Diamondback Energy, Inc. (NASDAQ:FANG) Holdings Raised by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 36.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,468 shares of the oil and natural gas company's stock after purchasing an additional 6,009 shares during the period. Global Wealth Management Investment Advisory Inc.'s holdings in Diamondback Energy were worth $3,592,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barden Capital Management Inc. boosted its holdings in shares of Diamondback Energy by 1.5% in the fourth 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 period. Grove Bank & Trust boosted its holdings in shares of Diamondback Energy by 65.0% in the first quarter. Grove Bank & Trust now owns 203 shares of the oil and natural gas company's stock valued at $32,000 after acquiring an additional 80 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of Diamondback Energy by 6.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,439 shares of the oil and natural gas company's stock worth $236,000 after purchasing an additional 82 shares during the period. Smithfield Trust Co lifted its holdings in shares of Diamondback Energy by 37.8% during the fourth quarter. Smithfield Trust Co now owns 310 shares of the oil and natural gas company's stock worth $50,000 after purchasing an additional 85 shares during the period. Finally, Center for Financial Planning Inc. lifted its holdings in shares of Diamondback Energy by 6.4% during the first quarter. Center for Financial Planning Inc. now owns 1,449 shares of the oil and natural gas company's stock worth $232,000 after purchasing an additional 87 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Diamondback Energy Trading Down 2.7%

Shares of NASDAQ FANG traded down $3.76 during midday trading on Monday, hitting $137.14. The stock had a trading volume of 667,065 shares, compared to its average volume of 2,276,677. The company has a market capitalization of $40.07 billion, a price-to-earnings ratio of 8.38 and a beta of 1.05. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $214.50. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average price of $140.42 and a 200 day moving average price of $149.97.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share for the quarter, beating 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 11.22% and a net margin of 30.84%. The company's revenue was up 81.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.50 EPS. On average, analysts predict that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.92%. The ex-dividend date was Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) is presently 24.46%.

Insider Buying and Selling

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 transaction of $1,426,900.00. Following the transaction, the president directly owned 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 legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on FANG. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Diamondback Energy in a report on Thursday, May 22nd. 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. Wells Fargo & Company increased their price objective on Diamondback Energy from $207.00 to $208.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Morgan Stanley cut their price objective on Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Finally, Bank of America increased their price objective on Diamondback Energy from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Two investment 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $193.13.

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.