First National Bank of Omaha trimmed its position in shares of Diamondback Energy Inc (NASDAQ:FANG) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,792 shares of the oil and natural gas company’s stock after selling 248 shares during the quarter. First National Bank of Omaha’s holdings in Diamondback Energy were worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FANG. State of Alaska Department of Revenue raised its holdings in Diamondback Energy by 0.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 25,041 shares of the oil and natural gas company’s stock worth $2,727,000 after purchasing an additional 103 shares during the period. Oakbrook Investments LLC raised its holdings in Diamondback Energy by 1.7% during the second quarter. Oakbrook Investments LLC now owns 7,350 shares of the oil and natural gas company’s stock valued at $801,000 after acquiring an additional 125 shares during the period. Hartford Investment Management Co. raised its holdings in Diamondback Energy by 0.8% during the second quarter. Hartford Investment Management Co. now owns 16,662 shares of the oil and natural gas company’s stock valued at $1,816,000 after acquiring an additional 138 shares during the period. Commonwealth Bank of Australia raised its holdings in Diamondback Energy by 81.7% during the second quarter. Commonwealth Bank of Australia now owns 338 shares of the oil and natural gas company’s stock valued at $34,000 after acquiring an additional 152 shares during the period. Finally, Profund Advisors LLC raised its holdings in Diamondback Energy by 2.6% during the second quarter. Profund Advisors LLC now owns 6,288 shares of the oil and natural gas company’s stock valued at $685,000 after acquiring an additional 157 shares during the period. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

FANG traded up $0.10 on Friday, hitting $75.66. The company had a trading volume of 216,535 shares, compared to its average volume of 1,554,956. The company has a market cap of $14.71 billion, a PE ratio of 12.89, a PEG ratio of 0.47 and a beta of 0.78. Diamondback Energy Inc has a 12-month low of $74.55 and a 12-month high of $116.12. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $86.82 and its 200 day simple moving average is $98.46.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, November 5th. The oil and natural gas company reported $1.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.24). The company had revenue of $975.00 million during the quarter, compared to analysts’ expectations of $1.04 billion. Diamondback Energy had a return on equity of 6.09% and a net margin of 29.59%. The company’s revenue was up 81.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 EPS. On average, analysts anticipate that Diamondback Energy Inc will post 6.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 15th will be given a $0.1875 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.75 annualized dividend and a yield of 0.99%. Diamondback Energy’s dividend payout ratio is currently 12.78%.

A number of research firms have commented on FANG. Morgan Stanley decreased their price target on Diamondback Energy from $129.00 to $123.00 and set an “overweight” rating on the stock in a report on Wednesday. Northland Securities reissued a “buy” rating and set a $130.00 price target on shares of Diamondback Energy in a report on Wednesday. KeyCorp decreased their price target on Diamondback Energy from $133.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Imperial Capital decreased their price target on Diamondback Energy from $100.00 to $88.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Royal Bank of Canada cut their price objective on Diamondback Energy from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $141.05.

In other Diamondback Energy news, EVP Randall J. Holder sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $100.00, for a total value of $300,000.00. Following the completion of the sale, the executive vice president now owns 11,448 shares of the company’s stock, valued at $1,144,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael P. Cross sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $104.75, for a total transaction of $104,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,000 shares of company stock valued at $1,621,690. 0.47% of the stock is currently owned by company insiders.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily 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.

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

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