Diamondback Energy, Inc. $FANG Shares Acquired by Lido Advisors LLC

Lido Advisors LLC boosted its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 54.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,555 shares of the oil and natural gas company’s stock after purchasing an additional 3,706 shares during the period. Lido Advisors LLC’s holdings in Diamondback Energy were worth $1,450,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FANG. Woodmont Investment Counsel LLC boosted its stake in shares of Diamondback Energy by 1,123.0% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 43,515 shares of the oil and natural gas company’s stock valued at $5,979,000 after purchasing an additional 39,957 shares in the last quarter. NorthRock Partners LLC grew its stake in shares of Diamondback Energy by 181.6% during the second quarter. NorthRock Partners LLC now owns 3,551 shares of the oil and natural gas company’s stock valued at $488,000 after purchasing an additional 2,290 shares during the last quarter. True North Advisors LLC acquired a new stake in Diamondback Energy in the first quarter worth about $327,000. Nuveen LLC bought a new stake in shares of Diamondback Energy during the first quarter worth approximately $230,039,000. Finally, Shell Asset Management Co. raised its position in shares of Diamondback Energy by 22.9% during the 2nd quarter. Shell Asset Management Co. now owns 12,998 shares of the oil and natural gas company’s stock valued at $1,786,000 after acquiring an additional 2,423 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $159.51 on Friday. The firm has a 50 day moving average of $145.70 and a 200-day moving average of $143.34. The stock has a market capitalization of $45.68 billion, a PE ratio of 11.08 and a beta of 0.63. Diamondback Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $180.91. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.14. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the business posted $3.19 EPS. Diamondback Energy’s revenue for the quarter was up 48.4% on a year-over-year basis. On average, equities research analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. Diamondback Energy’s dividend payout ratio is currently 27.80%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FANG shares. KeyCorp lowered their price objective on shares of Diamondback Energy from $180.00 to $176.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Susquehanna lowered their price objective on shares of Diamondback Energy to $188.00 and set a “positive” rating on the stock in a report on Monday, October 20th. Roth Capital set a $162.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, November 4th. Barclays decreased their target price on shares of Diamondback Energy from $185.00 to $178.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Finally, Morgan Stanley reissued an “overweight” rating and set a $183.00 price target on shares of Diamondback Energy in a research report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Diamondback Energy currently has a consensus rating of “Buy” and a consensus price target of $186.95.

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.