Diamondback Energy, Inc. $FANG Shares Sold by Kempner Capital Management Inc.

Kempner Capital Management Inc. reduced its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 47.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,166 shares of the oil and natural gas company’s stock after selling 4,649 shares during the quarter. Kempner Capital Management Inc.’s holdings in Diamondback Energy were worth $739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Woodmont Investment Counsel LLC grew its position in shares of Diamondback Energy by 1,123.0% in the second quarter. Woodmont Investment Counsel LLC now owns 43,515 shares of the oil and natural gas company’s stock valued at $5,979,000 after purchasing an additional 39,957 shares in the last quarter. NorthRock Partners LLC boosted its stake in Diamondback Energy by 181.6% during the second quarter. NorthRock Partners LLC now owns 3,551 shares of the oil and natural gas company’s stock worth $488,000 after buying an additional 2,290 shares during the last quarter. Shell Asset Management Co. boosted its stake in Diamondback Energy by 22.9% during the second quarter. Shell Asset Management Co. now owns 12,998 shares of the oil and natural gas company’s stock worth $1,786,000 after buying an additional 2,423 shares during the last quarter. Vantage Investment Partners LLC grew its holdings in Diamondback Energy by 4.4% in the 2nd quarter. Vantage Investment Partners LLC now owns 83,184 shares of the oil and natural gas company’s stock valued at $11,429,000 after buying an additional 3,476 shares in the last quarter. Finally, Forte Capital LLC ADV increased its stake in shares of Diamondback Energy by 11.3% in the 2nd quarter. Forte Capital LLC ADV now owns 48,237 shares of the oil and natural gas company’s stock worth $6,628,000 after acquiring an additional 4,911 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Trading Down 0.4%

Shares of FANG stock opened at $146.31 on Friday. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $180.91. The firm has a market cap of $41.90 billion, a PE ratio of 10.17 and a beta of 0.63. The company has a 50-day moving average of $148.38 and a two-hundred day moving average of $144.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.60.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 3rd. The oil and natural gas company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.94 by $0.14. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.48 billion. Diamondback Energy had a net margin of 27.32% and a return on equity of 9.57%. The business’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 EPS. On average, analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given 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 was Thursday, November 13th. Diamondback Energy’s dividend payout ratio (DPR) is currently 27.80%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FANG. KeyCorp lowered their price target on shares of Diamondback Energy from $180.00 to $176.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Wall Street Zen downgraded shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Scotiabank reissued an “outperform” rating on shares of Diamondback Energy in a research note on Thursday, October 9th. Wells Fargo & Company raised their price target on shares of Diamondback Energy from $160.00 to $169.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Diamondback Energy in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $188.76.

Insider Buying and Selling at Diamondback Energy

In other news, Director Charles Alvin Meloy sold 377,911 shares of Diamondback Energy stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $138.61, for a total value of $52,382,243.71. Following the completion of the sale, the director directly owned 1,044,864 shares of the company’s stock, valued at approximately $144,828,599.04. The trade was a 26.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

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.