Natixis Advisors LLC Increases Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Natixis Advisors LLC raised its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,674 shares of the oil and natural gas company’s stock after purchasing an additional 14,182 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Diamondback Energy worth $29,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Empirical Finance LLC boosted its holdings in Diamondback Energy by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 5,941 shares of the oil and natural gas company’s stock valued at $1,024,000 after purchasing an additional 130 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Diamondback Energy by 7.7% in the 3rd quarter. CIBC Asset Management Inc now owns 56,299 shares of the oil and natural gas company’s stock valued at $9,706,000 after purchasing an additional 4,020 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in Diamondback Energy by 12.0% in the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,669 shares of the oil and natural gas company’s stock valued at $460,000 after purchasing an additional 286 shares during the last quarter. ING Groep NV boosted its holdings in Diamondback Energy by 399.6% in the 3rd quarter. ING Groep NV now owns 18,111 shares of the oil and natural gas company’s stock valued at $3,122,000 after purchasing an additional 14,486 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in Diamondback Energy by 391.8% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,902 shares of the oil and natural gas company’s stock valued at $1,018,000 after purchasing an additional 4,702 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy Trading Down 3.2 %

Shares of NASDAQ:FANG opened at $176.60 on Monday. Diamondback Energy, Inc. has a 52 week low of $145.70 and a 52 week high of $214.50. The company’s 50 day moving average is $181.16 and its two-hundred day moving average is $191.33. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The company has a market cap of $51.57 billion, a PE ratio of 10.11, a P/E/G ratio of 1.26 and a beta of 1.89.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $4.62 by ($1.24). Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the company posted $5.49 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts predict that Diamondback Energy, Inc. will post 16.78 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Thursday, November 14th. Diamondback Energy’s dividend payout ratio is presently 20.61%.

Analysts Set New Price Targets

FANG has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of Diamondback Energy in a report on Monday, October 14th. They issued a “neutral” rating and a $195.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Diamondback Energy in a report on Wednesday, October 2nd. They issued an “overweight” rating and a $182.00 price objective on the stock. Wells Fargo & Company restated a “sector outperform” rating on shares of Diamondback Energy in a report on Friday, October 18th. StockNews.com upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley upped their price objective on shares of Diamondback Energy from $185.00 to $198.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.64.

Insider Buying and Selling at Diamondback Energy

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total value of $208,150.00. Following the transaction, the director now directly owns 4,712 shares of the company’s stock, valued at $852,872. This trade represents a 19.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Lyndal Greth sold 13,212,830 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $175.11, for a total transaction of $2,313,698,661.30. Following the completion of the transaction, the insider now directly owns 1,037,819 shares in the company, valued at $181,732,485.09. This trade represents a 92.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

About Diamondback Energy

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.