B. Metzler seel. Sohn & Co. Holding AG Takes $585,000 Position in Diamondback Energy, Inc. (NASDAQ:FANG)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) in the third quarter, HoldingsChannel.com reports. The fund purchased 3,393 shares of the oil and natural gas company’s stock, valued at approximately $585,000.

Several other large investors have also bought and sold shares of the business. Banque Cantonale Vaudoise acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at approximately $105,000. Prospera Financial Services Inc raised its holdings in Diamondback Energy by 56.9% in the third quarter. Prospera Financial Services Inc now owns 4,553 shares of the oil and natural gas company’s stock worth $786,000 after purchasing an additional 1,651 shares during the period. Caprock Group LLC grew its holdings in shares of Diamondback Energy by 3.0% in the 3rd quarter. Caprock Group LLC now owns 8,074 shares of the oil and natural gas company’s stock valued at $1,392,000 after buying an additional 237 shares during the period. Swiss National Bank increased its position in shares of Diamondback Energy by 11.7% in the 3rd quarter. Swiss National Bank now owns 560,099 shares of the oil and natural gas company’s stock valued at $96,561,000 after buying an additional 58,500 shares in the last quarter. Finally, Concord Asset Management LLC VA raised its stake in Diamondback Energy by 4.9% during the 3rd quarter. Concord Asset Management LLC VA now owns 2,945 shares of the oil and natural gas company’s stock worth $508,000 after buying an additional 138 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 4,712 shares in the company, valued at approximately $852,872. The trade was a 19.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Lyndal Greth sold 13,212,830 shares of Diamondback Energy stock in a transaction that occurred 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. 0.48% of the stock is currently owned by corporate insiders.

Diamondback Energy Price Performance

Shares of FANG opened at $185.29 on Monday. The firm has a market capitalization of $54.10 billion, a PE ratio of 10.61, a PEG ratio of 1.34 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The company’s 50-day moving average is $182.15 and its 200-day moving average is $190.63. Diamondback Energy, Inc. has a fifty-two week low of $145.70 and a fifty-two week high of $214.50.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.62 by ($1.24). The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.43 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.49 EPS. Equities analysts forecast that Diamondback Energy, Inc. will post 16.35 EPS for the current year.

Diamondback Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a $0.90 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.94%. Diamondback Energy’s payout ratio is presently 20.61%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FANG shares. Barclays upgraded Diamondback Energy from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $216.00 to $210.00 in a research report on Wednesday, October 2nd. Benchmark reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Diamondback Energy in a research report on Tuesday, October 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $210.00 target price on shares of Diamondback Energy in a report on Wednesday, November 6th. JPMorgan Chase & Co. initiated coverage on Diamondback Energy in a report on Wednesday, October 2nd. They set an “overweight” rating and a $182.00 price objective for the company. Finally, Wells Fargo & Company restated a “sector outperform” rating on shares of Diamondback Energy in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $212.00.

Diamondback Energy Company 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.