Marshall & Sterling Wealth Advisors Inc. Takes Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,661 shares of the oil and natural gas company's stock, valued at approximately $436,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wintrust Investments LLC acquired a new position in shares of Diamondback Energy in the 4th quarter valued at approximately $28,000. R Squared Ltd acquired a new position in shares of Diamondback Energy in the 4th quarter valued at approximately $29,000. UMB Bank n.a. grew its position in shares of Diamondback Energy by 247.3% in the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock valued at $31,000 after purchasing an additional 136 shares during the period. Key Financial Inc lifted its stake in Diamondback Energy by 940.0% in the 4th quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company's stock valued at $34,000 after acquiring an additional 188 shares in the last quarter. Finally, Transce3nd LLC bought a new stake in Diamondback Energy in the 4th quarter valued at approximately $38,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on FANG shares. Barclays cut their target price on Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Williams Trading set a $190.00 target price on Diamondback Energy in a research note on Wednesday, March 5th. Bank of America upgraded Diamondback Energy from a "neutral" rating to a "buy" rating and cut their target price for the company from $202.00 to $170.00 in a research note on Tuesday. Wells Fargo & Company cut their target price on Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Mizuho upped their price objective on Diamondback Energy from $201.00 to $204.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $199.00.

Diamondback Energy Stock Performance

Shares of FANG stock traded up $2.82 during midday trading on Thursday, hitting $134.83. 2,158,063 shares of the company were exchanged, compared to its average volume of 2,096,266. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. The firm has a market capitalization of $39.65 billion, a P/E ratio of 7.72, a PEG ratio of 1.24 and a beta of 1.44. Diamondback Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $214.50. The firm's 50 day moving average price is $143.60 and its two-hundred day moving average price is $161.78.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.07. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.55 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. As a group, equities research analysts anticipate that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $4.00 dividend on an annualized basis and a yield of 2.97%. This is an increase from Diamondback Energy's previous quarterly dividend of $0.90. Diamondback Energy's payout ratio is currently 25.32%.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Director Frank D. Tsuru acquired 2,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $156.51 per share, with a total value of $313,020.00. Following the acquisition, the director now directly owns 5,730 shares of the company's stock, valued at approximately $896,802.30. This trade represents a 53.62 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company's stock.

Diamondback Energy 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.