6,166 Shares in Diamondback Energy, Inc. (NASDAQ:FANG) Acquired by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC bought a new stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,166 shares of the oil and natural gas company's stock, valued at approximately $1,010,000.

Other institutional investors have also added to or reduced their stakes in the company. Wintrust Investments LLC bought a new stake in shares of Diamondback Energy in the 4th quarter valued at about $28,000. R Squared Ltd bought a new stake in shares of Diamondback Energy in the 4th quarter valued at about $29,000. UMB Bank n.a. boosted its stake in Diamondback Energy by 247.3% in the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock worth $31,000 after purchasing an additional 136 shares in the last quarter. Key Financial Inc boosted its stake in Diamondback Energy by 940.0% in the 4th 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 in the last quarter. Finally, Ancora Advisors LLC boosted its stake in Diamondback Energy by 182.9% in the 4th quarter. Ancora Advisors LLC now owns 232 shares of the oil and natural gas company's stock worth $38,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on FANG shares. Morgan Stanley reiterated an "overweight" rating on shares of Diamondback Energy in a research note on Tuesday, April 15th. Williams Trading set a $190.00 price objective on shares of Diamondback Energy in a research note on Wednesday, March 5th. Citigroup upgraded shares of Diamondback Energy from a "reduce" rating to a "buy" rating and lifted their price objective for the company from $157.00 to $180.00 in a research note on Monday, April 7th. Raymond James decreased their price objective on shares of Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating for the company in a research note on Wednesday, March 12th. Finally, 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. Two equities research 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 data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $194.09.

Diamondback Energy Trading Down 0.0%

FANG traded down $0.02 during midday trading on Thursday, hitting $136.29. The company's stock had a trading volume of 1,928,929 shares, compared to its average volume of 2,145,997. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The firm has a market cap of $39.82 billion, a P/E ratio of 7.80, a PEG ratio of 1.24 and a beta of 1.06. The firm has a 50-day moving average price of $140.68 and a two-hundred day moving average price of $157.33. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $214.50.

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 13.68% and a net margin of 33.64%. 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, research analysts anticipate that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, May 15th. Diamondback Energy's dividend payout ratio is currently 24.46%.

Insider Activity

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 now directly owns 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. Also, Director Frank D. Tsuru purchased 2,000 shares of Diamondback Energy stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the transaction, the director now directly owns 5,730 shares in the company, valued at $896,802.30. This represents a 53.62% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company's stock.

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.