Diamondback Energy, Inc. (NASDAQ:FANG) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 22.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,868 shares of the oil and natural gas company’s stock after selling 8,830 shares during the period. Yousif Capital Management LLC’s holdings in Diamondback Energy were worth $4,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new stake in Diamondback Energy in the fourth quarter valued at about $27,000. BluePath Capital Management LLC acquired a new stake in Diamondback Energy in the third quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Diamondback Energy in the fourth quarter valued at about $34,000. CVA Family Office LLC acquired a new stake in Diamondback Energy in the fourth quarter valued at about $35,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Diamondback Energy by 559.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 257 shares of the oil and natural gas company’s stock valued at $40,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FANG shares. Royal Bank of Canada reiterated an “outperform” rating and set a $195.00 price target on shares of Diamondback Energy in a research report on Monday, March 4th. Evercore ISI lifted their price target on shares of Diamondback Energy from $185.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Bank Of America (Bofa) reduced their price target on shares of Diamondback Energy from $147.00 to $129.00 and set an “underperform” rating for the company in a research report on Thursday, January 18th. KeyCorp lifted their price target on shares of Diamondback Energy from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Scotiabank lifted their price target on shares of Diamondback Energy from $210.00 to $255.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $202.53.

Insiders Place Their Bets

In other Diamondback Energy news, CEO Travis D. Stice sold 30,000 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $200.00, for a total value of $6,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 446,610 shares of the company’s stock, valued at approximately $89,322,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Diamondback Energy news, CEO Travis D. Stice sold 30,000 shares of Diamondback Energy stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $200.00, for a total value of $6,000,000.00. Following the transaction, the chief executive officer now owns 446,610 shares in the company, valued at approximately $89,322,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Hof Matthew Kaes Van’t sold 12,000 shares of Diamondback Energy stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $190.82, for a total transaction of $2,289,840.00. Following the completion of the transaction, the chief financial officer now owns 185,882 shares in the company, valued at approximately $35,470,003.24. The disclosure for this sale can be found here. In the last three months, insiders sold 57,675 shares of company stock valued at $11,311,096. Company insiders own 0.43% of the company’s stock.

Diamondback Energy Stock Up 0.3 %

FANG stock opened at $207.76 on Friday. The stock has a market capitalization of $37.05 billion, a P/E ratio of 11.98 and a beta of 1.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.74 and a current ratio of 0.77. Diamondback Energy, Inc. has a one year low of $123.41 and a one year high of $211.96. The company has a 50 day moving average price of $193.25 and a two-hundred day moving average price of $169.49.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, February 20th. The oil and natural gas company reported $4.74 EPS for the quarter, topping the consensus estimate of $4.61 by $0.13. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Diamondback Energy had a net margin of 37.36% and a return on equity of 19.56%. Diamondback Energy’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $5.29 EPS. As a group, sell-side analysts expect that Diamondback Energy, Inc. will post 18.83 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were paid a $3.08 dividend. This is a boost from Diamondback Energy’s previous quarterly dividend of $0.84. This represents a $12.32 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend was Monday, March 4th. Diamondback Energy’s payout ratio is presently 20.76%.

Diamondback Energy Company Profile

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.