2,394 Shares in Diamondback Energy, Inc. (NASDAQ:FANG) Acquired by One Wealth Advisors LLC

Key Points

• One Wealth Advisors LLC has acquired a new stake in Diamondback Energy, purchasing 2,394 shares for approximately $383,000 in the 1st quarter of the year.
• Analysts have mixed views on Diamondback Energy’s stock: price targets from key firms range from $161.00 to $242.00, while the consensus rating is "Buy" with an average target price of $191.59.
• Diamondback Energy recently declared a quarterly dividend of $1.00 per share, yielding 2.77%, with a payout ratio of 24.46%.

One Wealth Advisors LLC acquired a new stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,394 shares of the oil and natural gas company's stock, valued at approximately $383,000.

A number of other large investors have also recently added to or reduced their stakes in FANG. Robeco Institutional Asset Management B.V. boosted its stake in shares of Diamondback Energy by 4.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 36,177 shares of the oil and natural gas company's stock worth $5,784,000 after purchasing an additional 1,384 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Diamondback Energy by 6.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 58,853 shares of the oil and natural gas company's stock worth $9,409,000 after purchasing an additional 3,467 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Diamondback Energy by 50.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 7,149 shares of the oil and natural gas company's stock worth $1,143,000 after acquiring an additional 2,397 shares during the period. SevenBridge Financial Group LLC lifted its holdings in shares of Diamondback Energy by 10.8% during the 4th quarter. SevenBridge Financial Group LLC now owns 20,388 shares of the oil and natural gas company's stock worth $3,303,000 after acquiring an additional 1,990 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in shares of Diamondback Energy by 49.7% during the 4th quarter. Headlands Technologies LLC now owns 9,816 shares of the oil and natural gas company's stock worth $1,608,000 after acquiring an additional 3,261 shares during the period. 90.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, President Hof Matthew Kaes Van't sold 10,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $142.69, for a total value of $1,426,900.00. Following the completion of the sale, the president directly owned 120,645 shares in the company, valued at approximately $17,214,835.05. The trade was a 7.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.48% of the company's stock.

Diamondback Energy Stock Up 3.3%

NASDAQ:FANG traded up $4.77 on Monday, hitting $149.38. 510,354 shares of the company's stock traded hands, compared to its average volume of 2,460,917. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $203.98. The firm has a 50-day moving average price of $141.65 and a 200-day moving average price of $147.68. The company has a market cap of $43.64 billion, a PE ratio of 9.14 and a beta of 1.05.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 EPS for the quarter, beating the consensus estimate of $3.67 by $0.87. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $3.58 billion. Diamondback Energy had a return on equity of 11.22% and a net margin of 30.84%. The firm's quarterly revenue was up 81.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.50 EPS. Equities analysts anticipate that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $4.00 annualized dividend and a yield of 2.68%. Diamondback Energy's dividend payout ratio (DPR) is currently 24.46%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FANG shares. Wells Fargo & Company raised their price target on shares of Diamondback Energy from $207.00 to $208.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Bank of America raised their price target on shares of Diamondback Energy from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Mizuho decreased their price objective on shares of Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. UBS Group reduced their price target on shares of Diamondback Energy from $175.00 to $163.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Piper Sandler lifted their price objective on shares of Diamondback Energy from $225.00 to $228.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Diamondback Energy currently has an average rating of "Buy" and a consensus price target of $191.59.

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.