Jump Financial LLC Acquires 57,065 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Jump Financial LLC boosted its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 3,022.5% during the fourth quarter, Holdings Channel reports. The fund owned 58,953 shares of the oil and natural gas company’s stock after purchasing an additional 57,065 shares during the period. Jump Financial LLC’s holdings in Diamondback Energy were worth $9,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Boston Partners boosted its stake in Diamondback Energy by 12.4% in the 4th quarter. Boston Partners now owns 5,169,742 shares of the oil and natural gas company’s stock valued at $849,202,000 after purchasing an additional 571,820 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Diamondback Energy by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 4,710,165 shares of the oil and natural gas company’s stock worth $769,706,000 after buying an additional 91,605 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Diamondback Energy by 13.7% in the fourth quarter. Bank of New York Mellon Corp now owns 4,163,070 shares of the oil and natural gas company’s stock valued at $682,036,000 after acquiring an additional 502,916 shares during the period. Invesco Ltd. grew its stake in shares of Diamondback Energy by 12.6% in the fourth quarter. Invesco Ltd. now owns 3,086,468 shares of the oil and natural gas company’s stock valued at $505,656,000 after acquiring an additional 345,353 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in Diamondback Energy by 30.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,817,554 shares of the oil and natural gas company’s stock worth $461,600,000 after acquiring an additional 658,644 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insiders Place Their Bets

In related news, Director Frank D. Tsuru acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the acquisition, the director now owns 5,730 shares of the company’s stock, valued at approximately $896,802.30. This represents a 53.62 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.48% of the company’s stock.

Diamondback Energy Trading Down 0.4 %

Shares of FANG stock opened at $127.14 on Wednesday. The company has a market cap of $37.39 billion, a P/E ratio of 7.28, a PEG ratio of 1.24 and a beta of 1.44. Diamondback Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $214.50. The stock has a 50 day simple moving average of $148.66 and a two-hundred day simple moving average of $165.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.07. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. Research analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were paid a $1.00 dividend. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, March 6th. This represents a $4.00 annualized dividend and a dividend yield of 3.15%. Diamondback Energy’s dividend payout ratio is presently 25.32%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wolfe Research raised shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Friday, January 3rd. Raymond James reduced their price target on Diamondback Energy from $245.00 to $214.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, March 12th. Williams Trading set a $190.00 price objective on Diamondback Energy in a report on Wednesday, March 5th. Citigroup raised shares of Diamondback Energy from a “reduce” rating to a “buy” rating and raised their target price for the company from $157.00 to $180.00 in a report on Monday, April 7th. Finally, Barclays reduced their target price on Diamondback Energy from $210.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $208.17.

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.