MassMutual Private Wealth & Trust FSB Has $121,000 Stock Holdings in Diamondback Energy, Inc. $FANG

MassMutual Private Wealth & Trust FSB trimmed its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 86.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 847 shares of the oil and natural gas company’s stock after selling 5,264 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Diamondback Energy were worth $121,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Creekmur Asset Management LLC acquired a new position in shares of Diamondback Energy in the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in Diamondback Energy during the second quarter valued at approximately $29,000. Salomon & Ludwin LLC acquired a new position in Diamondback Energy in the 3rd quarter valued at approximately $31,000. Estabrook Capital Management purchased a new stake in Diamondback Energy in the 2nd quarter worth approximately $41,000. Finally, City Holding Co. purchased a new stake in Diamondback Energy in the 3rd quarter worth approximately $43,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Diamondback Energy

In related news, Director Charles Alvin Meloy sold 377,911 shares of Diamondback Energy stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $138.61, for a total value of $52,382,243.71. Following the transaction, the director owned 1,044,864 shares in the company, valued at $144,828,599.04. This trade represents a 26.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.70% of the company’s stock.

Diamondback Energy Stock Performance

FANG opened at $147.41 on Friday. The company has a market cap of $42.22 billion, a PE ratio of 10.24 and a beta of 0.59. The stock has a 50-day moving average of $149.33 and a 200-day moving average of $144.87. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $180.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 0.62.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.14. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.48 billion. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The firm’s revenue was up 48.4% compared to the same quarter last year. During the same period last year, the business earned $3.19 EPS. As a group, equities research analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were paid a $1.00 dividend. The ex-dividend date was Thursday, November 13th. This represents a $4.00 dividend on an annualized basis and a yield of 2.7%. Diamondback Energy’s dividend payout ratio (DPR) is presently 27.80%.

Analyst Ratings Changes

A number of research firms have recently weighed in on FANG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Diamondback Energy in a research note on Monday, December 29th. Wall Street Zen downgraded Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Citigroup dropped their target price on Diamondback Energy from $180.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday. Susquehanna reduced their price target on Diamondback Energy to $188.00 and set a “positive” rating for the company in a report on Monday, October 20th. Finally, Evercore ISI increased their price objective on Diamondback Energy from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. One research analyst has 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, Diamondback Energy presently has a consensus rating of “Buy” and an average target price of $188.67.

Diamondback Energy Company Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.