MCF Advisors LLC Acquires 297 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

MCF Advisors LLC lifted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 24.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,523 shares of the oil and natural gas company’s stock after buying an additional 297 shares during the period. MCF Advisors LLC’s holdings in Diamondback Energy were worth $249,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FANG. UMB Bank n.a. grew its stake in shares of Diamondback Energy by 247.3% during the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 136 shares during the last quarter. Values First Advisors Inc. bought a new stake in Diamondback Energy during the 3rd quarter worth $42,000. CVA Family Office LLC boosted its position in Diamondback Energy by 28.1% during the 3rd quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company’s stock worth $51,000 after buying an additional 65 shares during the period. Oliver Lagore Vanvalin Investment Group increased its holdings in Diamondback Energy by 109.7% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 260 shares of the oil and natural gas company’s stock valued at $52,000 after purchasing an additional 136 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Diamondback Energy in the third quarter worth approximately $52,000. 90.01% of the stock is currently owned by institutional investors.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total value of $208,150.00. Following the completion of the transaction, the director now owns 4,712 shares in the company, valued at approximately $852,872. This represents a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is currently owned by company insiders.

Diamondback Energy Stock Performance

Diamondback Energy stock opened at $176.95 on Wednesday. Diamondback Energy, Inc. has a twelve month low of $147.93 and a twelve month 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 firm has a fifty day simple moving average of $170.62 and a two-hundred day simple moving average of $182.73. The company has a market capitalization of $51.67 billion, a PE ratio of 10.13, a P/E/G ratio of 1.48 and a beta of 1.88.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.62 by ($1.24). Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the business posted $5.49 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts expect that Diamondback Energy, Inc. will post 15.57 EPS for the current year.

Diamondback Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, November 14th. Diamondback Energy’s dividend payout ratio (DPR) is currently 20.61%.

Analyst Ratings Changes

Several equities analysts have issued reports on FANG shares. BMO Capital Markets raised Diamondback Energy from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $205.00 to $215.00 in a research note on Friday, October 4th. Mizuho dropped their target price on shares of Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Johnson Rice lowered shares of Diamondback Energy from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, September 24th. Piper Sandler dropped their price objective on shares of Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $210.00 target price on shares of Diamondback Energy in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $214.17.

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.