SG Americas Securities LLC Has $10.71 Million Stake in Diamondback Energy Inc (FANG)

SG Americas Securities LLC reduced its stake in shares of Diamondback Energy Inc (NASDAQ:FANG) by 56.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,515 shares of the oil and natural gas company’s stock after selling 139,143 shares during the period. SG Americas Securities LLC owned about 0.06% of Diamondback Energy worth $10,713,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Diamondback Energy by 10.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,376 shares of the oil and natural gas company’s stock worth $3,084,000 after buying an additional 2,855 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Diamondback Energy by 36.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,983 shares of the oil and natural gas company’s stock worth $303,000 after buying an additional 798 shares in the last quarter. Whittier Trust Co. raised its position in shares of Diamondback Energy by 5.2% during the 1st quarter. Whittier Trust Co. now owns 18,911 shares of the oil and natural gas company’s stock worth $1,920,000 after buying an additional 927 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Diamondback Energy by 190.4% during the 1st quarter. Quadrant Capital Group LLC now owns 964 shares of the oil and natural gas company’s stock worth $94,000 after buying an additional 632 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Diamondback Energy by 2.2% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 94,164 shares of the oil and natural gas company’s stock worth $9,560,000 after buying an additional 2,059 shares in the last quarter.

Shares of Diamondback Energy stock traded down $4.92 during trading on Wednesday, hitting $108.88. The stock had a trading volume of 1,324,124 shares, compared to its average volume of 1,881,641. The company has a market cap of $17.93 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 0.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.62 and a quick ratio of 0.60. Diamondback Energy Inc has a 1 year low of $85.19 and a 1 year high of $140.78.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, May 7th. The oil and natural gas company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.03. The business had revenue of $864.00 million for the quarter, compared to the consensus estimate of $893.16 million. Diamondback Energy had a net margin of 27.05% and a return on equity of 6.81%. The firm’s quarterly revenue was up 80.4% compared to the same quarter last year. During the same period last year, the firm posted $1.64 earnings per share. On average, analysts expect that Diamondback Energy Inc will post 8.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 28th will be given a dividend of $0.188 per share. The ex-dividend date of this dividend is Friday, May 24th. This is an increase from Diamondback Energy’s previous quarterly dividend of $0.13. This represents a $0.75 dividend on an annualized basis and a yield of 0.69%. Diamondback Energy’s payout ratio is presently 8.52%.

A number of analysts have commented on the stock. Bank of America boosted their price target on shares of Diamondback Energy from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Diamondback Energy from $152.00 to $153.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. BidaskClub upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. ValuEngine upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Raymond James upgraded shares of Diamondback Energy from an “outperform” rating to a “strong-buy” rating in a report on Thursday, May 9th. Three research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $161.04.

In related news, CFO Hof Matthew Kaes Van’t sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $101.82, for a total transaction of $173,094.00. Following the transaction, the chief financial officer now directly owns 28,965 shares of the company’s stock, valued at $2,949,216.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Russell Pantermuehl sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $112.18, for a total transaction of $560,900.00. Following the transaction, the vice president now directly owns 117,107 shares in the company, valued at $13,137,063.26. The disclosure for this sale can be found here. Insiders have sold 11,050 shares of company stock worth $1,187,058 over the last ninety days. 0.47% of the stock is currently owned by insiders.

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Diamondback Energy Company Profile

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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