Capital Analysts LLC Increases Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Capital Analysts LLC lifted its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 10,064.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,722 shares of the oil and natural gas company’s stock after purchasing an additional 13,587 shares during the period. Capital Analysts LLC’s holdings in Diamondback Energy were worth $2,128,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in shares of Diamondback Energy in the fourth quarter valued at approximately $27,000. BluePath Capital Management LLC purchased a new stake in shares of Diamondback Energy in the third quarter valued at approximately $28,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Diamondback Energy in the third quarter worth approximately $32,000. FinTrust Capital Advisors LLC raised its stake in Diamondback Energy by 232.8% in the fourth quarter. FinTrust Capital Advisors LLC now owns 213 shares of the oil and natural gas company’s stock worth $29,000 after buying an additional 149 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Diamondback Energy in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Insider Activity

In related news, CEO Travis D. Stice sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $200.00, for a total transaction of $6,000,000.00. Following the transaction, the chief executive officer now owns 446,610 shares of the company’s stock, valued at $89,322,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Diamondback Energy news, CAO Teresa L. Dick sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $192.00, for a total transaction of $384,000.00. Following the transaction, the chief accounting officer now owns 96,523 shares of the company’s stock, valued at $18,532,416. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Travis D. Stice sold 30,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $200.00, for a total transaction of $6,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 446,610 shares in the company, valued at approximately $89,322,000. The disclosure for this sale can be found here. Insiders have sold 57,675 shares of company stock worth $11,311,096 over the last ninety days. 0.43% of the stock is currently owned by insiders.

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock traded down $1.92 on Tuesday, reaching $203.43. 113,608 shares of the stock were exchanged, compared to its average volume of 1,754,457. Diamondback Energy, Inc. has a 1-year low of $123.41 and a 1-year high of $211.96. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average price of $185.96 and a two-hundred day moving average price of $166.40. The firm has a market capitalization of $36.28 billion, a PE ratio of 11.84 and a beta of 1.93.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Tuesday, February 20th. The oil and natural gas company reported $4.74 earnings per share for the quarter, topping the consensus estimate of $4.61 by $0.13. Diamondback Energy had a net margin of 37.36% and a return on equity of 19.56%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business posted $5.29 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, research analysts anticipate that Diamondback Energy, Inc. will post 18.47 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were given a $3.08 dividend. The ex-dividend date of this dividend was Monday, March 4th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.84. This represents a $12.32 annualized dividend and a dividend yield of 6.06%. Diamondback Energy’s dividend payout ratio is currently 20.76%.

Analyst Ratings Changes

A number of equities analysts recently commented on FANG shares. BMO Capital Markets boosted their price objective on shares of Diamondback Energy from $167.00 to $175.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 13th. UBS Group boosted their price objective on shares of Diamondback Energy from $183.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Stifel Nicolaus boosted their price objective on shares of Diamondback Energy from $192.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Scotiabank boosted their price objective on shares of Diamondback Energy from $210.00 to $255.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Finally, Susquehanna upped their price target on Diamondback Energy from $190.00 to $195.00 and gave the stock a “positive” rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.95.

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.