GTS Securities LLC Has $1.30 Million Position in Diamondback Energy, Inc. (NASDAQ:FANG)

GTS Securities LLC increased its position in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 111.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,920 shares of the oil and natural gas company's stock after purchasing an additional 4,174 shares during the period. GTS Securities LLC's holdings in Diamondback Energy were worth $1,298,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Magnolia Capital Advisors LLC grew its stake in Diamondback Energy by 2.0% in the fourth quarter. Magnolia Capital Advisors LLC now owns 3,247 shares of the oil and natural gas company's stock worth $532,000 after purchasing an additional 64 shares in the last quarter. Barden Capital Management Inc. grew its stake in 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 worth $718,000 after purchasing an additional 64 shares in the last quarter. Greenleaf Trust grew its stake in Diamondback Energy by 1.0% in the fourth quarter. Greenleaf Trust now owns 6,892 shares of the oil and natural gas company's stock worth $1,129,000 after purchasing an additional 66 shares in the last quarter. Buckhead Capital Management LLC grew its stake in Diamondback Energy by 0.3% in the fourth quarter. Buckhead Capital Management LLC now owns 19,830 shares of the oil and natural gas company's stock worth $3,249,000 after purchasing an additional 67 shares in the last quarter. Finally, Center For Asset Management LLC grew its stake in Diamondback Energy by 3.6% in the fourth quarter. Center For Asset Management LLC now owns 1,976 shares of the oil and natural gas company's stock worth $324,000 after purchasing an additional 68 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on FANG. Williams Trading set a $190.00 price target on Diamondback Energy in a research note on Wednesday, March 5th. Citigroup upgraded Diamondback Energy from a "reduce" rating to a "buy" rating and lifted their target price for the company from $157.00 to $180.00 in a research note on Monday, April 7th. Raymond James restated a "strong-buy" rating on shares of Diamondback Energy in a research note on Thursday, May 22nd. KeyCorp decreased their target price on Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Morgan Stanley decreased their target price on Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $193.09.

Insider Buying and Selling

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of the company's stock in a transaction 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 transaction, the president now owns 120,645 shares of the company's stock, valued at approximately $17,214,835.05. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Diamondback Energy Price Performance

NASDAQ:FANG traded down $3.72 during midday trading on Friday, hitting $134.09. 634,401 shares of the stock were exchanged, compared to its average volume of 2,150,791. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $214.50. The company has a market capitalization of $39.18 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 1.24 and a beta of 1.06. The business has a 50-day moving average price of $138.19 and a two-hundred day moving average price of $155.52. 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 (NASDAQ:FANG - Get Free Report) last announced its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 EPS for the quarter, topping the consensus estimate of $3.67 by $0.87. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The firm 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 company earned $4.50 earnings per share. The firm's quarterly revenue was up 81.8% compared to the same quarter last year. Sell-side analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $4.00 annualized dividend and a yield of 2.98%. Diamondback Energy's payout ratio is 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.