Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Diamondback Energy Inc (NASDAQ:FANG) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,778 shares of the oil and natural gas company’s stock after buying an additional 2,532 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Diamondback Energy were worth $3,350,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in FANG. JPMorgan Chase & Co. increased its holdings in shares of Diamondback Energy by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,478,957 shares of the oil and natural gas company’s stock valued at $1,011,079,000 after acquiring an additional 984,124 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Diamondback Energy by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 1,594,112 shares of the oil and natural gas company’s stock valued at $209,737,000 after acquiring an additional 29,280 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Diamondback Energy by 40.4% in the 2nd quarter. Bank of America Corp DE now owns 926,005 shares of the oil and natural gas company’s stock valued at $121,835,000 after acquiring an additional 266,321 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Diamondback Energy by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 733,515 shares of the oil and natural gas company’s stock valued at $96,505,000 after acquiring an additional 109,099 shares during the last quarter. Finally, Carillon Tower Advisers Inc. increased its holdings in shares of Diamondback Energy by 4.5% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 628,693 shares of the oil and natural gas company’s stock valued at $82,716,000 after acquiring an additional 26,818 shares during the last quarter.

Shares of FANG stock opened at $113.81 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. Diamondback Energy Inc has a 1 year low of $105.66 and a 1 year high of $140.78. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 0.65 and a beta of 0.70.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Tuesday, November 6th. The oil and natural gas company reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.15. Diamondback Energy had a return on equity of 10.75% and a net margin of 33.63%. The company had revenue of $538.03 million during the quarter, compared to analyst estimates of $518.32 million. During the same quarter in the previous year, the firm posted $1.33 EPS. The firm’s quarterly revenue was up 78.6% on a year-over-year basis. Equities analysts expect that Diamondback Energy Inc will post 6.69 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Monday, November 19th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.50 dividend on an annualized basis and a yield of 0.44%. Diamondback Energy’s dividend payout ratio (DPR) is presently 9.43%.

In other Diamondback Energy news, VP Russell Pantermuehl sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $127.80, for a total transaction of $255,600.00. Following the completion of the transaction, the vice president now owns 89,532 shares in the company, valued at approximately $11,442,189.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.57% of the company’s stock.

A number of equities research analysts have recently weighed in on FANG shares. BidaskClub upgraded Diamondback Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Williams Capital restated a “hold” rating and set a $162.00 price objective on shares of Diamondback Energy in a research report on Thursday, August 9th. Capital One Financial restated an “overweight” rating on shares of Diamondback Energy in a research report on Wednesday, August 8th. Imperial Capital boosted their price objective on Diamondback Energy from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Finally, SunTrust Banks restated a “buy” rating and set a $170.00 price objective on shares of Diamondback Energy in a research report on Friday, August 10th. Five investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Diamondback Energy has a consensus rating of “Buy” and an average price target of $157.82.

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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 onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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