Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 2,455 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Town & Country Bank & Trust CO dba First Bankers Trust CO lessened its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 23.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,123 shares of the oil and natural gas company's stock after selling 2,455 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Diamondback Energy were worth $1,299,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Magnolia Capital Advisors LLC boosted its position in shares of Diamondback Energy by 2.0% during the fourth quarter. Magnolia Capital Advisors LLC now owns 3,247 shares of the oil and natural gas company's stock valued at $532,000 after buying an additional 64 shares during the last quarter. Barden Capital Management Inc. boosted its holdings in shares of Diamondback Energy by 1.5% during the 4th quarter. Barden Capital Management Inc. now owns 4,380 shares of the oil and natural gas company's stock valued at $718,000 after acquiring an additional 64 shares during the last quarter. Greenleaf Trust grew its stake in shares of Diamondback Energy by 1.0% in the fourth quarter. Greenleaf Trust now owns 6,892 shares of the oil and natural gas company's stock worth $1,129,000 after acquiring an additional 66 shares during the period. Buckhead Capital Management LLC raised its holdings in shares of Diamondback Energy by 0.3% during the fourth quarter. Buckhead Capital Management LLC now owns 19,830 shares of the oil and natural gas company's stock valued at $3,249,000 after purchasing an additional 67 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in Diamondback Energy by 4.8% during the fourth quarter. Private Trust Co. NA now owns 1,516 shares of the oil and natural gas company's stock valued at $248,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 90.01% of the company's stock.

Insider Activity

In related news, 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. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.70% of the company's stock.

Diamondback Energy Price Performance

Shares of FANG stock traded up $4.88 during mid-day trading on Tuesday, hitting $142.47. The company had a trading volume of 801,805 shares, compared to its average volume of 2,160,429. The company has a market capitalization of $41.63 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.24 and a beta of 1.06. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The stock's 50 day moving average price is $137.15 and its 200-day moving average price is $154.56.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 EPS for the quarter, topping analysts' consensus estimates of $3.67 by $0.87. The company had revenue of $4.05 billion for 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 revenue for the quarter was up 81.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.50 earnings per share. 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 announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, May 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.81%. Diamondback Energy's dividend payout ratio is currently 24.46%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FANG. Williams Trading set a $190.00 target price on shares of Diamondback Energy in a report on Wednesday, March 5th. Mizuho dropped their price target on Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Bank of America upped their price objective on Diamondback Energy from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. dropped their target price on Diamondback Energy from $167.00 to $161.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Scotiabank cut their price target on Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Diamondback Energy currently has a consensus rating of "Buy" and a consensus price target of $193.09.

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.