Universal Beteiligungs und Servicegesellschaft mbH Buys 32,838 Shares of Diamondback Energy, Inc. $FANG

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 38.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,287 shares of the oil and natural gas company’s stock after purchasing an additional 32,838 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Diamondback Energy were worth $16,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new stake in Diamondback Energy in the 2nd quarter valued at about $28,000. SouthState Corp grew its stake in Diamondback Energy by 596.4% in the first quarter. SouthState Corp now owns 195 shares of the oil and natural gas company’s stock valued at $31,000 after acquiring an additional 167 shares during the period. Eastern Bank grew its stake in Diamondback Energy by 119.8% in the first quarter. Eastern Bank now owns 233 shares of the oil and natural gas company’s stock valued at $37,000 after acquiring an additional 127 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Diamondback Energy during the first quarter valued at approximately $43,000. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Diamondback Energy by 49.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 368 shares of the oil and natural gas company’s stock worth $51,000 after purchasing an additional 122 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $149.58 on Wednesday. The company has a fifty day moving average price of $142.96 and a 200-day moving average price of $142.33. The firm has a market cap of $42.86 billion, a price-to-earnings ratio of 10.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.60. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $186.07.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.14. Diamondback Energy had a net margin of 27.32% and a return on equity of 9.57%. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the previous year, the company earned $3.19 earnings per share. The firm’s revenue for the quarter was up 48.4% compared to the same quarter last year. As a group, equities research analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, November 13th. Diamondback Energy’s payout ratio is presently 27.80%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Mizuho reduced their price target on shares of Diamondback Energy from $183.00 to $176.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Melius assumed coverage on shares of Diamondback Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $213.00 price objective on the stock. Raymond James Financial reduced their price objective on shares of Diamondback Energy from $221.00 to $212.00 and set a “strong-buy” rating for the company in a report on Wednesday, August 20th. Scotiabank restated an “outperform” rating on shares of Diamondback Energy in a report on Thursday, October 9th. Finally, Wells Fargo & Company raised their price target on shares of Diamondback Energy from $160.00 to $169.00 and gave the company an “overweight” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $188.82.

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.