WINTON GROUP Ltd Makes New Investment in Diamondback Energy, Inc. $FANG

WINTON GROUP Ltd acquired a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) during the 4th quarter, Holdings Channel reports. The firm acquired 32,292 shares of the oil and natural gas company’s stock, valued at approximately $4,854,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new stake in Diamondback Energy during the 4th quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in Diamondback Energy during the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. increased its holdings in Diamondback Energy by 245.1% during the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Diamondback Energy during the 3rd quarter worth approximately $26,000. Finally, Wellington Shields & Co. LLC increased its holdings in shares of Diamondback Energy by 264.7% in the 4th quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 135 shares during the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Diamondback Energy Price Performance

Shares of NASDAQ FANG opened at $192.62 on Friday. Diamondback Energy, Inc. has a twelve month low of $134.30 and a twelve month high of $214.51. The company has a market capitalization of $54.19 billion, a price-to-earnings ratio of 223.98 and a beta of 0.42. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. The business has a 50 day simple moving average of $196.07 and a 200-day simple moving average of $173.72.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the firm posted $4.54 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Diamondback Energy, Inc. will post 19.65 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a dividend of $1.10 per share. The ex-dividend date was Thursday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.3%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s payout ratio is presently 511.63%.

Insider Buying and Selling

In related news, Director Steven E. West sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the completion of the transaction, the director owned 4,484 shares in the company, valued at $844,561.40. The trade was a 57.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Matt Zmigrosky sold 20,899 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $180.00, for a total value of $3,761,820.00. Following the transaction, the executive vice president owned 60,493 shares of the company’s stock, valued at $10,888,740. This represents a 25.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 86,321 shares of company stock worth $16,386,359. 0.64% of the stock is owned by company insiders.

Key Diamondback Energy News

Here are the key news stories impacting Diamondback Energy this week:

• Positive Sentiment: Zacks Research and KeyCorp both lifted several near- and longer-term earnings estimates for Diamondback Energy, suggesting analysts still see solid profit potential ahead. Zacks also reiterated a Hold rating, while KeyCorp kept an Overweight rating and a $225 price target.
• Positive Sentiment: Zacks described Diamondback Energy as a strong momentum stock, which may reinforce bullish sentiment around the name. Zacks momentum stock article
• Neutral Sentiment: One article noted that Diamondback Energy has been trading near highs, but the focus was on market activity rather than a direct company-specific catalyst.
• Negative Sentiment: Financial Post reported that the daughter of late wildcatter Autry Stephens is offloading a $2 billion energy stake, including a Diamondback Energy position. Large insider- or major-holder selling can weigh on sentiment because investors may view it as profit-taking after a strong run. Stephens family stake sale in Diamondback Energy

Analyst Ratings Changes

FANG has been the subject of a number of research analyst reports. Mizuho boosted their price target on Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. The Goldman Sachs Group boosted their price target on Diamondback Energy from $187.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Susquehanna boosted their price target on Diamondback Energy from $231.00 to $245.00 and gave the company a “positive” rating in a report on Wednesday, May 6th. Truist Financial set a $242.00 price target on Diamondback Energy in a report on Wednesday, May 6th. Finally, Benchmark downgraded Diamondback Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $223.26.

Diamondback Energy 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.