Diamondback Energy, Inc. (NASDAQ:FANG) Shares Sold by Centiva Capital LP

Centiva Capital LP trimmed its holdings in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 82.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,719 shares of the oil and natural gas company's stock after selling 8,087 shares during the quarter. Centiva Capital LP's holdings in Diamondback Energy were worth $282,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Citigroup raised Diamondback Energy from a "reduce" rating to a "buy" rating and upped their price objective for the company from $157.00 to $180.00 in a research note on Monday, April 7th. Barclays lowered their price objective on shares of Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their price objective on shares of Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Truist Financial lifted their target price on shares of Diamondback Energy from $238.00 to $242.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Finally, Piper Sandler cut their price target on shares of Diamondback Energy from $234.00 to $225.00 and set an "overweight" rating for the company in a report on Tuesday. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Diamondback Energy currently has an average rating of "Buy" and a consensus target price of $194.09.

Insider Buying and Selling at Diamondback Energy

In related news, Director Frank D. Tsuru bought 2,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $156.51 per share, with a total value of $313,020.00. Following the completion of the transaction, the director now directly owns 5,730 shares of the company's stock, valued at approximately $896,802.30. This represents a 53.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Hof Matthew Kaes Van't sold 10,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $142.69, for a total value of $1,426,900.00. Following the sale, the president now owns 120,645 shares in the company, valued at approximately $17,214,835.05. The trade was a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Diamondback Energy Trading Down 0.6%

Shares of FANG stock traded down $0.82 during mid-day trading on Friday, hitting $141.13. 2,291,301 shares of the company's stock were exchanged, compared to its average volume of 2,133,220. 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 stock has a market cap of $41.23 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 1.24 and a beta of 1.06. The stock has a 50-day simple moving average of $141.32 and a two-hundred day simple moving average of $158.36. Diamondback Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $214.50.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.87. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.58 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The business's quarterly revenue was up 81.8% on a year-over-year basis. During the same period last year, the company posted $4.50 EPS. Equities analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) is presently 24.46%.

About Diamondback Energy

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.