Veracity Capital LLC Buys 796 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Veracity Capital LLC raised its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 18.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,192 shares of the oil and natural gas company’s stock after buying an additional 796 shares during the period. Veracity Capital LLC’s holdings in Diamondback Energy were worth $851,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. increased its position in Diamondback Energy by 247.3% in the fourth 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. acquired a new stake in shares of Diamondback Energy during the 3rd quarter worth approximately $42,000. CVA Family Office LLC raised its stake in shares of Diamondback Energy by 28.1% during the third 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 last quarter. Oliver Lagore Vanvalin Investment Group lifted 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 buying an additional 136 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in Diamondback Energy in the third quarter valued at approximately $52,000. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Stock Down 0.5 %

Diamondback Energy stock opened at $176.63 on Friday. The company has a fifty day simple moving average of $170.46 and a 200 day simple moving average of $182.51. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 1-year low of $147.93 and a 1-year high of $214.50. The company has a market cap of $51.57 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 1.44 and a beta of 1.88.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.62 by ($1.24). Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the firm posted $5.49 EPS. Diamondback Energy’s revenue was up 13.0% compared to the same quarter last year. Research analysts anticipate that Diamondback Energy, Inc. will post 15.58 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The business also recently disclosed 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 2.04%. The ex-dividend date of this dividend was Thursday, November 14th. Diamondback Energy’s payout ratio is presently 20.61%.

Analyst Ratings Changes

A number of research firms have recently weighed in on FANG. UBS Group cut 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. Mizuho cut their target price on Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Evercore ISI decreased their target price on Diamondback Energy from $235.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $210.00 price target on shares of Diamondback Energy in a research report on Thursday. Finally, Citigroup assumed coverage on shares of Diamondback Energy in a report on Monday, October 14th. They set a “neutral” rating and a $195.00 price objective for the company. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $215.00.

Insider Activity 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 directly owns 4,712 shares of the company’s stock, valued at approximately $852,872. This represents a 19.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by company insiders.

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.