Allen Capital Group LLC Acquires 1,068 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Allen Capital Group LLC raised its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 11.6% in the fourth quarter, Holdings Channel reports. The firm owned 10,270 shares of the oil and natural gas company’s stock after acquiring an additional 1,068 shares during the quarter. Allen Capital Group LLC’s holdings in Diamondback Energy were worth $1,683,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its position in Diamondback Energy by 75.2% during the fourth quarter. Hantz Financial Services Inc. now owns 37,553 shares of the oil and natural gas company’s stock worth $6,152,000 after acquiring an additional 16,122 shares in the last quarter. Smith Group Asset Management LLC bought a new position in Diamondback Energy during the 4th quarter worth $1,504,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Diamondback Energy by 5.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,793 shares of the oil and natural gas company’s stock valued at $5,700,000 after acquiring an additional 1,729 shares in the last quarter. R Squared Ltd bought a new stake in Diamondback Energy in the 4th quarter valued at about $29,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Diamondback Energy by 4.2% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 3,159 shares of the oil and natural gas company’s stock valued at $518,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Buying and Selling

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 sale, the director now owns 4,712 shares in the company, valued at $852,872. This trade represents a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FANG has been the subject of several recent analyst reports. The Goldman Sachs Group started coverage on shares of Diamondback Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $227.00 price objective for the company. UBS Group dropped their target price on Diamondback Energy from $235.00 to $212.00 and set a “buy” rating for the company in a research report on Monday, December 9th. JPMorgan Chase & Co. upped their price objective on Diamondback Energy from $191.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Scotiabank decreased their price target on shares of Diamondback Energy from $245.00 to $225.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Piper Sandler cut their price target on shares of Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Diamondback Energy presently has an average rating of “Moderate Buy” and a consensus price target of $215.00.

Diamondback Energy Trading Down 0.0 %

Shares of FANG stock opened at $169.23 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The firm has a market cap of $49.41 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 1.44 and a beta of 1.88. The business has a 50-day moving average price of $169.86 and a two-hundred day moving average price of $181.48. Diamondback Energy, Inc. has a 12-month low of $147.93 and a 12-month high of $214.50.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.62 by ($1.24). The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.43 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. Diamondback Energy’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $5.49 EPS. Equities analysts anticipate that Diamondback Energy, Inc. will post 15.58 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.13%. Diamondback Energy’s dividend payout ratio is presently 20.61%.

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.