Diamondback Energy, Inc. (NASDAQ:FANG) Shares Acquired by Allen Capital Group LLC

Allen Capital Group LLC boosted its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 11.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 10,270 shares of the oil and natural gas company’s stock after acquiring an additional 1,068 shares during the quarter. Allen Capital Group LLC’s holdings in Diamondback Energy were worth $1,683,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FANG. Franklin Resources Inc. increased its holdings in Diamondback Energy by 48.5% in the third quarter. Franklin Resources Inc. now owns 146,870 shares of the oil and natural gas company’s stock valued at $28,008,000 after buying an additional 47,951 shares in the last quarter. Benjamin Edwards Inc. raised its position in Diamondback Energy by 368.1% during the third quarter. Benjamin Edwards Inc. now owns 9,784 shares of the oil and natural gas company’s stock worth $1,687,000 after acquiring an additional 7,694 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Diamondback Energy during the fourth quarter worth $1,053,000. Geode Capital Management LLC boosted its holdings in shares of Diamondback Energy by 6.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,618,560 shares of the oil and natural gas company’s stock worth $793,611,000 after purchasing an additional 266,299 shares during the last quarter. Finally, Atria Investments Inc boosted its position in shares of Diamondback Energy by 18.5% during the 3rd quarter. Atria Investments Inc now owns 42,678 shares of the oil and natural gas company’s stock worth $7,358,000 after purchasing an additional 6,672 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $169.23 on Wednesday. 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 has a market capitalization of $49.41 billion, a P/E ratio of 9.65, a P/E/G ratio of 1.44 and a beta of 1.88. The business has a 50-day moving average of $169.86 and a two-hundred day moving average of $181.48. Diamondback Energy, Inc. has a fifty-two week low of $147.93 and a fifty-two week high of $214.50.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $4.62 by ($1.24). The firm 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%. Diamondback Energy’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.49 EPS. On average, equities research analysts predict that Diamondback Energy, Inc. will post 15.58 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders 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 dividend yield of 2.13%. Diamondback Energy’s dividend payout ratio (DPR) is currently 20.61%.

Insider Buying and Selling

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of the company’s 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 transaction, the director now directly owns 4,712 shares in the company, valued at approximately $852,872. This represents a 19.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FANG shares. Piper Sandler lowered their target price on shares of Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Barclays upgraded shares of Diamondback Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $216.00 to $210.00 in a research note on Wednesday, October 2nd. StockNews.com raised Diamondback Energy from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Mizuho cut their price target on Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Finally, UBS Group lowered their price objective on shares of Diamondback Energy from $235.00 to $212.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. Four investment 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $215.00.

Diamondback Energy Company 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.