Diamondback Energy Inc (NASDAQ:FANG) Position Increased by Stifel Financial Corp

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Stifel Financial Corp raised its holdings in shares of Diamondback Energy Inc (NASDAQ:FANG) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,100 shares of the oil and natural gas company’s stock after purchasing an additional 12,937 shares during the period. Stifel Financial Corp’s holdings in Diamondback Energy were worth $13,554,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FANG. Oregon Public Employees Retirement Fund lifted its holdings in Diamondback Energy by 1.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 16,439 shares of the oil and natural gas company’s stock worth $1,791,000 after purchasing an additional 263 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Diamondback Energy by 6.7% in the second quarter. Commonwealth Equity Services LLC now owns 17,090 shares of the oil and natural gas company’s stock worth $1,862,000 after purchasing an additional 1,079 shares during the period. Bessemer Group Inc. lifted its holdings in Diamondback Energy by 43.2% in the second quarter. Bessemer Group Inc. now owns 941,887 shares of the oil and natural gas company’s stock worth $102,638,000 after purchasing an additional 284,343 shares during the period. Whittier Trust Co. lifted its holdings in Diamondback Energy by 4.3% in the second quarter. Whittier Trust Co. now owns 19,726 shares of the oil and natural gas company’s stock worth $2,150,000 after purchasing an additional 815 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Diamondback Energy by 13.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,375 shares of the oil and natural gas company’s stock worth $368,000 after purchasing an additional 392 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

A number of equities research analysts have weighed in on FANG shares. TheStreet downgraded shares of Diamondback Energy from a “b-” rating to a “c+” rating in a report on Tuesday, October 8th. Wells Fargo & Co cut their price target on shares of Diamondback Energy from $171.00 to $168.00 and set an “outperform” rating for the company in a report on Friday, September 20th. BidaskClub raised shares of Diamondback Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Citigroup cut their price target on shares of Diamondback Energy from $135.00 to $118.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Finally, KeyCorp cut their price target on shares of Diamondback Energy from $133.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $142.27.

In other Diamondback Energy news, VP Russell Pantermuehl sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $100.25, for a total transaction of $501,250.00. Following the completion of the sale, the vice president now directly owns 105,107 shares of the company’s stock, valued at $10,536,976.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael P. Cross sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $104.75, for a total transaction of $104,750.00. The disclosure for this sale can be found here. Insiders have sold 11,000 shares of company stock valued at $1,120,130 over the last ninety days. Insiders own 0.47% of the company’s stock.

FANG stock opened at $77.34 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.68 and a debt-to-equity ratio of 0.31. Diamondback Energy Inc has a one year low of $73.18 and a one year high of $115.97. The firm has a market capitalization of $12.41 billion, a PE ratio of 13.18, a P/E/G ratio of 0.96 and a beta of 0.79. The firm has a 50-day moving average of $81.32 and a two-hundred day moving average of $95.37.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Tuesday, November 5th. The oil and natural gas company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.24). Diamondback Energy had a net margin of 29.59% and a return on equity of 6.01%. The firm had revenue of $975.00 million for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $1.67 earnings per share. Diamondback Energy’s quarterly revenue was up 81.6% compared to the same quarter last year. On average, equities research analysts anticipate that Diamondback Energy Inc will post 6.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Thursday, November 14th. Diamondback Energy’s dividend payout ratio is presently 12.78%.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily 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.

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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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