4,033 Shares in Diamondback Energy, Inc. $FANG Bought by 111 Capital

111 Capital bought a new position in Diamondback Energy, Inc. (NASDAQ:FANG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,033 shares of the oil and natural gas company’s stock, valued at approximately $554,000.

Several other institutional investors have also recently bought and sold shares of FANG. Merit Financial Group LLC raised its holdings in Diamondback Energy by 35.5% in the 1st quarter. Merit Financial Group LLC now owns 3,137 shares of the oil and natural gas company’s stock worth $501,000 after acquiring an additional 822 shares during the period. KFG Wealth Management LLC raised its holdings in Diamondback Energy by 8.6% in the 1st quarter. KFG Wealth Management LLC now owns 1,787 shares of the oil and natural gas company’s stock worth $286,000 after acquiring an additional 142 shares during the period. Independence Bank of Kentucky raised its holdings in Diamondback Energy by 4.9% in the 1st quarter. Independence Bank of Kentucky now owns 4,468 shares of the oil and natural gas company’s stock worth $714,000 after acquiring an additional 207 shares during the period. Wedmont Private Capital increased its holdings in shares of Diamondback Energy by 5.2% during the 1st quarter. Wedmont Private Capital now owns 3,450 shares of the oil and natural gas company’s stock worth $552,000 after purchasing an additional 172 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Diamondback Energy by 172.8% during the 1st quarter. UMB Bank n.a. now owns 521 shares of the oil and natural gas company’s stock worth $83,000 after purchasing an additional 330 shares during the period. Institutional investors own 90.01% of the company’s stock.

Insider Buying and Selling

In other Diamondback Energy news, Chairman Travis D. Stice sold 20,400 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $142.80, for a total value of $2,913,120.00. Following the completion of the sale, the chairman owned 102,145 shares of the company’s stock, valued at approximately $14,586,306. This represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Diamondback Energy Trading Up 3.0%

FANG opened at $147.47 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.52. The company has a market cap of $42.69 billion, a price-to-earnings ratio of 10.48 and a beta of 1.04. The firm has a 50 day simple moving average of $142.86 and a 200 day simple moving average of $141.41. Diamondback Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $200.47.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, August 4th. The oil and natural gas company reported $2.67 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.05). Diamondback Energy had a net margin of 27.25% and a return on equity of 9.48%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the company posted $4.52 EPS. The firm’s revenue for the quarter was up 48.1% on a year-over-year basis. On average, sell-side analysts anticipate that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 14th. Diamondback Energy’s dividend payout ratio is presently 28.43%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FANG shares. Melius Research started coverage on shares of Diamondback Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $213.00 price objective on the stock. UBS Group boosted their price objective on shares of Diamondback Energy from $163.00 to $171.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Susquehanna dropped their price objective on shares of Diamondback Energy from $192.00 to $188.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their price objective on shares of Diamondback Energy from $210.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Finally, Scotiabank restated an “outperform” rating on shares of Diamondback Energy in a report on Friday, July 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $192.41.

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.