U.S. Capital Wealth Advisors LLC Lowers Position in Diamondback Energy, Inc. (NASDAQ:FANG)

U.S. Capital Wealth Advisors LLC trimmed its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,593 shares of the oil and natural gas company’s stock after selling 1,079 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Diamondback Energy were worth $1,178,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in shares of Diamondback Energy by 39.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,007,599 shares of the oil and natural gas company’s stock worth $465,817,000 after purchasing an additional 858,446 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of Diamondback Energy during the third quarter worth $128,720,000. Wellington Management Group LLP raised its holdings in shares of Diamondback Energy by 4.8% during the third quarter. Wellington Management Group LLP now owns 14,266,640 shares of the oil and natural gas company’s stock worth $2,209,617,000 after purchasing an additional 648,317 shares during the period. Raymond James & Associates raised its holdings in shares of Diamondback Energy by 143.0% during the fourth quarter. Raymond James & Associates now owns 981,284 shares of the oil and natural gas company’s stock worth $152,177,000 after purchasing an additional 577,514 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Diamondback Energy by 286.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 595,694 shares of the oil and natural gas company’s stock worth $92,380,000 after purchasing an additional 441,411 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Hof Matthew Kaes Van’t sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $190.82, for a total value of $2,289,840.00. Following the completion of the transaction, the chief financial officer now owns 185,882 shares of the company’s stock, valued at $35,470,003.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Diamondback Energy news, CAO Teresa L. Dick sold 2,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $192.00, for a total transaction of $384,000.00. Following the sale, the chief accounting officer now owns 96,523 shares of the company’s stock, valued at $18,532,416. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Hof Matthew Kaes Van’t sold 12,000 shares of Diamondback Energy stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $190.82, for a total value of $2,289,840.00. Following the completion of the transaction, the chief financial officer now directly owns 185,882 shares of the company’s stock, valued at $35,470,003.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,675 shares of company stock valued at $11,311,096. 0.43% of the stock is currently owned by corporate insiders.

Diamondback Energy Trading Up 0.6 %

Shares of Diamondback Energy stock opened at $202.78 on Monday. The firm has a 50-day moving average of $195.49 and a 200-day moving average of $170.84. The stock has a market cap of $36.16 billion, a PE ratio of 11.36 and a beta of 1.91. Diamondback Energy, Inc. has a 52-week low of $123.41 and a 52-week high of $211.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.92.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Tuesday, April 30th. The oil and natural gas company reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $0.21. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.10 billion. Diamondback Energy had a return on equity of 19.36% and a net margin of 36.71%. Diamondback Energy’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.10 earnings per share. As a group, sell-side analysts forecast that Diamondback Energy, Inc. will post 18.91 EPS for the current year.

Diamondback Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, May 14th. Diamondback Energy’s payout ratio is 20.29%.

Analyst Upgrades and Downgrades

FANG has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of Diamondback Energy from $248.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Morgan Stanley lowered their price target on Diamondback Energy from $186.00 to $184.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Bank of America upgraded Diamondback Energy from an “underperform” rating to a “neutral” rating and increased their price target for the company from $129.00 to $170.00 in a report on Monday, February 12th. Mizuho raised their price objective on shares of Diamondback Energy from $200.00 to $217.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, Susquehanna raised their target price on Diamondback Energy from $212.00 to $245.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.37.

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.