DRW Securities LLC Makes New Investment in Diamondback Energy, Inc. (NASDAQ:FANG)

DRW Securities LLC acquired a new stake in Diamondback Energy, Inc. (NASDAQ:FANG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,165 shares of the oil and natural gas company’s stock, valued at approximately $201,000.

Other institutional investors have also recently made changes to their positions in the company. Independent Advisor Alliance lifted its holdings in Diamondback Energy by 10.9% during the 3rd quarter. Independent Advisor Alliance now owns 2,455 shares of the oil and natural gas company’s stock worth $423,000 after buying an additional 241 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Diamondback Energy by 6.6% in the third quarter. Fisher Asset Management LLC now owns 152,788 shares of the oil and natural gas company’s stock valued at $26,341,000 after acquiring an additional 9,461 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Diamondback Energy by 14.0% in the third quarter. Daiwa Securities Group Inc. now owns 34,029 shares of the oil and natural gas company’s stock valued at $5,867,000 after purchasing an additional 4,170 shares during the period. SevenBridge Financial Group LLC grew its stake in Diamondback Energy by 1.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 18,398 shares of the oil and natural gas company’s stock worth $3,296,000 after purchasing an additional 176 shares in the last quarter. Finally, Centaurus Financial Inc. increased its holdings in Diamondback Energy by 351.4% during the 3rd quarter. Centaurus Financial Inc. now owns 6,830 shares of the oil and natural gas company’s stock worth $1,177,000 after purchasing an additional 5,317 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total value of $208,150.00. Following the completion of the transaction, the director now owns 4,712 shares in the company, valued at approximately $852,872. This represents a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Lyndal Greth sold 13,212,830 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $175.11, for a total transaction of $2,313,698,661.30. Following the sale, the insider now owns 1,037,819 shares in the company, valued at $181,732,485.09. The trade was a 92.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Diamondback Energy Trading Up 0.1 %

Shares of FANG stock opened at $176.19 on Thursday. The company has a market capitalization of $51.45 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.89. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $182.13 and its two-hundred day moving average is $190.18. Diamondback Energy, Inc. has a twelve month low of $145.70 and a twelve month high of $214.50.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.62 by ($1.24). Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the firm posted $5.49 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts forecast that Diamondback Energy, Inc. will post 16.26 EPS for the current year.

Diamondback Energy Announces Dividend

The company also recently declared 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 was Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.04%. Diamondback Energy’s dividend payout ratio is currently 20.61%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FANG shares. Royal Bank of Canada reissued an “outperform” rating and set a $210.00 price objective on shares of Diamondback Energy in a research report on Wednesday, November 6th. Raymond James increased their price objective on shares of Diamondback Energy from $232.00 to $237.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 19th. Evercore ISI decreased their price objective on shares of Diamondback Energy from $235.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. Benchmark reissued a “buy” rating and issued a $195.00 target price on shares of Diamondback Energy in a report on Tuesday, October 29th. Finally, Jefferies Financial Group initiated coverage on Diamondback Energy in a report on Monday, September 16th. They set a “hold” rating and a $185.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $212.00.

Diamondback Energy Company 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.