Diamondback Energy, Inc. (NASDAQ:FANG) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP raised its holdings in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 5,748.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 448,624 shares of the oil and natural gas company's stock after purchasing an additional 440,953 shares during the period. Two Sigma Investments LP owned 0.15% of Diamondback Energy worth $73,498,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FANG. Wealthcare Advisory Partners LLC acquired a new stake in Diamondback Energy during the 4th quarter valued at $312,000. Merit Financial Group LLC lifted its position in shares of Diamondback Energy by 18.0% in the fourth quarter. Merit Financial Group LLC now owns 2,315 shares of the oil and natural gas company's stock valued at $379,000 after acquiring an additional 353 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Diamondback Energy by 22.7% during the fourth quarter. HB Wealth Management LLC now owns 4,036 shares of the oil and natural gas company's stock valued at $661,000 after acquiring an additional 747 shares during the last quarter. Clarius Group LLC boosted its stake in shares of Diamondback Energy by 8.8% during the fourth quarter. Clarius Group LLC now owns 1,885 shares of the oil and natural gas company's stock valued at $309,000 after acquiring an additional 152 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Diamondback Energy during the 4th quarter worth about $384,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy Stock Performance

NASDAQ:FANG opened at $139.35 on Tuesday. The firm's fifty day simple moving average is $141.10 and its 200 day simple moving average is $157.61. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $214.50. The firm has a market capitalization of $40.71 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.24 and a beta of 1.06.

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

Diamondback Energy Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) is presently 24.46%.

Analyst Upgrades and Downgrades

FANG has been the topic of a number of recent research reports. Mizuho reduced their target price on shares of Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Truist Financial upped their price objective on shares of Diamondback Energy from $238.00 to $242.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Wells Fargo & Company decreased their target price on shares of Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Bank of America upgraded Diamondback Energy from a "neutral" rating to a "buy" rating and cut their price target for the company from $202.00 to $170.00 in a report on Tuesday, April 29th. Finally, UBS Group reduced their price target on Diamondback Energy from $175.00 to $163.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $194.09.

Insiders Place Their Bets

In other Diamondback Energy news, Director Frank D. Tsuru acquired 2,000 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the purchase, the director now directly owns 5,730 shares in the company, valued at $896,802.30. This trade represents a 53.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Hof Matthew Kaes Van't sold 10,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the president now directly 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 owned by company insiders.

Diamondback Energy Company 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.

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