3,485 Shares in Diamondback Energy, Inc. (NASDAQ:FANG) Bought by Investor s Fiduciary Advisor Network LLC

Investor s Fiduciary Advisor Network LLC bought a new stake in Diamondback Energy, Inc. (NASDAQ:FANG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,485 shares of the oil and natural gas company’s stock, valued at approximately $570,000.

Other hedge funds have also made changes to their positions in the company. Wintrust Investments LLC acquired a new stake in Diamondback Energy during the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new stake in shares of Diamondback Energy during the fourth quarter worth $29,000. UMB Bank n.a. grew 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 during the last quarter. Key Financial Inc increased its stake in Diamondback Energy by 940.0% in the 4th quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock valued at $34,000 after buying an additional 188 shares during the period. Finally, Transce3nd LLC purchased a new position in Diamondback Energy during the 4th quarter worth $38,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FANG. Mizuho lifted their target price on shares of Diamondback Energy from $201.00 to $204.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Williams Trading set a $190.00 target price on Diamondback Energy in a research report on Wednesday, March 5th. Evercore ISI assumed coverage on Diamondback Energy in a report on Tuesday, May 6th. They issued an “outperform” rating and a $165.00 price target for the company. Wells Fargo & Company dropped their price objective on Diamondback Energy from $215.00 to $207.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Finally, Bank of America upgraded shares of Diamondback Energy from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $202.00 to $170.00 in a research report on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $195.57.

Insiders Place Their Bets

In related news, Director Frank D. Tsuru acquired 2,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $156.51 per share, for a total transaction 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 legal filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

Diamondback Energy Stock Performance

Shares of NASDAQ FANG opened at $137.89 on Friday. The company has a 50-day simple moving average of $141.07 and a 200-day simple moving average of $159.24. 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 has a market cap of $40.29 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. Diamondback Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $214.50.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 EPS for the quarter, topping the consensus estimate of $3.67 by $0.87. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the previous year, the company earned $4.50 EPS. Diamondback Energy’s revenue for the quarter was up 81.8% on a year-over-year basis. On average, equities analysts anticipate that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, May 15th. This represents a $4.00 annualized dividend and a yield of 2.90%. Diamondback Energy’s dividend payout ratio (DPR) is presently 24.46%.

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.