Gateway Investment Advisers LLC decreased its holdings in shares of Diamondback Energy Inc (NASDAQ:FANG) by 4.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,655 shares of the oil and natural gas company’s stock after selling 307 shares during the period. Gateway Investment Advisers LLC’s holdings in Diamondback Energy were worth $725,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Diamondback Energy by 60.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,374,465 shares of the oil and natural gas company’s stock valued at $127,413,000 after buying an additional 517,292 shares in the last quarter. Geode Capital Management LLC increased its position in Diamondback Energy by 128.1% during the 4th quarter. Geode Capital Management LLC now owns 2,040,175 shares of the oil and natural gas company’s stock valued at $188,797,000 after purchasing an additional 1,145,573 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Diamondback Energy during the 4th quarter valued at about $378,000. Cetera Advisors LLC purchased a new position in shares of Diamondback Energy in the 4th quarter worth approximately $223,000. Finally, Nordea Investment Management AB boosted its stake in Diamondback Energy by 54.0% in the 4th quarter. Nordea Investment Management AB now owns 5,876 shares of the oil and natural gas company’s stock worth $545,000 after purchasing an additional 2,061 shares in the last quarter. 99.48% of the stock is owned by institutional investors and hedge funds.
In related news, VP Russell Pantermuehl sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $112.18, for a total transaction of $560,900.00. Following the completion of the sale, the vice president now owns 117,107 shares in the company, valued at approximately $13,137,063.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Travis D. Stice acquired 4,186 shares of Diamondback Energy stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $95.55 per share, with a total value of $399,972.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 11,500 shares of company stock valued at $1,258,505. 0.47% of the stock is owned by company insiders.
FANG opened at $95.81 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.82 and a quick ratio of 0.79. Diamondback Energy Inc has a 12 month low of $85.19 and a 12 month high of $140.78. The stock has a market capitalization of $16.29 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 0.66 and a beta of 0.82. The business has a 50-day moving average of $102.78 and a two-hundred day moving average of $103.27.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, August 6th. The oil and natural gas company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.04). Diamondback Energy had a return on equity of 6.50% and a net margin of 26.92%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm posted $1.59 earnings per share. The business’s revenue was up 93.7% on a year-over-year basis. Equities research analysts anticipate that Diamondback Energy Inc will post 7.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 16th will be issued a $0.188 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.78%. Diamondback Energy’s dividend payout ratio (DPR) is 12.78%.
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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