6,643 Shares in Diamondback Energy, Inc. $FANG Acquired by Highview Capital Management LLC DE

Highview Capital Management LLC DE bought a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,643 shares of the oil and natural gas company’s stock, valued at approximately $913,000.

Several other hedge funds have also recently added to or reduced their stakes in FANG. Uhlmann Price Securities LLC lifted its position in shares of Diamondback Energy by 1.3% during the 2nd quarter. Uhlmann Price Securities LLC now owns 5,090 shares of the oil and natural gas company’s stock valued at $699,000 after acquiring an additional 67 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Diamondback Energy by 5.6% during the first quarter. Mesirow Financial Investment Management Inc. now owns 1,414 shares of the oil and natural gas company’s stock worth $226,000 after purchasing an additional 75 shares during the period. FourThought Financial Partners LLC raised its position in shares of Diamondback Energy by 2.9% during the first quarter. FourThought Financial Partners LLC now owns 2,779 shares of the oil and natural gas company’s stock worth $444,000 after purchasing an additional 78 shares during the period. Biondo Investment Advisors LLC lifted its holdings in shares of Diamondback Energy by 0.3% during the first quarter. Biondo Investment Advisors LLC now owns 28,858 shares of the oil and natural gas company’s stock valued at $4,614,000 after purchasing an additional 80 shares during the last quarter. Finally, STF Management LP lifted its stake in Diamondback Energy by 1.9% during the second quarter. STF Management LP now owns 4,490 shares of the oil and natural gas company’s stock valued at $617,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Roth Capital set a $162.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Evercore ISI lifted their price objective on shares of Diamondback Energy from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Mizuho cut their target price on shares of Diamondback Energy from $183.00 to $176.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Susquehanna decreased their target price on Diamondback Energy to $188.00 and set a “positive” rating for the company in a research report on Monday, October 20th. Finally, Wall Street Zen upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Diamondback Energy presently has an average rating of “Buy” and an average target price of $188.82.

Diamondback Energy Trading Up 2.2%

Shares of NASDAQ:FANG opened at $149.58 on Wednesday. The firm has a fifty day moving average of $142.96 and a two-hundred day moving average of $142.33. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. Diamondback Energy, Inc. has a 12-month low of $114.00 and a 12-month high of $186.07. The firm has a market capitalization of $42.86 billion, a P/E ratio of 10.39 and a beta of 0.99.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share for the quarter, topping 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 net margin of 27.32% and a return on equity of 9.57%. Diamondback Energy’s revenue for the quarter was up 48.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.19 earnings per share. On average, equities analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, November 13th. Diamondback Energy’s payout ratio is currently 27.80%.

Diamondback Energy 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.