WoodTrust Financial Corp Buys New Holdings in Diamondback Energy, Inc. $FANG

WoodTrust Financial Corp purchased a new position in Diamondback Energy, Inc. (NASDAQ:FANG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,350 shares of the oil and natural gas company’s stock, valued at approximately $1,624,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exencial Wealth Advisors LLC purchased a new stake in shares of Diamondback Energy during the 3rd quarter worth $224,000. Quent Capital LLC purchased a new stake in Diamondback Energy during the 3rd quarter worth about $84,000. Nordea Investment Management AB lifted its holdings in Diamondback Energy by 11.6% during the 3rd quarter. Nordea Investment Management AB now owns 20,468 shares of the oil and natural gas company’s stock worth $2,888,000 after buying an additional 2,130 shares during the last quarter. Allen Capital Group LLC boosted its position in shares of Diamondback Energy by 2.0% during the 3rd quarter. Allen Capital Group LLC now owns 6,510 shares of the oil and natural gas company’s stock worth $932,000 after acquiring an additional 128 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Diamondback Energy by 2.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,747 shares of the oil and natural gas company’s stock valued at $1,109,000 after acquiring an additional 184 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Trading Up 0.3%

NASDAQ FANG opened at $151.28 on Friday. The firm’s fifty day moving average is $150.37 and its two-hundred day moving average is $145.28. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $180.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 0.62. The firm has a market cap of $43.33 billion, a PE ratio of 10.51 and a beta of 0.59.

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

Diamondback Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $4.00 annualized dividend and a dividend yield of 2.6%. Diamondback Energy’s dividend payout ratio (DPR) is currently 27.80%.

Insiders Place Their Bets

In other Diamondback Energy news, Director Charles Alvin Meloy sold 377,911 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $138.61, for a total value of $52,382,243.71. Following the transaction, the director directly owned 1,044,864 shares of the company’s stock, valued at approximately $144,828,599.04. The trade was a 26.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FANG has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Diamondback Energy from $160.00 to $169.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Weiss Ratings restated a “hold (c)” rating on shares of Diamondback Energy in a research report on Monday, December 29th. Evercore ISI increased their target price on shares of Diamondback Energy from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $173.00 price target on shares of Diamondback Energy in a research note on Friday, October 10th. Finally, Mizuho set a $194.00 price objective on shares of Diamondback Energy in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Diamondback Energy presently has an average rating of “Buy” and an average price target of $188.33.

Diamondback Energy Company Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.