1,666 Shares in Diamondback Energy, Inc. $FANG Acquired by Abel Hall LLC

Abel Hall LLC purchased a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,666 shares of the oil and natural gas company’s stock, valued at approximately $229,000.

A number of other large investors have also bought and sold shares of FANG. Merit Financial Group LLC grew its position in Diamondback Energy by 35.5% during 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 last quarter. UMB Bank n.a. grew its position in 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 acquiring an additional 330 shares during the last quarter. Farther Finance Advisors LLC grew its position in Diamondback Energy by 36.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,085 shares of the oil and natural gas company’s stock worth $174,000 after acquiring an additional 287 shares during the last quarter. SG Americas Securities LLC grew its position in Diamondback Energy by 17.2% during the 1st quarter. SG Americas Securities LLC now owns 50,450 shares of the oil and natural gas company’s stock worth $8,066,000 after acquiring an additional 7,407 shares during the last quarter. Finally, Integrated Advisors Network LLC grew its position in Diamondback Energy by 7.2% during the 1st quarter. Integrated Advisors Network LLC now owns 2,800 shares of the oil and natural gas company’s stock worth $448,000 after acquiring an additional 187 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.

Diamondback Energy Stock Performance

FANG stock opened at $149.07 on Thursday. The business’s fifty day moving average is $142.72 and its 200-day moving average is $141.45. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. The company has a market cap of $43.15 billion, a P/E ratio of 10.59 and a beta of 1.04. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $197.68.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, August 4th. The oil and natural gas company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.05). The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.35 billion. Diamondback Energy had a net margin of 27.25% and a return on equity of 9.48%. The business’s revenue for the quarter was up 48.1% compared to the same quarter last year. During the same period last year, the company earned $4.52 EPS. Equities research analysts forecast that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Announces Dividend

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

Insider Buying and Selling at Diamondback Energy

In related news, Chairman Travis D. Stice sold 20,400 shares of the company’s stock in a transaction 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 in the company, valued at $14,586,306. This represents a 16.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FANG shares. Susquehanna decreased their price target on Diamondback Energy from $192.00 to $188.00 and set a “positive” rating on the stock in a research report on Wednesday, July 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Diamondback Energy in a report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Diamondback Energy in a report on Wednesday. Morgan Stanley upped their price objective on Diamondback Energy from $184.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Finally, Melius Research initiated coverage on Diamondback Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $213.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $192.55.

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.