Y Intercept Hong Kong Ltd Has $270,000 Stock Holdings in Diamondback Energy, Inc. $FANG

Y Intercept Hong Kong Ltd trimmed its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 77.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,367 shares of the oil and natural gas company’s stock after selling 4,578 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Diamondback Energy were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners lifted its position in shares of Diamondback Energy by 2.9% in the 3rd quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock worth $821,649,000 after purchasing an additional 163,548 shares during the period. Geode Capital Management LLC increased its position in shares of Diamondback Energy by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 5,621,120 shares of the oil and natural gas company’s stock worth $844,073,000 after buying an additional 14,625 shares during the period. Bank of New York Mellon Corp increased its position in shares of Diamondback Energy by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 5,159,365 shares of the oil and natural gas company’s stock worth $775,607,000 after buying an additional 532,756 shares during the period. Capital Research Global Investors raised its stake in Diamondback Energy by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,332,885 shares of the oil and natural gas company’s stock worth $651,363,000 after buying an additional 534,073 shares during the last quarter. Finally, Morgan Stanley raised its stake in Diamondback Energy by 3.2% during the fourth quarter. Morgan Stanley now owns 3,828,941 shares of the oil and natural gas company’s stock worth $575,605,000 after buying an additional 117,798 shares during the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Trading Down 0.5%

NASDAQ:FANG opened at $189.76 on Thursday. Diamondback Energy, Inc. has a 12 month low of $134.30 and a 12 month high of $214.51. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $53.38 billion, a price-to-earnings ratio of 220.65 and a beta of 0.42. The firm has a fifty day simple moving average of $191.10 and a two-hundred day simple moving average of $180.37.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.74 by $0.49. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.54 EPS. Analysts expect that Diamondback Energy, Inc. will post 19.17 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $1.10 dividend. The ex-dividend date was Thursday, May 14th. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 2.3%. Diamondback Energy’s dividend payout ratio is currently 511.63%.

Analyst Upgrades and Downgrades

FANG has been the topic of a number of research analyst reports. Citigroup upped their price target on shares of Diamondback Energy from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. UBS Group lifted their price objective on Diamondback Energy from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Diamondback Energy in a research note on Wednesday, May 27th. KeyCorp upped their target price on Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Finally, Zacks Research cut Diamondback Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Diamondback Energy has an average rating of “Buy” and an average target price of $220.68.

Insider Transactions at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total transaction of $98,250.00. Following the completion of the sale, the director owned 13,437 shares in the company, valued at $2,640,370.50. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles Alvin Meloy sold 83,334 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $187.12, for a total value of $15,593,458.08. Following the transaction, the director directly owned 851,530 shares in the company, valued at $159,338,293.60. The trade was a 8.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 113,691 shares of company stock worth $21,622,752. 0.64% of the stock is currently owned by insiders.

Diamondback Energy Company Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.