Diamondback Energy, Inc. (NASDAQ:FANG) Shares Purchased by Davidson Capital Management Inc.

Davidson Capital Management Inc. raised its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 15.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,072 shares of the oil and natural gas company’s stock after buying an additional 2,564 shares during the quarter. Davidson Capital Management Inc.’s holdings in Diamondback Energy were worth $3,125,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Diamondback Energy during the fourth quarter worth about $29,000. UMB Bank n.a. increased its position in 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 period. Values First Advisors Inc. purchased a new position in shares of Diamondback Energy during the 3rd quarter worth approximately $42,000. Ashton Thomas Securities LLC acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at approximately $52,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Diamondback Energy in the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $210.00 price objective on shares of Diamondback Energy in a research report on Thursday, January 23rd. Raymond James raised their price objective on shares of Diamondback Energy from $237.00 to $256.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Wolfe Research raised shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Friday, January 3rd. Truist Financial increased their target price on shares of Diamondback Energy from $230.00 to $236.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, UBS Group decreased their price target on Diamondback Energy from $235.00 to $212.00 and set a “buy” rating on the stock in a research note on Monday, December 9th. 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $215.00.

Diamondback Energy Stock Performance

NASDAQ:FANG opened at $162.01 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The firm has a market cap of $47.31 billion, a PE ratio of 9.27, a P/E/G ratio of 1.24 and a beta of 1.86. The firm has a 50 day simple moving average of $167.26 and a 200-day simple moving average of $178.89. Diamondback Energy, Inc. has a 1-year low of $152.00 and a 1-year high of $214.50.

Diamondback Energy Dividend Announcement

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 $0.90 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.22%. Diamondback Energy’s dividend payout ratio (DPR) is presently 20.61%.

About Diamondback Energy

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.