By otakuyassine3@gmail.com 
Nilsine Partners LLC lifted its position in Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,056 shares of the oil and natural gas company’s stock after acquiring an additional 743 shares during the quarter. Nilsine Partners LLC’s holdings in Diamondback Energy were worth $3,122,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in FANG. Financial Advocates Investment Management lifted its position in Diamondback Energy by 3.0% during the 3rd quarter. Financial Advocates Investment Management now owns 1,907 shares of the oil and natural gas company’s stock worth $329,000 after acquiring an additional 55 shares during the period. Greenup Street Wealth Management LLC lifted its holdings in shares of Diamondback Energy by 3.4% during the third quarter. Greenup Street Wealth Management LLC now owns 1,817 shares of the oil and natural gas company’s stock worth $313,000 after purchasing an additional 60 shares during the period. Lakewood Asset Management LLC boosted its position in Diamondback Energy by 0.5% in the fourth quarter. Lakewood Asset Management LLC now owns 11,340 shares of the oil and natural gas company’s stock valued at $1,858,000 after buying an additional 60 shares during the last quarter. West Family Investments Inc. increased its holdings in Diamondback Energy by 3.4% in the 3rd quarter. West Family Investments Inc. now owns 1,852 shares of the oil and natural gas company’s stock worth $319,000 after buying an additional 61 shares during the period. Finally, CVA Family Office LLC raised its position in Diamondback Energy by 28.1% during the 3rd quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company’s stock worth $51,000 after buying an additional 65 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.
Diamondback Energy Stock Down 1.0 %
Shares of NASDAQ FANG opened at $171.60 on Tuesday. The stock has a market cap of $50.11 billion, a PE ratio of 9.82, a P/E/G ratio of 1.44 and a beta of 1.88. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 12-month low of $147.93 and a 12-month high of $214.50. The company has a 50-day moving average of $170.28 and a 200 day moving average of $181.97.
Diamondback Energy (NASDAQ:FANG – Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 EPS for the quarter, missing the consensus estimate of $4.62 by ($1.24). The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.43 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. Diamondback Energy’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $5.49 EPS. As a group, sell-side analysts predict that Diamondback Energy, Inc. will post 15.58 EPS for the current fiscal year.
Diamondback Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, November 14th. Diamondback Energy’s dividend payout ratio (DPR) is presently 20.61%.
Insider Activity
In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total transaction of $208,150.00. Following the completion of the transaction, the director now owns 4,712 shares of the company’s stock, valued at $852,872. This trade represents a 19.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.48% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on FANG. Citigroup started coverage on shares of Diamondback Energy in a report on Monday, October 14th. They issued a “neutral” rating and a $195.00 price objective on the stock. Evercore ISI cut their price target on Diamondback Energy from $235.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Wolfe Research raised 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. Royal Bank of Canada reiterated an “outperform” rating and set a $210.00 price target on shares of Diamondback Energy in a research report on Thursday, January 23rd. Finally, KeyCorp lowered their price objective on Diamondback Energy from $225.00 to $216.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Diamondback Energy currently has an average rating of “Moderate Buy” and an average price target of $215.00.
Read Our Latest Analysis on Diamondback Energy
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.
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