Shaker Investments LLC OH Sells 11,544 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Shaker Investments LLC OH trimmed its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 50.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,419 shares of the oil and natural gas company’s stock after selling 11,544 shares during the quarter. Shaker Investments LLC OH’s holdings in Diamondback Energy were worth $1,871,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Diamondback Energy in the 4th quarter valued at $29,000. UMB Bank n.a. grew its stake in Diamondback Energy by 247.3% in the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 136 shares during the last quarter. Values First Advisors Inc. bought a new position in Diamondback Energy in the third quarter worth about $42,000. CVA Family Office LLC lifted its position in shares of Diamondback Energy by 28.1% during the third quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company’s stock valued at $51,000 after buying an additional 65 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Diamondback Energy in the 3rd quarter valued at about $52,000. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Up 2.2 %

Diamondback Energy stock opened at $161.66 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. The firm has a 50 day moving average price of $167.54 and a 200 day moving average price of $179.16. Diamondback Energy, Inc. has a fifty-two week low of $152.00 and a fifty-two week high of $214.50. The company has a market capitalization of $47.20 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86.

Diamondback Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, November 14th. Diamondback Energy’s payout ratio is 20.61%.

Insider Activity at Diamondback Energy

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was 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 directly owns 4,712 shares of the company’s stock, valued at $852,872. The trade was a 19.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FANG shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $210.00 target price on shares of Diamondback Energy in a research report on Thursday, January 23rd. Susquehanna decreased their price objective on shares of Diamondback Energy from $237.00 to $233.00 and set a “positive” rating for the company in a research report on Friday, October 18th. Raymond James boosted their target price on shares of Diamondback Energy from $237.00 to $256.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Benchmark reissued a “buy” rating and set a $195.00 price objective on shares of Diamondback Energy in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $215.00.

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.