Schwartz Investment Counsel Inc. Has $47.56 Million Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Schwartz Investment Counsel Inc. boosted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,300 shares of the oil and natural gas company’s stock after purchasing an additional 600 shares during the quarter. Diamondback Energy comprises approximately 1.7% of Schwartz Investment Counsel Inc.’s holdings, making the stock its 21st largest position. Schwartz Investment Counsel Inc. owned about 0.10% of Diamondback Energy worth $47,560,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC lifted its stake in shares of Diamondback Energy by 1.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 3,923 shares of the oil and natural gas company’s stock valued at $643,000 after buying an additional 74 shares during the period. Capital Advisors Inc. OK bought a new stake in shares of Diamondback Energy in the 4th quarter worth approximately $316,000. Louisiana State Employees Retirement System lifted its position in shares of Diamondback Energy by 29.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the oil and natural gas company’s stock worth $5,144,000 after acquiring an additional 7,200 shares during the period. Portfolio Design Labs LLC acquired a new position in shares of Diamondback Energy in the fourth quarter valued at $246,000. Finally, Yacktman Asset Management LP lifted its position in Diamondback Energy by 9.3% in the fourth quarter. Yacktman Asset Management LP now owns 1,388,434 shares of the oil and natural gas company’s stock worth $227,467,000 after purchasing an additional 118,603 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Analyst Upgrades and Downgrades

FANG has been the subject of a number of recent research reports. StockNews.com upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Raymond James lifted their price objective on Diamondback Energy from $237.00 to $256.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Piper Sandler lowered their price target on Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group initiated coverage on shares of Diamondback Energy in a report on Monday, December 2nd. They issued a “buy” rating and a $227.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Diamondback Energy presently has an average rating of “Moderate Buy” and an average price target of $215.00.

Diamondback Energy Trading Up 0.2 %

NASDAQ:FANG opened at $162.01 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The business’s 50-day simple moving average is $167.26 and its 200-day simple moving average is $178.89. Diamondback Energy, Inc. has a fifty-two week low of $152.00 and a fifty-two week high of $214.50. The stock has a market capitalization of $47.31 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86.

Diamondback Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.22%. Diamondback Energy’s payout ratio is 20.61%.

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.