Diamondback Energy, Inc. (NASDAQ:FANG) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 31.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,317 shares of the oil and natural gas company’s stock after acquiring an additional 4,601 shares during the quarter. Quantinno Capital Management LP’s holdings in Diamondback Energy were worth $3,165,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FANG. Demars Financial Group LLC acquired a new position in Diamondback Energy in the fourth quarter valued at approximately $638,050,000. Raymond James Financial Inc. purchased a new position in Diamondback Energy in the fourth quarter valued at $298,327,000. Alyeska Investment Group L.P. purchased a new position in Diamondback Energy in the fourth quarter valued at $185,193,000. Price T Rowe Associates Inc. MD increased its holdings in Diamondback Energy by 11.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,136,645 shares of the oil and natural gas company’s stock valued at $1,496,859,000 after buying an additional 928,429 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in Diamondback Energy by 30.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,817,554 shares of the oil and natural gas company’s stock worth $461,600,000 after purchasing an additional 658,644 shares in the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Frank D. Tsuru purchased 2,000 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the transaction, the director now directly owns 5,730 shares in the company, valued at approximately $896,802.30. This represents a 53.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, President Hof Matthew Kaes Van’t sold 10,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $142.69, for a total value of $1,426,900.00. Following the transaction, the president now owns 120,645 shares of the company’s stock, valued at approximately $17,214,835.05. This represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of Diamondback Energy in a research report on Tuesday, April 15th. Raymond James lowered their price target on Diamondback Energy from $245.00 to $214.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price target on Diamondback Energy from $167.00 to $161.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. KeyCorp lowered their price target on Diamondback Energy from $216.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Finally, Williams Trading set a $190.00 price target on Diamondback Energy in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $194.09.

Diamondback Energy Price Performance

NASDAQ:FANG opened at $139.35 on Tuesday. The stock has a 50 day moving average price of $141.10 and a 200 day moving average price of $157.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. The stock has a market cap of $40.71 billion, a PE ratio of 7.98, a P/E/G ratio of 1.24 and a beta of 1.06. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $214.50.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.87. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The firm’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.50 earnings per share. Equities research analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, May 15th. This represents a $4.00 annualized dividend and a yield of 2.87%. Diamondback Energy’s dividend payout ratio (DPR) is 24.46%.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.