Cwm LLC Has $1.67 Million Holdings in Diamondback Energy, Inc. $FANG

Cwm LLC raised its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 48.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,170 shares of the oil and natural gas company’s stock after buying an additional 3,945 shares during the quarter. Cwm LLC’s holdings in Diamondback Energy were worth $1,672,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC raised its stake in shares of Diamondback Energy by 31.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 35,364 shares of the oil and natural gas company’s stock valued at $4,859,000 after purchasing an additional 8,530 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Diamondback Energy by 10.1% in the second quarter. Inspire Investing LLC now owns 44,646 shares of the oil and natural gas company’s stock valued at $6,134,000 after purchasing an additional 4,098 shares in the last quarter. Aberdeen Group plc raised its stake in shares of Diamondback Energy by 4.2% in the second quarter. Aberdeen Group plc now owns 98,547 shares of the oil and natural gas company’s stock valued at $13,540,000 after purchasing an additional 4,017 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Diamondback Energy by 4.1% in the second quarter. Blue Trust Inc. now owns 2,553 shares of the oil and natural gas company’s stock valued at $351,000 after purchasing an additional 100 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Diamondback Energy by 192.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 3,796 shares of the oil and natural gas company’s stock valued at $522,000 after purchasing an additional 2,500 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Diamondback Energy

In related news, Chairman Travis D. Stice sold 20,400 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $142.80, for a total transaction of $2,913,120.00. Following the completion of the sale, the chairman directly owned 102,145 shares of the company’s stock, valued at $14,586,306. The trade was a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FANG has been the subject of a number of recent research reports. Scotiabank restated an “outperform” rating on shares of Diamondback Energy in a research note on Thursday, October 9th. Melius Research assumed coverage on Diamondback Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $213.00 target price for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Diamondback Energy in a research note on Wednesday, October 8th. Evercore ISI increased their price objective on Diamondback Energy from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, Mizuho dropped their price objective on Diamondback Energy from $183.00 to $176.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $189.91.

Diamondback Energy Stock Performance

Diamondback Energy stock opened at $139.09 on Monday. The stock has a fifty day moving average price of $142.18 and a two-hundred day moving average price of $140.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.52. The firm has a market capitalization of $40.27 billion, a P/E ratio of 9.89 and a beta of 1.04. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $186.74.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Monday, August 4th. The oil and natural gas company reported $2.67 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.05). The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.35 billion. Diamondback Energy had a return on equity of 9.48% and a net margin of 27.25%.Diamondback Energy’s revenue for the quarter was up 48.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.52 EPS. As a group, analysts anticipate that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, August 14th. Diamondback Energy’s dividend payout ratio is presently 28.43%.

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.