J.W. Cole Advisors Inc. Grows Stock Position in Diamondback Energy, Inc. (NASDAQ:FANG)

J.W. Cole Advisors Inc. increased its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,796 shares of the oil and natural gas company’s stock after buying an additional 82 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Diamondback Energy were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new position in Diamondback Energy during the fourth quarter worth about $27,000. BluePath Capital Management LLC acquired a new stake in shares of Diamondback Energy in the third quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Diamondback Energy in the fourth quarter valued at about $34,000. CVA Family Office LLC acquired a new stake in shares of Diamondback Energy in the fourth quarter valued at about $35,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of 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 buying an additional 218 shares in the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, CAO Teresa L. Dick sold 2,000 shares of Diamondback Energy stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $192.00, for a total transaction of $384,000.00. Following the sale, the chief accounting officer now owns 96,523 shares of the company’s stock, valued at approximately $18,532,416. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 transaction, the chief executive officer now directly owns 446,610 shares in the company, valued at approximately $89,322,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Teresa L. Dick sold 2,000 shares of Diamondback Energy stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $192.00, for a total value of $384,000.00. Following the transaction, the chief accounting officer now owns 96,523 shares in the company, valued at $18,532,416. The disclosure for this sale can be found here. Insiders have sold 57,675 shares of company stock valued at $11,311,096 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FANG shares. Scotiabank increased their target price on Diamondback Energy from $210.00 to $255.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Royal Bank of Canada restated an “outperform” rating and set a $195.00 price objective on shares of Diamondback Energy in a research note on Monday, March 4th. Raymond James lowered their price objective on Diamondback Energy from $190.00 to $185.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. UBS Group raised their price objective on Diamondback Energy from $183.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, Truist Financial raised their price objective on Diamondback Energy from $248.00 to $250.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $202.53.

Diamondback Energy Trading Up 0.9 %

Shares of NASDAQ FANG opened at $204.37 on Wednesday. The company has a market cap of $36.45 billion, a price-to-earnings ratio of 11.79 and a beta of 1.93. Diamondback Energy, Inc. has a 12-month low of $123.41 and a 12-month 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 stock’s 50 day simple moving average is $191.41 and its 200 day simple moving average is $168.61.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Tuesday, February 20th. The oil and natural gas company reported $4.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.61 by $0.13. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. Diamondback Energy had a return on equity of 19.56% and a net margin of 37.36%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $5.29 EPS. Equities research analysts expect that Diamondback Energy, Inc. will post 18.53 EPS for the current year.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th were issued a $3.08 dividend. This is an increase from Diamondback Energy’s previous quarterly dividend of $0.84. The ex-dividend date was Monday, March 4th. This represents a $12.32 annualized dividend and a dividend yield of 6.03%. Diamondback Energy’s dividend payout ratio (DPR) is 20.76%.

Diamondback Energy 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.