Diamondback Energy, Inc. (NASDAQ:FANG) Shares Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. increased its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 20.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 424 shares of the oil and natural gas company’s stock after purchasing an additional 73 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Diamondback Energy were worth $84,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FANG. Wedmont Private Capital raised its position in Diamondback Energy by 15.0% during the fourth quarter. Wedmont Private Capital now owns 2,817 shares of the oil and natural gas company’s stock worth $439,000 after acquiring an additional 367 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of Diamondback Energy by 7.9% in the fourth quarter. Cornerstone Wealth Management LLC now owns 3,972 shares of the oil and natural gas company’s stock worth $616,000 after acquiring an additional 290 shares during the last quarter. Strategic Investment Advisors MI purchased a new stake in shares of Diamondback Energy during the fourth quarter worth $731,000. BKM Wealth Management LLC acquired a new stake in shares of Diamondback Energy in the fourth quarter valued at about $27,000. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Diamondback Energy by 76.4% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 2,761 shares of the oil and natural gas company’s stock worth $431,000 after buying an additional 1,196 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on FANG shares. KeyCorp assumed coverage on Diamondback Energy in a report on Thursday, June 27th. They set an “overweight” rating and a $225.00 target price on the stock. Morgan Stanley reduced their target price on shares of Diamondback Energy from $186.00 to $184.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Stifel Nicolaus raised their price target on shares of Diamondback Energy from $224.00 to $229.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Truist Financial lifted their price target on shares of Diamondback Energy from $248.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Wells Fargo & Company lowered their price objective on Diamondback Energy from $227.00 to $224.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Diamondback Energy currently has an average rating of “Moderate Buy” and an average target price of $208.50.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, VP Jere W. Thompson III sold 900 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $199.90, for a total transaction of $179,910.00. Following the completion of the transaction, the vice president now owns 7,585 shares in the company, valued at approximately $1,516,241.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Diamondback Energy news, VP Jere W. Thompson III sold 900 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $199.90, for a total value of $179,910.00. Following the sale, the vice president now directly owns 7,585 shares in the company, valued at $1,516,241.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Daniel N. Wesson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $197.14, for a total value of $1,182,840.00. Following the transaction, the chief operating officer now directly owns 69,677 shares of the company’s stock, valued at $13,736,123.78. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Diamondback Energy Stock Up 0.9 %

Diamondback Energy stock traded up $1.88 during mid-day trading on Wednesday, reaching $210.94. 1,484,928 shares of the company’s stock were exchanged, compared to its average volume of 1,598,987. The company has a fifty day moving average of $197.49 and a 200-day moving average of $186.09. The company has a market cap of $37.62 billion, a P/E ratio of 11.89, a P/E/G ratio of 1.16 and a beta of 1.90. 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 twelve month low of $135.18 and a twelve month high of $214.50.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, April 30th. The oil and natural gas company reported $4.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $0.21. Diamondback Energy had a return on equity of 19.36% and a net margin of 36.71%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the business posted $4.10 earnings per share. Diamondback Energy’s revenue was up 15.7% compared to the same quarter last year. Sell-side analysts expect that Diamondback Energy, Inc. will post 18.8 EPS for the current year.

Diamondback Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 15th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.71%. Diamondback Energy’s payout ratio is 20.29%.

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.