Headlands Technologies LLC Boosts Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Headlands Technologies LLC boosted its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 125.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 824 shares of the oil and natural gas company’s stock after purchasing an additional 459 shares during the quarter. Headlands Technologies LLC’s holdings in Diamondback Energy were worth $128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FANG. Wellington Management Group LLP boosted its holdings in shares of Diamondback Energy by 4.8% in the third quarter. Wellington Management Group LLP now owns 14,266,640 shares of the oil and natural gas company’s stock worth $2,209,617,000 after buying an additional 648,317 shares during the last quarter. Morgan Stanley lifted its position in shares of Diamondback Energy by 2.6% during the 3rd quarter. Morgan Stanley now owns 3,494,159 shares of the oil and natural gas company’s stock valued at $541,175,000 after buying an additional 89,663 shares in the last quarter. Invesco Ltd. grew its stake in shares of Diamondback Energy by 6.6% during the 3rd quarter. Invesco Ltd. now owns 3,320,567 shares of the oil and natural gas company’s stock valued at $514,289,000 after acquiring an additional 206,189 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Diamondback Energy by 39.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,007,599 shares of the oil and natural gas company’s stock worth $465,817,000 after acquiring an additional 858,446 shares during the period. Finally, Northern Trust Corp lifted its holdings in Diamondback Energy by 0.6% during the third quarter. Northern Trust Corp now owns 1,999,579 shares of the oil and natural gas company’s stock valued at $309,695,000 after purchasing an additional 12,237 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, CAO Teresa L. Dick sold 2,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $192.00, for a total transaction of $384,000.00. Following the sale, the chief accounting officer now owns 96,523 shares of the company’s stock, valued at approximately $18,532,416. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Diamondback Energy news, CAO Teresa L. Dick sold 2,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $192.00, for a total transaction of $384,000.00. Following the completion of the sale, the chief accounting officer now directly owns 96,523 shares of the company’s stock, valued at $18,532,416. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jere W. Thompson III sold 2,675 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $192.35, for a total transaction of $514,536.25. Following the completion of the transaction, the vice president now directly owns 8,485 shares in the company, valued at approximately $1,632,089.75. The disclosure for this sale can be found here. Insiders have sold a total of 57,675 shares of company stock valued at $11,311,096 over the last ninety days. 0.43% of the stock is owned by company insiders.

Diamondback Energy Trading Down 0.9 %

FANG opened at $205.86 on Tuesday. Diamondback Energy, Inc. has a 52 week low of $123.41 and a 52 week high of $211.96. The company has a market capitalization of $36.71 billion, a P/E ratio of 11.87 and a beta of 1.93. The stock’s fifty day moving average is $193.78 and its two-hundred day moving average is $169.96. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 0.38.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Tuesday, February 20th. The oil and natural gas company reported $4.74 EPS for the quarter, beating the consensus estimate of $4.61 by $0.13. Diamondback Energy had a return on equity of 19.56% and a net margin of 37.36%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm posted $5.29 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts forecast that Diamondback Energy, Inc. will post 18.83 earnings per share for the current year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were paid a dividend of $3.08 per share. The ex-dividend date was Monday, March 4th. This is an increase from Diamondback Energy’s previous quarterly dividend of $0.84. This represents a $12.32 dividend on an annualized basis and a dividend yield of 5.98%. Diamondback Energy’s dividend payout ratio (DPR) is currently 20.76%.

Analyst Ratings Changes

Several brokerages have recently commented on FANG. Evercore ISI raised their price objective on shares of Diamondback Energy from $185.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Royal Bank of Canada restated an “outperform” rating and issued a $195.00 price target on shares of Diamondback Energy in a research note on Monday, March 4th. Susquehanna lifted their price objective on Diamondback Energy from $212.00 to $245.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Morgan Stanley reduced their price target on shares of Diamondback Energy from $186.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Finally, Piper Sandler increased their price objective on shares of Diamondback Energy from $227.00 to $247.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Diamondback Energy has a consensus rating of “Moderate Buy” and an average target price of $202.53.

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.