Thomist Capital Management LP Buys Shares of 12,200 Diamondback Energy, Inc. (NASDAQ:FANG)

Thomist Capital Management LP acquired a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,200 shares of the oil and natural gas company's stock, valued at approximately $1,993,000.

A number of other large investors also recently modified their holdings of FANG. Toronto Dominion Bank grew its position in Diamondback Energy by 3.9% during the fourth quarter. Toronto Dominion Bank now owns 66,346 shares of the oil and natural gas company's stock worth $10,869,000 after buying an additional 2,468 shares in the last quarter. Sagefield Capital LP lifted its position in shares of Diamondback Energy by 26.3% in the 4th quarter. Sagefield Capital LP now owns 192,951 shares of the oil and natural gas company's stock worth $31,611,000 after acquiring an additional 40,129 shares during the period. Second Line Capital LLC grew its holdings in shares of Diamondback Energy by 25.6% during the 4th quarter. Second Line Capital LLC now owns 17,161 shares of the oil and natural gas company's stock worth $2,812,000 after purchasing an additional 3,493 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Diamondback Energy by 9.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 19,058 shares of the oil and natural gas company's stock valued at $3,122,000 after purchasing an additional 1,576 shares during the period. Finally, Rafferty Asset Management LLC raised its stake in shares of Diamondback Energy by 15.4% in the fourth quarter. Rafferty Asset Management LLC now owns 165,493 shares of the oil and natural gas company's stock valued at $27,113,000 after purchasing an additional 22,061 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FANG shares. Mizuho decreased their price target on shares of Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Royal Bank of Canada assumed coverage on shares of Diamondback Energy in a research report on Friday, May 2nd. They set an "outperform" rating and a $180.00 target price on the stock. UBS Group dropped their price target on shares of Diamondback Energy from $175.00 to $163.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Morgan Stanley reaffirmed an "overweight" rating on shares of Diamondback Energy in a report on Tuesday, April 15th. Finally, Williams Trading set a $190.00 target price on Diamondback Energy in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $194.09.

Insider Transactions at Diamondback Energy

In other Diamondback Energy news, Director Frank D. Tsuru acquired 2,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the acquisition, the director now directly owns 5,730 shares of the company's stock, valued at approximately $896,802.30. This represents a 53.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Hof Matthew Kaes Van't sold 10,000 shares of the company'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 sale, the president now owns 120,645 shares of the company's stock, valued at $17,214,835.05. The trade was a 7.65% decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Diamondback Energy Trading Down 1.5%

FANG stock traded down $2.04 during trading on Wednesday, hitting $136.31. The company had a trading volume of 1,649,641 shares, compared to its average volume of 2,142,997. The firm has a 50-day moving average price of $140.95 and a 200-day moving average price of $157.48. Diamondback Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $214.50. 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 market cap of $39.83 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 1.24 and a beta of 1.06.

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

Diamondback Energy Dividend Announcement

The firm also recently announced 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 is Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) is presently 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.