Sapient Capital LLC Lowers Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Sapient Capital LLC cut its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 26.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,067 shares of the oil and natural gas company’s stock after selling 46,519 shares during the quarter. Sapient Capital LLC’s holdings in Diamondback Energy were worth $20,981,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Diamondback Energy during the fourth quarter worth $29,000. UMB Bank n.a. raised its position in shares of Diamondback Energy by 247.3% during the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 136 shares during the last quarter. Values First Advisors Inc. acquired a new position in shares of Diamondback Energy during the 3rd quarter worth about $42,000. CVA Family Office LLC lifted its stake in Diamondback Energy by 28.1% in the 3rd quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company’s stock valued at $51,000 after buying an additional 65 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in Diamondback Energy during the 3rd quarter worth approximately $52,000. 90.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group decreased their target price on Diamondback Energy from $235.00 to $212.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. Wells Fargo & Company raised their price objective on Diamondback Energy from $218.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler reduced their target price on shares of Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Raymond James boosted their price target on shares of Diamondback Energy from $237.00 to $256.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Diamondback Energy currently has a consensus rating of “Moderate Buy” and an average target price of $215.00.

Diamondback Energy Trading Up 2.2 %

Shares of FANG stock opened at $161.66 on Tuesday. The company has a 50-day moving average of $167.54 and a two-hundred day moving average of $179.16. The firm has a market cap of $47.20 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. Diamondback Energy, Inc. has a 1-year low of $152.00 and a 1-year high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42.

Diamondback Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.90 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.23%. Diamondback Energy’s dividend payout ratio (DPR) is presently 20.61%.

Insider Buying and Selling at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total transaction of $208,150.00. Following the sale, the director now owns 4,712 shares of the company’s stock, valued at approximately $852,872. This represents a 19.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by corporate insiders.

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.