3,139 Shares in Diamondback Energy, Inc. (NASDAQ:FANG) Bought by CX Institutional

CX Institutional purchased a new stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,139 shares of the oil and natural gas company's stock, valued at approximately $502,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barden Capital Management Inc. raised its holdings in Diamondback Energy by 1.5% in the 4th quarter. Barden Capital Management Inc. now owns 4,380 shares of the oil and natural gas company's stock valued at $718,000 after acquiring an additional 64 shares during the last quarter. Buckhead Capital Management LLC raised its holdings in Diamondback Energy by 0.3% in the 4th quarter. Buckhead Capital Management LLC now owns 19,830 shares of the oil and natural gas company's stock valued at $3,249,000 after acquiring an additional 67 shares during the last quarter. Private Trust Co. NA raised its holdings in Diamondback Energy by 4.8% in the 4th quarter. Private Trust Co. NA now owns 1,516 shares of the oil and natural gas company's stock valued at $248,000 after acquiring an additional 69 shares during the last quarter. Gladstone Institutional Advisory LLC raised its holdings in Diamondback Energy by 1.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,923 shares of the oil and natural gas company's stock valued at $643,000 after acquiring an additional 74 shares during the last quarter. Finally, JBR Co Financial Management Inc raised its holdings in Diamondback Energy by 4.1% in the 4th quarter. JBR Co Financial Management Inc now owns 2,023 shares of the oil and natural gas company's stock valued at $331,000 after acquiring an additional 80 shares during the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on FANG. KeyCorp cut their price objective on shares of Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating for the company in a report on Monday, April 21st. UBS Group cut 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. Raymond James restated a "strong-buy" rating on shares of Diamondback Energy in a report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price target on shares of Diamondback Energy from $167.00 to $161.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, 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 report on Friday, May 23rd. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $193.09.

Insider Buying and Selling at Diamondback Energy

In other news, President Hof Matthew Kaes Van't sold 10,000 shares of Diamondback Energy stock in a transaction on Monday, May 12th. The shares were sold at an average price of $142.69, for a total transaction of $1,426,900.00. Following the completion of the sale, the president now directly owns 120,645 shares of the company's stock, 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 accessible through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Diamondback Energy Stock Up 3.7%

FANG stock traded up $5.58 during midday trading on Friday, hitting $154.91. The company's stock had a trading volume of 5,206,181 shares, compared to its average volume of 2,212,415. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $214.50. The firm has a market capitalization of $45.26 billion, a P/E ratio of 8.87, a PEG ratio of 1.24 and a beta of 1.06. The firm has a 50-day simple moving average of $136.99 and a 200-day simple moving average of $152.66.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued 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. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The company had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter last year, the company posted $4.50 EPS. The firm's revenue was up 81.8% compared to the same quarter last year. As a group, equities analysts forecast that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a $1.00 dividend. The ex-dividend date was Thursday, May 15th. This represents a $4.00 annualized dividend and a yield of 2.58%. Diamondback Energy's dividend payout ratio is presently 24.46%.

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.