Commerzbank Aktiengesellschaft FI grew its holdings in shares of Diamondback Energy Inc (NASDAQ:FANG) by 23.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,860 shares of the oil and natural gas company’s stock after purchasing an additional 21,760 shares during the period. Commerzbank Aktiengesellschaft FI owned approximately 0.11% of Diamondback Energy worth $14,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FANG. Lord Abbett & CO. LLC increased its position in Diamondback Energy by 223.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 666,299 shares of the oil and natural gas company’s stock worth $84,300,000 after purchasing an additional 459,995 shares during the period. Capital Growth Management LP acquired a new position in Diamondback Energy during the 1st quarter worth approximately $51,241,000. Arosa Capital Management LP acquired a new position in Diamondback Energy during the 1st quarter worth approximately $34,257,000. Legal & General Group Plc increased its position in Diamondback Energy by 206.8% during the 1st quarter. Legal & General Group Plc now owns 401,479 shares of the oil and natural gas company’s stock worth $50,795,000 after purchasing an additional 270,607 shares during the period. Finally, BlackRock Inc. increased its position in Diamondback Energy by 5.5% during the 1st quarter. BlackRock Inc. now owns 4,993,647 shares of the oil and natural gas company’s stock worth $631,797,000 after purchasing an additional 261,658 shares during the period.

In related news, VP Hof Matthew Kaes Van’t sold 832 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $128.46, for a total value of $106,878.72. Following the sale, the vice president now owns 6,897 shares of the company’s stock, valued at approximately $885,988.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael L. Hollis sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $128.85, for a total value of $644,250.00. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

FANG opened at $121.52 on Friday. Diamondback Energy Inc has a 1-year low of $86.62 and a 1-year high of $138.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 0.54. The company has a market capitalization of $11.95 billion, a P/E ratio of 19.79, a PEG ratio of 0.73 and a beta of 0.62.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Wednesday, August 8th. The oil and natural gas company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.05). Diamondback Energy had a net margin of 33.37% and a return on equity of 10.56%. The company had revenue of $526.30 million during the quarter, compared to analysts’ expectations of $479.57 million. During the same period in the previous year, the company posted $1.25 EPS. Diamondback Energy’s quarterly revenue was up 95.4% compared to the same quarter last year. equities research analysts forecast that Diamondback Energy Inc will post 6.56 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 27th. Investors of record on Monday, August 20th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Friday, August 17th. Diamondback Energy’s payout ratio is currently 9.43%.

Several research firms have issued reports on FANG. KLR Group reiterated a “buy” rating and set a $211.00 target price on shares of Diamondback Energy in a research report on Monday, August 20th. Williams Capital upgraded Diamondback Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $165.00 to $167.00 in a research report on Monday, August 20th. BMO Capital Markets reiterated a “hold” rating and set a $135.00 target price on shares of Diamondback Energy in a research report on Friday, August 17th. SunTrust Banks set a $175.00 target price on Diamondback Energy and gave the stock a “buy” rating in a research report on Thursday, August 16th. Finally, Morgan Stanley dropped their target price on Diamondback Energy from $176.00 to $164.00 and set an “overweight” rating on the stock in a research report on Thursday, August 16th. Five analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $154.18.

Diamondback Energy Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

Read More: Asset Allocation

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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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