Diamondback Energy, Inc. (NASDAQ:FANG – Get Free Report) EVP Matt Zmigrosky sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $200.10, for a total transaction of $1,000,500.00. Following the transaction, the executive vice president owned 51,392 shares of the company’s stock, valued at $10,283,539.20. This represents a 8.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Matt Zmigrosky also recently made the following trade(s):
- On Wednesday, March 18th, Matt Zmigrosky sold 4,101 shares of Diamondback Energy stock. The stock was sold at an average price of $190.51, for a total transaction of $781,281.51.
- On Friday, March 13th, Matt Zmigrosky sold 20,899 shares of Diamondback Energy stock. The stock was sold at an average price of $180.00, for a total transaction of $3,761,820.00.
Diamondback Energy Stock Down 0.4%
Diamondback Energy stock opened at $200.26 on Friday. The company has a 50-day simple moving average of $191.19 and a 200-day simple moving average of $167.51. The firm has a market capitalization of $56.34 billion, a P/E ratio of 232.86 and a beta of 0.46. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.55 and a current ratio of 0.56. Diamondback Energy, Inc. has a one year low of $132.20 and a one year high of $214.51.
Diamondback Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 14th will be given a $1.10 dividend. The ex-dividend date is Thursday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.2%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s payout ratio is currently 488.37%.
Institutional Investors Weigh In On Diamondback Energy
Institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners lifted its stake in Diamondback Energy by 2.9% during the third quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock valued at $821,649,000 after buying an additional 163,548 shares in the last quarter. Geode Capital Management LLC lifted its stake in Diamondback Energy by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 5,621,120 shares of the oil and natural gas company’s stock valued at $844,073,000 after buying an additional 14,625 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Diamondback Energy by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 5,159,365 shares of the oil and natural gas company’s stock valued at $775,607,000 after buying an additional 532,756 shares in the last quarter. Capital Research Global Investors lifted its stake in Diamondback Energy by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,332,885 shares of the oil and natural gas company’s stock valued at $651,363,000 after buying an additional 534,073 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Diamondback Energy by 3.2% during the fourth quarter. Morgan Stanley now owns 3,828,941 shares of the oil and natural gas company’s stock valued at $575,605,000 after buying an additional 117,798 shares in the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on FANG shares. Morgan Stanley increased their target price on shares of Diamondback Energy from $220.00 to $224.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. The Goldman Sachs Group increased their target price on shares of Diamondback Energy from $187.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Jefferies Financial Group reiterated a “hold” rating and issued a $173.00 target price on shares of Diamondback Energy in a research report on Monday, January 19th. Freedom Capital upgraded shares of Diamondback Energy to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $205.00 target price on shares of Diamondback Energy in a research report on Tuesday, May 5th. Five investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Diamondback Energy has an average rating of “Buy” and an average price target of $218.25.
View Our Latest Report on Diamondback Energy
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.
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