Oxford Asset Management LLP Grows Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Oxford Asset Management LLP boosted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 59.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,442 shares of the oil and natural gas company’s stock after purchasing an additional 909 shares during the period. Oxford Asset Management LLP’s holdings in Diamondback Energy were worth $400,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Demars Financial Group LLC purchased a new position in Diamondback Energy in the 4th quarter valued at $638,050,000. Raymond James Financial Inc. acquired a new stake in shares of Diamondback Energy in the 4th quarter worth $298,327,000. Assenagon Asset Management S.A. boosted its holdings in shares of Diamondback Energy by 1,153.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,132,918 shares of the oil and natural gas company’s stock valued at $185,606,000 after acquiring an additional 1,042,505 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Diamondback Energy by 11.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,136,645 shares of the oil and natural gas company’s stock worth $1,496,859,000 after acquiring an additional 928,429 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its holdings 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 currently owned by institutional investors and hedge funds.

Diamondback Energy Stock Performance

Shares of FANG opened at $136.76 on Friday. The company has a market capitalization of $40.22 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 1.24 and a beta of 1.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $214.50. The company’s 50 day simple moving average is $145.04 and its 200 day simple moving average is $162.78.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.07. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. On average, sell-side analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.92%. This is an increase from Diamondback Energy’s previous quarterly dividend of $0.90. Diamondback Energy’s dividend payout ratio is currently 25.32%.

Analyst Ratings Changes

Several equities analysts have issued reports on FANG shares. Piper Sandler dropped their target price on Diamondback Energy from $240.00 to $234.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on Diamondback Energy from $215.00 to $207.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Williams Trading set a $190.00 target price on shares of Diamondback Energy in a research report on Wednesday, March 5th. Scotiabank cut their price target on shares of Diamondback Energy from $215.00 to $175.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Finally, UBS Group decreased their price objective on shares of Diamondback Energy from $175.00 to $163.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.96.

Insider Transactions at Diamondback Energy

In related news, Director Frank D. Tsuru purchased 2,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were bought at an average price of $156.51 per share, with a total value of $313,020.00. Following the completion of the purchase, the director now directly owns 5,730 shares in the company, valued at approximately $896,802.30. This trade represents a 53.62 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

Diamondback Energy 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.