Diamondback Energy, Inc. (NASDAQ:FANG) Shares Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 412.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,799 shares of the oil and natural gas company's stock after purchasing an additional 6,276 shares during the period. Jefferies Financial Group Inc.'s holdings in Diamondback Energy were worth $1,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FANG. Wintrust Investments LLC bought a new position in shares of Diamondback Energy in the 4th quarter valued at about $28,000. R Squared Ltd bought a new position in shares of Diamondback Energy in the 4th quarter valued at about $29,000. Fourth Dimension Wealth LLC bought a new position in shares of Diamondback Energy in the 4th quarter valued at about $33,000. Key Financial Inc lifted its stake in 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 worth $34,000 after purchasing an additional 188 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in Diamondback Energy in the fourth quarter worth about $38,000. Institutional investors own 90.01% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FANG. Susquehanna decreased their price objective on shares of Diamondback Energy from $219.00 to $194.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price objective on shares of Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Truist Financial raised their price objective on shares of Diamondback Energy from $238.00 to $242.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. decreased their price objective on shares of Diamondback Energy from $167.00 to $161.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Finally, Raymond James reissued a "strong-buy" rating on shares of Diamondback Energy in a research note on Thursday, May 22nd. 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.com, the stock has an average rating of "Buy" and an average price target of $193.09.

Insider Activity

In related news, President Hof Matthew Kaes Van't sold 10,000 shares of the business's 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 transaction, the president now directly owns 120,645 shares in the company, valued at $17,214,835.05. The trade was a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.70% of the company's stock.

Diamondback Energy Stock Down 2.0%

NASDAQ FANG traded down $2.82 on Friday, hitting $134.99. The stock had a trading volume of 4,362,783 shares, compared to its average volume of 2,168,884. The stock has a market cap of $39.44 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $214.50. The business's fifty day moving average price is $137.66 and its 200 day moving average price is $155.21.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share for the quarter, beating analysts' consensus estimates of $3.67 by $0.87. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.58 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business's quarterly revenue was up 81.8% compared to the same quarter last year. During the same period in the previous year, the company earned $4.50 earnings per share. Equities research analysts anticipate that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) 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.