Centaurus Financial Inc. Has $1.47 Million Stock Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Centaurus Financial Inc. grew its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 31.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,964 shares of the oil and natural gas company's stock after acquiring an additional 2,134 shares during the quarter. Centaurus Financial Inc.'s holdings in Diamondback Energy were worth $1,469,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wintrust Investments LLC acquired a new stake in Diamondback Energy during the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new stake in Diamondback Energy in the fourth quarter valued at $29,000. Fourth Dimension Wealth LLC bought a new position in shares of Diamondback Energy during the fourth quarter worth about $33,000. Key Financial Inc lifted its holdings in Diamondback Energy by 940.0% during the 4th quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company's stock worth $34,000 after buying an additional 188 shares during the last quarter. Finally, Ancora Advisors LLC boosted its holdings in Diamondback Energy by 182.9% in the fourth quarter. Ancora Advisors LLC now owns 232 shares of the oil and natural gas company's stock worth $38,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 90.01% of the company's stock.

Diamondback Energy Stock Down 2.0%

NASDAQ FANG traded down $2.82 during trading on Friday, reaching $134.99. The company's stock had a trading volume of 4,362,783 shares, compared to its average volume of 2,168,876. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $214.50. The business has a 50-day moving average price of $137.66 and a 200-day moving average price of $155.21. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $39.44 billion, a PE ratio of 7.73, a PEG ratio of 1.24 and a beta of 1.06.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The oil and natural gas company reported $4.54 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was up 81.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.50 earnings per share. On average, research analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a $1.00 dividend. The ex-dividend date was Thursday, May 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.96%. Diamondback Energy's payout ratio is 24.46%.

Insider Activity at Diamondback Energy

In related news, President Hof Matthew Kaes Van't sold 10,000 shares of Diamondback Energy stock in a transaction dated 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 transaction, the president now directly owns 120,645 shares of the company's stock, valued at $17,214,835.05. The trade was a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on FANG. Williams Trading set a $190.00 target price on Diamondback Energy in a research note on Wednesday, March 5th. Barclays decreased their price objective on shares of Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Mizuho dropped their price target on shares of Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. UBS Group cut their price objective on Diamondback Energy from $175.00 to $163.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Piper Sandler decreased their target price on shares of Diamondback Energy from $234.00 to $225.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $193.09.

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.