WMS Partners LLC raised its holdings in shares of Diamondback Energy, Inc. (NASDAQ: FANG – Get Rating) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,130 shares of the oil and natural gas company stock after purchasing an additional 130 shares during the quarter. WMS Partners LLC’s holdings in Diamondback Energy were worth $ 445,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Wetherby Asset Management Inc. raised its holdings in shares of Diamondback Energy by 1.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 5,774 shares of the oil and natural gas company stock valued at $ 622,000 after acquiring an additional 77 shares in the last quarter. Heartland Bank & Trust Co raised its holdings in shares of Diamondback Energy by 1.9% in the fourth quarter. Heartland Bank & Trust Co now owns 4,131 shares of the oil and natural gas company stock valued at $ 446,000 after acquiring an additional 78 shares in the last quarter. Mackay Shields LLC raised its holdings in shares of Diamondback Energy by 0.3% in the fourth quarter. Mackay Shields LLC now owns 25,609 shares of oil and natural gas company stock valued at $ 2,762,000 after acquiring an additional 78 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in shares of Diamondback Energy by 0.6% in the fourth quarter. Toth Financial Advisory Corp now owns 14,455 shares of oil and natural gas company stock valued at $ 1,559,000 after acquiring an additional 80 shares in the last quarter. Finally, Advisor Partners LLC raised its holdings in shares of Diamondback Energy by 1.2% in the fourth quarter. Advisor Partners LLC now owns 8,299 shares of the oil and natural gas company stock valued at $ 895,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company stock.
In other Diamondback Energy news, CFO Hof Matthew Kaes Van’t sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $ 160.00, for a total value of $ 960,000.00. Following the completion of the transaction, the chief financial officer now directly owns 61,334 shares of the company stock, valued at $ 9,813,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Teresa L. Dick sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $ 140.03, for a total value of $ 350,075.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,000 shares of company stock worth $ 7,931,045. 0.43% of the stock is owned by insiders.
FANG has been the subject of a number of recent research reports. TheStreet upgraded shares of Diamondback Energy from a “c +” rating to a “b” rating in a report on Tuesday, February 22nd. StockNews.com initiated coverage on shares of Diamondback Energy in a report on Thursday, March 31st. They issued a “buy” rating for the company. Barclays boosted their target price on shares of Diamondback Energy from $ 160.00 to $ 180.00 and gave the stock an “overweight” rating in a report on Tuesday. Piper Sandler boosted their target price on shares of Diamondback Energy from $ 188.00 to $ 196.00 and gave the stock an “overweight” rating in a report on Friday, June 10th. Finally, Morgan Stanley reduced their target price on shares of Diamondback Energy from $ 184.00 to $ 178.00 and set an “overweight” rating for the company in a report on Monday, June 6th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $ 167.35.
Shares of NASDAQ FANG opened at $ 133.68 on Friday. The business’s 50 day moving average price is $ 139.70 and its 200 day moving average price is $ 129.81. The firm has a market cap of $ 23.73 billion, a P / E ratio of 8.81, a P / E / G ratio of 0.27 and a beta of 2.18. Diamondback Energy, Inc. has a 52 week low of $ 65.93 and a 52 week high of $ 162.24. The company has a quick ratio of 0.69, a current ratio of 0.72 and a debt-to-equity ratio of 0.42.
Diamondback Energy (NASDAQ: FANG – Get Rating) last issued its earnings results on Monday, May 2nd. The oil and natural gas company reported $ 5.20 EPS for the quarter, beating analysts’ consensus estimates of $ 4.74 by $ 0.46. The firm had revenue of $ 2.41 billion for the quarter, compared to analyst estimates of $ 1.93 billion. Diamondback Energy had a return on equity of 19.91% and a net margin of 34.17%. During the same quarter in the prior year, the firm earned $ 2.30 earnings per share. As a group, research analysts expect that Diamondback Energy, Inc. will post 26.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 23rd. Investors of record on Thursday, May 12th were given a $ 0.70 dividend. The ex-dividend date of this dividend was Wednesday, May 11th. This represents a $ 2.80 dividend on an annualized basis and a yield of 2.09%. This is a positive change from Diamondback Energy’s previous quarterly dividend of $ 0.60. Diamondback Energy’s dividend payout ratio is currently 18.46%.
Diamondback Energy Company Profile: (Get Rating)
Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and 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.
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