Auxano Advisors LLC Takes $282,000 Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Auxano Advisors LLC bought a new position in Diamondback Energy, Inc. (NASDAQ:FANG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,819 shares of the oil and natural gas company’s stock, valued at approximately $282,000.

A number of other large investors have also added to or reduced their stakes in FANG. BKM Wealth Management LLC purchased a new stake in shares of Diamondback Energy during the 4th quarter valued at about $27,000. BluePath Capital Management LLC purchased a new stake in Diamondback Energy during the third quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Diamondback Energy during the 4th quarter worth $34,000. CVA Family Office LLC bought a new stake in shares of Diamondback Energy during the 4th quarter valued at $35,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Diamondback Energy by 559.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 257 shares of the oil and natural gas company’s stock worth $40,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 90.01% of the company’s stock.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, VP Jere W. Thompson III sold 2,675 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $192.35, for a total value of $514,536.25. Following the sale, the vice president now owns 8,485 shares in the company, valued at $1,632,089.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 stock was sold at an average price of $200.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jere W. Thompson III sold 2,675 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $192.35, for a total value of $514,536.25. Following the transaction, the vice president now directly owns 8,485 shares in the company, valued at approximately $1,632,089.75. The disclosure for this sale can be found here. Insiders sold a total of 57,675 shares of company stock worth $11,311,096 in the last quarter. 0.43% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FANG has been the subject of several analyst reports. Susquehanna increased their target price on shares of Diamondback Energy from $212.00 to $245.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Royal Bank of Canada restated an “outperform” rating and set a $195.00 target price on shares of Diamondback Energy in a research note on Monday, March 4th. Evercore ISI increased their price target on Diamondback Energy from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. UBS Group raised their price target on Diamondback Energy from $183.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Mizuho upped their price objective on Diamondback Energy from $200.00 to $217.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.53.

Diamondback Energy Trading Down 2.3 %

FANG stock traded down $4.73 during mid-day trading on Tuesday, reaching $201.13. 2,038,094 shares of the stock traded hands, compared to its average volume of 1,728,076. The business has a 50-day moving average price of $193.78 and a two-hundred day moving average price of $169.96. The stock has a market capitalization of $35.87 billion, a PE ratio of 11.87 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.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Tuesday, February 20th. The oil and natural gas company reported $4.74 earnings per share for the quarter, topping analysts’ consensus estimates of $4.61 by $0.13. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.16 billion. Diamondback Energy had a net margin of 37.36% and a return on equity of 19.56%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $5.29 EPS. Equities research analysts expect that Diamondback Energy, Inc. will post 18.83 EPS for the current year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th were paid a dividend of $3.08 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.84. This represents a $12.32 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date was Monday, March 4th. Diamondback Energy’s dividend payout ratio (DPR) is currently 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.