Headlands Technologies LLC Has $1.61 Million Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Headlands Technologies LLC raised its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 49.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,816 shares of the oil and natural gas company’s stock after purchasing an additional 3,261 shares during the quarter. Headlands Technologies LLC’s holdings in Diamondback Energy were worth $1,608,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Wintrust Investments LLC acquired a new position in Diamondback Energy in the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at about $29,000. UMB Bank n.a. increased its position in Diamondback Energy by 247.3% in the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 136 shares in the last quarter. Key Financial Inc raised its stake in Diamondback Energy by 940.0% during the 4th quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock worth $34,000 after buying an additional 188 shares during the period. Finally, Rakuten Securities Inc. grew its stake in Diamondback Energy by 62.4% in the fourth quarter. Rakuten Securities Inc. now owns 276 shares of the oil and natural gas company’s stock valued at $45,000 after acquiring an additional 106 shares during the period. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Trading Up 0.6 %

Shares of FANG stock opened at $160.87 on Wednesday. The stock has a market capitalization of $46.56 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 1.24 and a beta of 1.85. Diamondback Energy, Inc. has a 1 year low of $137.09 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 company’s fifty day simple moving average is $157.93 and its two-hundred day simple moving average is $169.57.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.57 by $0.07. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.55 billion. As a group, analysts anticipate that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were given a dividend of $1.00 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.90. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, March 6th. Diamondback Energy’s payout ratio is 25.32%.

Insider Transactions at Diamondback Energy

In other Diamondback Energy news, Director Frank D. Tsuru purchased 2,000 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $156.51 per share, with a total value of $313,020.00. Following the acquisition, the director now directly owns 5,730 shares in the company, valued at approximately $896,802.30. The trade was a 53.62 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays dropped their price objective on shares of Diamondback Energy from $210.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Piper Sandler dropped their price target on shares of Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Raymond James decreased their price objective on Diamondback Energy from $245.00 to $214.00 and set a “strong-buy” rating for the company in a report on Wednesday, March 12th. Morgan Stanley dropped their target price on Diamondback Energy from $227.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Citigroup lowered their price target on Diamondback Energy from $195.00 to $157.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Diamondback Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.33.

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.