Sanctuary Advisors LLC Has $9.16 Million Stock Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Sanctuary Advisors LLC increased its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,411 shares of the oil and natural gas company’s stock after buying an additional 176 shares during the quarter. Sanctuary Advisors LLC’s holdings in Diamondback Energy were worth $9,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB increased its position in shares of Diamondback Energy by 188.8% during the 2nd quarter. Swedbank AB now owns 91,562 shares of the oil and natural gas company’s stock valued at $18,330,000 after purchasing an additional 59,855 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Diamondback Energy by 1,108.8% in the second quarter. Assenagon Asset Management S.A. now owns 55,630 shares of the oil and natural gas company’s stock worth $11,137,000 after acquiring an additional 51,028 shares during the period. Blue Trust Inc. boosted its stake in Diamondback Energy by 8.3% in the second quarter. Blue Trust Inc. now owns 2,452 shares of the oil and natural gas company’s stock valued at $486,000 after acquiring an additional 188 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Diamondback Energy by 3.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 671,921 shares of the oil and natural gas company’s stock worth $134,512,000 after purchasing an additional 25,491 shares during the last quarter. Finally, Kavar Capital Partners Group LLC bought a new stake in shares of Diamondback Energy in the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Up 0.7 %

Shares of NASDAQ:FANG opened at $163.34 on Friday. Diamondback Energy, Inc. has a 1 year low of $147.93 and a 1 year high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The stock’s 50-day moving average is $179.49 and its 200 day moving average is $187.97. The company has a market cap of $47.69 billion, a PE ratio of 9.35, a P/E/G ratio of 1.21 and a beta of 1.88.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 EPS for the quarter, missing the consensus estimate of $4.62 by ($1.24). The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.43 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $5.49 earnings per share. Sell-side analysts anticipate that Diamondback Energy, Inc. will post 16.28 EPS for the current year.

Diamondback Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.20%. Diamondback Energy’s payout ratio is 20.61%.

Insider Transactions at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total transaction of $208,150.00. Following the completion of the transaction, the director now directly owns 4,712 shares in the company, valued at approximately $852,872. This trade represents a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Lyndal Greth sold 13,212,830 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $175.11, for a total value of $2,313,698,661.30. Following the completion of the sale, the insider now owns 1,037,819 shares in the company, valued at $181,732,485.09. The trade was a 92.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

FANG has been the subject of several research reports. The Goldman Sachs Group initiated coverage on Diamondback Energy in a report on Monday, December 2nd. They set a “buy” rating and a $227.00 price objective for the company. Piper Sandler lifted their target price on shares of Diamondback Energy from $240.00 to $252.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Citigroup began coverage on Diamondback Energy in a research note on Monday, October 14th. They set a “neutral” rating and a $195.00 price objective on the stock. StockNews.com upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $210.00 target price on shares of Diamondback Energy in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Diamondback Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.17.

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.