PensionDanmark Pensionsforsikringsaktieselskab Purchases 4,800 Shares of Diamondback Energy, Inc. $FANG

PensionDanmark Pensionsforsikringsaktieselskab boosted its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 12.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,180 shares of the oil and natural gas company’s stock after acquiring an additional 4,800 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Diamondback Energy were worth $7,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners raised its position in Diamondback Energy by 2.9% during the 3rd quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock valued at $821,649,000 after purchasing an additional 163,548 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Diamondback Energy by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 5,621,120 shares of the oil and natural gas company’s stock valued at $844,073,000 after buying an additional 14,625 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Diamondback Energy by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 5,159,365 shares of the oil and natural gas company’s stock valued at $775,607,000 after buying an additional 532,756 shares during the period. Capital Research Global Investors raised its holdings in shares of Diamondback Energy by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,332,885 shares of the oil and natural gas company’s stock valued at $651,363,000 after acquiring an additional 534,073 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Diamondback Energy by 3.2% during the fourth quarter. Morgan Stanley now owns 3,828,941 shares of the oil and natural gas company’s stock valued at $575,605,000 after acquiring an additional 117,798 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Diamondback Energy

In related news, Director Mark Lawrence Plaumann sold 500 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total value of $98,250.00. Following the completion of the transaction, the director directly owned 13,437 shares in the company, valued at $2,640,370.50. This trade represents a 3.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Teresa L. Dick sold 7,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total transaction of $1,406,300.00. Following the sale, the chief accounting officer directly owned 85,755 shares in the company, valued at $17,228,179.50. The trade was a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 139,167 shares of company stock valued at $26,749,809 in the last quarter. 0.64% of the stock is owned by insiders.

Diamondback Energy Trading Down 0.8%

NASDAQ FANG opened at $188.04 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.47 and a debt-to-equity ratio of 0.25. Diamondback Energy, Inc. has a twelve month low of $134.30 and a twelve month high of $214.51. The firm has a market capitalization of $52.90 billion, a PE ratio of 36.65 and a beta of 0.43. The stock’s 50 day moving average is $190.39 and its 200 day moving average is $185.79.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.08 by $0.40. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $4.89 billion. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%.The firm’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.38 earnings per share. Research analysts forecast that Diamondback Energy, Inc. will post 19.73 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th will be given a $1.10 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.3%. Diamondback Energy’s dividend payout ratio is currently 85.77%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FANG shares. Sanford C. Bernstein lifted their price target on shares of Diamondback Energy from $237.00 to $241.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Susquehanna upped their price objective on shares of Diamondback Energy from $245.00 to $255.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Wells Fargo & Company raised their target price on shares of Diamondback Energy from $262.00 to $263.00 and gave the stock an “overweight” rating in a research report on Wednesday. Zacks Research lowered shares of Diamondback Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Mizuho boosted their price target on shares of Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $220.75.

Diamondback Energy Company Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub?basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.