Natixis Advisors L.P. Purchases 23,462 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Natixis Advisors L.P. lifted its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 20.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,494 shares of the oil and natural gas company’s stock after acquiring an additional 23,462 shares during the quarter. Natixis Advisors L.P. owned 0.08% of Diamondback Energy worth $21,322,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new stake in Diamondback Energy in the fourth quarter worth about $27,000. BluePath Capital Management LLC purchased a new position in Diamondback Energy during the 3rd quarter worth $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in Diamondback Energy during the 4th quarter valued at $34,000. CVA Family Office LLC purchased a new stake in shares of Diamondback Energy in the 4th quarter worth $35,000. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of Diamondback Energy by 559.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 257 shares of the oil and natural gas company’s stock worth $40,000 after buying an additional 218 shares in the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Teresa L. Dick sold 2,000 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $192.00, for a total transaction of $384,000.00. Following the transaction, the chief accounting officer now owns 96,523 shares in the company, valued at $18,532,416. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Travis D. Stice sold 30,000 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $200.00, for a total transaction of $6,000,000.00. Following the transaction, the chief executive officer now owns 446,610 shares in the company, valued at $89,322,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Teresa L. Dick sold 2,000 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $192.00, for a total value of $384,000.00. Following the transaction, the chief accounting officer now owns 96,523 shares in the company, valued at approximately $18,532,416. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,675 shares of company stock worth $11,311,096. 0.43% of the stock is owned by corporate insiders.

Diamondback Energy Stock Up 2.0 %

Diamondback Energy stock opened at $201.50 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.37. Diamondback Energy, Inc. has a 52 week low of $123.41 and a 52 week high of $211.96. The business’s 50-day moving average price is $195.49 and its 200 day moving average price is $170.84. The firm has a market cap of $35.94 billion, a price-to-earnings ratio of 11.36 and a beta of 1.91.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Tuesday, April 30th. The oil and natural gas company reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.29 by $0.21. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.10 billion. Diamondback Energy had a return on equity of 19.36% and a net margin of 36.71%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.10 earnings per share. As a group, sell-side analysts anticipate that Diamondback Energy, Inc. will post 18.91 earnings per share for the current year.

Diamondback Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 15th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, May 14th. Diamondback Energy’s dividend payout ratio is presently 20.29%.

Wall Street Analyst Weigh In

FANG has been the topic of several recent research reports. Susquehanna increased their target price on shares of Diamondback Energy from $212.00 to $245.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. UBS Group boosted their price objective on shares of Diamondback Energy from $183.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Wells Fargo & Company lowered their target price on Diamondback Energy from $227.00 to $224.00 and set an “overweight” rating for the company in a report on Thursday. Truist Financial boosted their price target on Diamondback Energy from $248.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Evercore ISI boosted their price target on Diamondback Energy from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.37.

About Diamondback Energy

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.