Heck Capital Advisors LLC Buys Shares of 5,171 Diamondback Energy, Inc. (NASDAQ:FANG)

Heck Capital Advisors LLC purchased a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,171 shares of the oil and natural gas company's stock, valued at approximately $847,000.

Other institutional investors have also modified their holdings of the company. Wintrust Investments LLC bought a new position in shares of Diamondback Energy during the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in shares of Diamondback Energy in the fourth quarter valued at $29,000. UMB Bank n.a. grew its holdings in Diamondback Energy by 247.3% during the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock worth $31,000 after acquiring an additional 136 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of Diamondback Energy in the 4th quarter worth approximately $33,000. Finally, Key Financial Inc increased its holdings in shares of Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company's stock valued at $34,000 after buying an additional 188 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company's stock.

Insider Buying and Selling

In other news, Director Frank D. Tsuru bought 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 acquisition, the director now owns 5,730 shares in the company, valued at approximately $896,802.30. This trade represents a 53.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Hof Matthew Kaes Van't sold 10,000 shares of the 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 transaction, the president now directly owns 120,645 shares of the company's stock, valued at $17,214,835.05. This trade represents 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 currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FANG shares. Mizuho dropped their price target on Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Evercore ISI started coverage on Diamondback Energy in a report on Tuesday, May 6th. They issued an "outperform" rating and a $165.00 price objective on the stock. Truist Financial lifted their price target on Diamondback Energy from $238.00 to $242.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Royal Bank of Canada started coverage on Diamondback Energy in a research report on Friday, May 2nd. They set an "outperform" rating and a $180.00 target price on the stock. Finally, Bank of America upped their price objective on shares of Diamondback Energy from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $193.09.

Diamondback Energy Trading Down 0.9%

FANG traded down $1.21 during mid-day trading on Wednesday, hitting $136.28. The stock had a trading volume of 1,903,442 shares, compared to its average volume of 2,154,282. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The firm has a market capitalization of $39.82 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The stock's fifty day simple moving average is $138.66 and its 200-day simple moving average is $155.81.

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. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The business 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 business posted $4.50 EPS. Diamondback Energy's revenue for the quarter was up 81.8% on a year-over-year basis. As a group, research analysts forecast that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Thursday, May 15th. Diamondback Energy's dividend payout ratio is 24.46%.

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.