Thoma Capital Management LLC Makes New $640,000 Investment in Diamondback Energy, Inc. (NASDAQ:FANG)

Thoma Capital Management LLC purchased a new stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,905 shares of the oil and natural gas company's stock, valued at approximately $640,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wintrust Investments LLC acquired a new position in shares of Diamondback Energy in the 4th quarter valued at $28,000. R Squared Ltd acquired a new stake in Diamondback Energy in the 4th quarter valued at about $29,000. Fourth Dimension Wealth LLC purchased a new position in Diamondback Energy during the fourth quarter worth approximately $33,000. Key Financial Inc boosted its position in shares of Diamondback Energy by 940.0% during the 4th quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company's stock valued at $34,000 after acquiring an additional 188 shares during the last quarter. Finally, Ancora Advisors LLC grew its stake in shares of 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 valued at $38,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 90.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Scotiabank lowered their price target on Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Raymond James reaffirmed a "strong-buy" rating on shares of Diamondback Energy in a research report on Thursday, May 22nd. Citigroup raised shares of Diamondback Energy from a "reduce" rating to a "buy" rating and raised their target price for the company from $157.00 to $180.00 in a report on Monday, April 7th. Barclays cut their price target on Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Diamondback Energy from $167.00 to $161.00 and set an "overweight" rating on the stock in a report 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $193.09.

Diamondback Energy Stock Performance

NASDAQ FANG traded down $2.82 during trading hours on Friday, hitting $134.99. 4,362,783 shares of the stock were exchanged, compared to its average volume of 2,165,804. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average of $137.66 and a 200 day moving average of $154.84. The company 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. Diamondback Energy, Inc. has a 12-month low of $114.00 and a 12-month high of $214.50.

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

Diamondback Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend 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%.

Insiders Place Their Bets

In other Diamondback Energy news, President Hof Matthew Kaes Van't sold 10,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $17,214,835.05. This represents a 7.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.

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.