Vident Advisory LLC Reduces Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Vident Advisory LLC lessened its holdings in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 53.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,690 shares of the oil and natural gas company's stock after selling 4,251 shares during the quarter. Vident Advisory LLC's holdings in Diamondback Energy were worth $605,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wintrust Investments LLC acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at $29,000. UMB Bank n.a. boosted its holdings in shares of Diamondback Energy by 247.3% during the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock valued at $31,000 after acquiring an additional 136 shares in the last quarter. Key Financial Inc boosted its holdings 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 in the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of Diamondback Energy during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 90.01% of the company's stock.

Insider Buying and Selling at Diamondback Energy

In other 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 value of $1,426,900.00. Following the transaction, the president now owns 120,645 shares in the company, valued at $17,214,835.05. The trade was a 7.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FANG. Piper Sandler cut their price objective on Diamondback Energy from $234.00 to $225.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Royal Bank of Canada began coverage on Diamondback Energy in a report on Friday, May 2nd. They set an "outperform" rating and a $180.00 price objective on the stock. Susquehanna cut their price objective on Diamondback Energy from $219.00 to $194.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley cut their price objective on Diamondback Energy from $186.00 to $183.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Finally, Truist Financial raised their price objective on Diamondback Energy from $238.00 to $242.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Diamondback Energy currently has a consensus rating of "Buy" and a consensus price target of $193.09.

Diamondback Energy Trading Down 2.3%

Shares of FANG stock traded down $3.13 during mid-day trading on Friday, hitting $134.68. The company's stock had a trading volume of 465,119 shares, compared to its average volume of 2,150,074. Diamondback Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $214.50. The company has a market cap of $39.35 billion, a PE ratio of 7.72, a P/E/G ratio of 1.24 and a beta of 1.06. The company's fifty day simple moving average is $138.19 and its 200-day simple moving average is $155.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 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 analyst estimates 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 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. As a group, equities research analysts expect that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The business also recently declared 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. The ex-dividend date was Thursday, May 15th. This represents a $4.00 dividend on an annualized basis and a yield of 2.97%. Diamondback Energy's dividend payout ratio (DPR) is currently 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.