Diamondback Energy, Inc. (NASDAQ:FANG) Shares Acquired by Fulcrum Capital LLC

Fulcrum Capital LLC raised its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,558 shares of the oil and natural gas company’s stock after buying an additional 332 shares during the period. Fulcrum Capital LLC’s holdings in Diamondback Energy were worth $4,679,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Moody National Bank Trust Division increased its stake in Diamondback Energy by 50.6% during the 4th quarter. Moody National Bank Trust Division now owns 30,120 shares of the oil and natural gas company’s stock valued at $4,935,000 after buying an additional 10,120 shares during the period. Salem Investment Counselors Inc. increased its stake in Diamondback Energy by 0.6% during the 4th quarter. Salem Investment Counselors Inc. now owns 21,892 shares of the oil and natural gas company’s stock valued at $3,587,000 after buying an additional 120 shares during the period. Fragasso Financial Advisors Inc increased its stake in Diamondback Energy by 3.8% during the 4th quarter. Fragasso Financial Advisors Inc now owns 1,928 shares of the oil and natural gas company’s stock valued at $316,000 after buying an additional 70 shares during the period. Czech National Bank increased its stake in Diamondback Energy by 6.2% during the 4th quarter. Czech National Bank now owns 40,518 shares of the oil and natural gas company’s stock valued at $6,638,000 after buying an additional 2,352 shares during the period. Finally, Sugarloaf Wealth Management LLC increased its stake in Diamondback Energy by 15.7% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 23,366 shares of the oil and natural gas company’s stock valued at $3,828,000 after buying an additional 3,175 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Transactions at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by insiders.

Diamondback Energy Stock Performance

FANG traded up $2.48 during trading on Monday, reaching $177.25. 1,875,679 shares of the company’s stock were exchanged, compared to its average volume of 2,039,268. Diamondback Energy, Inc. has a fifty-two week low of $147.93 and a fifty-two week high of $214.50. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $170.76 and a 200 day moving average price of $183.77. The company has a market capitalization of $51.76 billion, a P/E ratio of 10.15, a PEG ratio of 1.19 and a beta of 1.88.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.62 by ($1.24). Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the firm earned $5.49 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, analysts predict that Diamondback Energy, Inc. will post 16.51 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Thursday, November 14th. Diamondback Energy’s payout ratio is 20.61%.

Analyst Ratings Changes

Several research firms have commented on FANG. Truist Financial raised their target price on shares of Diamondback Energy from $230.00 to $236.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp reduced their price objective on shares of Diamondback Energy from $225.00 to $216.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and set a $210.00 price objective on shares of Diamondback Energy in a research report on Wednesday, November 6th. UBS Group reduced their price objective on shares of Diamondback Energy from $235.00 to $212.00 and set a “buy” rating for the company in a research report on Monday, December 9th. Finally, Wells Fargo & Company raised their price objective on shares of Diamondback Energy from $218.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Diamondback Energy has a consensus rating of “Moderate Buy” and an average price target of $210.08.

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.