Diamondback Energy, Inc. (NASDAQ:FANG) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,605 shares of the oil and natural gas company’s stock after purchasing an additional 137 shares during the quarter. Signaturefd LLC’s holdings in Diamondback Energy were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in Diamondback Energy in the fourth quarter valued at $27,000. BluePath Capital Management LLC acquired a new stake in Diamondback Energy during the third quarter worth about $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Diamondback Energy in the 4th quarter worth about $34,000. CVA Family Office LLC purchased a new position in shares of Diamondback Energy in the 4th quarter worth about $35,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings 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 during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy Price Performance

Shares of FANG opened at $205.24 on Thursday. The firm has a market cap of $36.60 billion, a price-to-earnings ratio of 11.84 and a beta of 1.93. The stock has a 50 day moving average of $192.11 and a 200-day moving average of $168.87. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.38. Diamondback Energy, Inc. has a 52 week low of $123.41 and a 52 week high of $211.96.

Diamondback Energy (NASDAQ:FANG) last issued 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 company had revenue of $2.23 billion during the quarter, compared to analyst estimates 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 firm earned $5.29 EPS. As a group, analysts forecast that Diamondback Energy, Inc. will post 18.84 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were given a $3.08 dividend. This is a positive change 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 6.00%. Diamondback Energy’s dividend payout ratio (DPR) is presently 20.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Raymond James cut their price objective on Diamondback Energy from $190.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Mizuho raised their price objective on Diamondback Energy from $200.00 to $217.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Piper Sandler raised their price objective on Diamondback Energy from $227.00 to $247.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Evercore ISI raised their price objective on Diamondback Energy from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Finally, UBS Group raised their target price on Diamondback Energy from $183.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.53.

Insider Transactions at Diamondback Energy

In related news, CFO Hof Matthew Kaes Van’t sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Hof Matthew Kaes Van’t sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Teresa L. Dick sold 2,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $18,532,416. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,675 shares of company stock worth $11,311,096. 0.43% of the stock is currently owned by corporate insiders.

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.