Savant Capital LLC Trims Position in Diamondback Energy, Inc. $FANG

Savant Capital LLC decreased its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 30.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,551 shares of the oil and natural gas company’s stock after selling 4,134 shares during the quarter. Savant Capital LLC’s holdings in Diamondback Energy were worth $1,436,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Scotia Capital Inc. increased its stake in Diamondback Energy by 0.3% during the third quarter. Scotia Capital Inc. now owns 19,719 shares of the oil and natural gas company’s stock worth $2,822,000 after acquiring an additional 68 shares during the last quarter. Equitable Trust Co. increased its stake in Diamondback Energy by 0.7% during the third quarter. Equitable Trust Co. now owns 10,030 shares of the oil and natural gas company’s stock worth $1,435,000 after acquiring an additional 73 shares during the last quarter. Townsend & Associates Inc increased its stake in Diamondback Energy by 0.5% during the fourth quarter. Townsend & Associates Inc now owns 14,330 shares of the oil and natural gas company’s stock worth $2,161,000 after acquiring an additional 75 shares during the last quarter. 180 Wealth Advisors LLC increased its stake in Diamondback Energy by 2.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 2,725 shares of the oil and natural gas company’s stock worth $410,000 after acquiring an additional 78 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake in Diamondback Energy by 1.8% during the fourth quarter. Fulton Bank N.A. now owns 4,400 shares of the oil and natural gas company’s stock worth $661,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FANG shares. Raymond James Financial reissued a “strong-buy” rating and set a $242.00 target price on shares of Diamondback Energy in a research note on Monday, April 27th. Scotiabank lifted their price objective on Diamondback Energy from $175.00 to $195.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. KeyCorp lifted their price objective on Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Barclays lifted their price objective on Diamondback Energy from $225.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen raised Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.26.

Diamondback Energy Trading Up 3.9%

FANG opened at $199.03 on Tuesday. Diamondback Energy, Inc. has a 12 month low of $134.30 and a 12 month high of $214.51. The stock has a market capitalization of $55.99 billion, a price-to-earnings ratio of 231.43 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The business has a fifty day moving average price of $195.45 and a 200 day moving average price of $172.34.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $3.74 by $0.49. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.Diamondback Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.54 EPS. Sell-side analysts expect that Diamondback Energy, Inc. will post 19.54 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a dividend of $1.10 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.2%. Diamondback Energy’s dividend payout ratio (DPR) is presently 511.63%.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, EVP Matt Zmigrosky sold 5,000 shares of Diamondback Energy stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $200.10, for a total transaction of $1,000,500.00. Following the completion of the sale, the executive vice president directly owned 51,392 shares of the company’s stock, valued at $10,283,539.20. The trade was a 8.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Alvin Meloy sold 7,857 shares of Diamondback Energy stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $189.20, for a total value of $1,486,544.40. Following the sale, the director directly owned 942,721 shares of the company’s stock, valued at $178,362,813.20. This trade represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 174,321 shares of company stock worth $32,090,475 over the last three months. Company insiders own 0.64% of the company’s stock.

Diamondback Energy Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.