Roman Butler Fullerton & Co. Acquires Shares of 1,375 Diamondback Energy, Inc. (NASDAQ:FANG)

Roman Butler Fullerton & Co. acquired a new stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,375 shares of the oil and natural gas company’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. KG&L Capital Management LLC purchased a new stake in shares of Diamondback Energy during the third quarter worth $369,000. Robeco Institutional Asset Management B.V. raised its position in shares of Diamondback Energy by 5.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 33,064 shares of the oil and natural gas company’s stock worth $5,700,000 after buying an additional 1,752 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Diamondback Energy by 8.0% in the third quarter. Janney Montgomery Scott LLC now owns 168,087 shares of the oil and natural gas company’s stock worth $28,978,000 after buying an additional 12,521 shares in the last quarter. Ceredex Value Advisors LLC raised its position in shares of Diamondback Energy by 19.0% in the third quarter. Ceredex Value Advisors LLC now owns 223,750 shares of the oil and natural gas company’s stock worth $38,574,000 after buying an additional 35,800 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of Diamondback Energy by 2.0% in the third quarter. Chicago Partners Investment Group LLC now owns 4,584 shares of the oil and natural gas company’s stock worth $830,000 after buying an additional 91 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Diamondback Energy news, major shareholder Lyndal Greth sold 13,212,830 shares of Diamondback Energy stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $175.11, for a total value of $2,313,698,661.30. Following the completion of the sale, the insider now owns 1,037,819 shares of the company’s stock, valued at approximately $181,732,485.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.48% of the stock is currently owned by insiders.

Diamondback Energy Price Performance

FANG stock opened at $179.76 on Tuesday. The firm has a 50 day moving average price of $182.94 and a 200-day moving average price of $192.79. Diamondback Energy, Inc. has a 52-week low of $145.70 and a 52-week high of $214.50. The firm has a market capitalization of $52.98 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 1.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.64 and a current ratio of 3.66.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, August 5th. The oil and natural gas company reported $4.52 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.01. Diamondback Energy had a net margin of 37.51% and a return on equity of 19.54%. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business earned $3.68 EPS. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. Equities research analysts forecast that Diamondback Energy, Inc. will post 17.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group lowered their price objective on Diamondback Energy from $247.00 to $223.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Evercore ISI lowered their price objective on Diamondback Energy from $235.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Susquehanna lowered their price objective on Diamondback Energy from $237.00 to $233.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. Wolfe Research began coverage on Diamondback Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, BMO Capital Markets raised Diamondback Energy from a “market perform” rating to an “outperform” rating and increased their target price for the company from $205.00 to $215.00 in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $210.09.

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.