Thoma Capital Management LLC Acquires Shares of 3,905 Diamondback Energy, Inc. (NASDAQ:FANG)

Thoma Capital Management LLC purchased a new stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Diamondback Energy by 11.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,136,645 shares of the oil and natural gas company's stock valued at $1,496,859,000 after buying an additional 928,429 shares during the last quarter. Boston Partners grew its position in shares of Diamondback Energy by 12.4% during the 4th quarter. Boston Partners now owns 5,169,742 shares of the oil and natural gas company's stock valued at $849,202,000 after acquiring an additional 571,820 shares during the period. Geode Capital Management LLC increased its stake in shares of Diamondback Energy by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,710,165 shares of the oil and natural gas company's stock worth $769,706,000 after purchasing an additional 91,605 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Diamondback Energy by 13.7% in the 4th quarter. Bank of New York Mellon Corp now owns 4,163,070 shares of the oil and natural gas company's stock worth $682,036,000 after purchasing an additional 502,916 shares during the period. Finally, Demars Financial Group LLC bought a new position in Diamondback Energy in the 4th quarter worth $638,050,000. Hedge funds and other institutional investors own 90.01% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on FANG. Evercore ISI started coverage on Diamondback Energy in a research note on Tuesday, May 6th. They issued an "outperform" rating and a $165.00 price objective on the stock. Citigroup upgraded shares of Diamondback Energy from a "reduce" rating to a "buy" rating and raised their target price for the stock from $157.00 to $180.00 in a research note on Monday, April 7th. Raymond James reiterated a "strong-buy" rating on shares of Diamondback Energy in a research report on Thursday, May 22nd. Morgan Stanley reduced 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. Finally, Scotiabank lowered their target price on shares of Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $193.09.

Diamondback Energy Trading Down 2.0%

FANG traded down $2.82 on Friday, hitting $134.99. The company had a trading volume of 4,362,783 shares, compared to its average volume of 2,168,884. The business's fifty day simple moving average is $138.19 and its 200 day simple moving average is $155.52. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 12-month low of $114.00 and a 12-month high of $214.50. The company has a market cap of $39.44 billion, a PE ratio of 7.73, a PEG ratio of 1.24 and a beta of 1.06.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.87. The business had revenue of $4.05 billion during 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 for the quarter was up 81.8% on a year-over-year basis. During the same period last year, the company earned $4.50 EPS. Equities research analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Thursday, May 15th. Diamondback Energy's payout ratio is 24.46%.

Insider Buying and Selling at Diamondback Energy

In other news, President Hof Matthew Kaes Van't sold 10,000 shares of the company'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 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 SEC, which can be accessed through this link. Company insiders own 0.70% of the company's stock.

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.