Vanguard Personalized Indexing Management LLC Has $5.04 Million Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Vanguard Personalized Indexing Management LLC raised its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,242 shares of the oil and natural gas company’s stock after purchasing an additional 2,005 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Diamondback Energy were worth $5,043,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Diamondback Energy by 39.4% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,470 shares of the oil and natural gas company’s stock valued at $695,000 after acquiring an additional 980 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Diamondback Energy by 27.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,480 shares of the oil and natural gas company’s stock worth $2,085,000 after purchasing an additional 2,227 shares in the last quarter. E Fund Management Co. Ltd. raised its position in Diamondback Energy by 6.7% during the 2nd quarter. E Fund Management Co. Ltd. now owns 2,140 shares of the oil and natural gas company’s stock worth $428,000 after purchasing an additional 134 shares during the last quarter. Abbot Financial Management Inc. boosted its position in Diamondback Energy by 6.0% during the second quarter. Abbot Financial Management Inc. now owns 3,311 shares of the oil and natural gas company’s stock valued at $663,000 after acquiring an additional 187 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Diamondback Energy during the 2nd quarter worth approximately $1,773,000. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Down 0.9 %

Shares of NASDAQ:FANG opened at $178.12 on Thursday. The firm has a fifty day moving average price of $193.26 and a two-hundred day moving average price of $195.65. The company has a market cap of $31.77 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 1.06 and a beta of 1.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.66 and a quick ratio of 3.64. Diamondback Energy, Inc. has a one year low of $143.08 and a one year high of $214.50.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, August 5th. The oil and natural gas company reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.01. Diamondback Energy had a return on equity of 19.54% and a net margin of 37.51%. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the company earned $3.68 earnings per share. The firm’s quarterly revenue was up 29.4% on a year-over-year basis. Analysts anticipate that Diamondback Energy, Inc. will post 19.08 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently disclosed a None dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $2.34 dividend. This represents a dividend yield of 1.9%. This is a boost from Diamondback Energy’s previous None dividend of $2.26. The ex-dividend date of this dividend was Thursday, August 15th. Diamondback Energy’s dividend payout ratio is 20.29%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group reduced their price objective on shares of Diamondback Energy from $247.00 to $223.00 and set a “buy” rating for the company in a report on Wednesday. Barclays boosted their price target on shares of Diamondback Energy from $214.00 to $216.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. KeyCorp assumed coverage on shares of Diamondback Energy in a research note on Thursday, June 27th. They issued an “overweight” rating and a $225.00 target price on the stock. Sanford C. Bernstein dropped their price objective on Diamondback Energy from $243.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, Morgan Stanley boosted their target price on Diamondback Energy from $185.00 to $198.00 and gave the company an “overweight” rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Diamondback Energy has an average rating of “Moderate Buy” and an average price target of $209.71.

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.