Diamondback Energy, Inc. $FANG Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 35.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 493,958 shares of the oil and natural gas company’s stock after purchasing an additional 129,603 shares during the period. Rockefeller Capital Management L.P.’s holdings in Diamondback Energy were worth $74,257,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FANG. Flagship Harbor Advisors LLC acquired a new position in Diamondback Energy during the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. boosted its holdings in shares of Diamondback Energy by 245.1% in the fourth quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in shares of Diamondback Energy in the fourth quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of Diamondback Energy during the third quarter worth approximately $26,000. Finally, Wellington Shields & Co. LLC grew its position in shares of Diamondback Energy by 264.7% during the fourth quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 135 shares during the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $183.50 on Friday. The business’s 50 day moving average is $195.03 and its two-hundred day moving average is $176.66. Diamondback Energy, Inc. has a twelve month low of $134.30 and a twelve month high of $214.51. The company has a market capitalization of $51.62 billion, a P/E ratio of 213.37 and a beta of 0.42. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $3.74 by $0.49. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the business earned $4.54 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts forecast that Diamondback Energy, Inc. will post 19.92 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a $1.10 dividend. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.4%. Diamondback Energy’s payout ratio is 511.63%.

Analyst Ratings Changes

A number of equities analysts have recently commented on FANG shares. Wells Fargo & Company lifted their target price on shares of Diamondback Energy from $202.00 to $262.00 and gave the company an “overweight” rating in a report on Monday, April 20th. The Goldman Sachs Group increased their price target on shares of Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Diamondback Energy in a research report on Wednesday, May 27th. UBS Group lifted their price objective on shares of Diamondback Energy from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $205.00 target price on shares of Diamondback Energy in a report on Tuesday, May 5th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.63.

Insider Activity

In other news, CAO Teresa L. Dick sold 7,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $200.90, for a total value of $1,406,300.00. Following the completion of the sale, the chief accounting officer owned 85,755 shares in the company, valued at approximately $17,228,179.50. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Lawrence Plaumann sold 500 shares of Diamondback Energy stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total transaction of $98,250.00. Following the completion of the sale, the director directly owned 13,437 shares in the company, valued at approximately $2,640,370.50. The trade was a 3.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 121,548 shares of company stock valued at $23,146,460. 0.64% of the stock is owned by corporate insiders.

Diamondback Energy 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.