Vise Technologies Inc. Has $598,000 Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Vise Technologies Inc. increased its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 112.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,653 shares of the oil and natural gas company's stock after purchasing an additional 1,931 shares during the quarter. Vise Technologies Inc.'s holdings in Diamondback Energy were worth $598,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Demars Financial Group LLC bought a new position in shares of Diamondback Energy during the fourth quarter worth about $638,050,000. Raymond James Financial Inc. bought a new position in shares of Diamondback Energy during the fourth quarter worth about $298,327,000. Alyeska Investment Group L.P. bought a new stake in shares of Diamondback Energy during the fourth quarter valued at about $185,193,000. Price T Rowe Associates Inc. MD raised its stake in shares of 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 purchasing an additional 928,429 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Diamondback Energy by 30.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,817,554 shares of the oil and natural gas company's stock valued at $461,600,000 after purchasing an additional 658,644 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. KeyCorp cut their price objective on shares of Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Truist Financial lifted their price objective on shares of Diamondback Energy from $238.00 to $242.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Piper Sandler cut their price objective on shares of Diamondback Energy from $234.00 to $225.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Susquehanna cut their price objective on shares of Diamondback Energy from $219.00 to $194.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Finally, Scotiabank dropped their price target on shares of Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Two equities 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.com, Diamondback Energy presently has a consensus rating of "Buy" and a consensus target price of $193.09.

Diamondback Energy Trading Down 2.9%

NASDAQ:FANG traded down $3.95 during mid-day trading on Friday, hitting $133.86. The company had a trading volume of 542,001 shares, compared to its average volume of 2,150,349. The firm has a market cap of $39.11 billion, a P/E ratio of 7.70, a P/E/G ratio of 1.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. The business's fifty day moving average is $138.19 and its two-hundred day moving average is $155.52. Diamondback Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $214.50.

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, topping 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 return on equity of 13.68% and a net margin of 33.64%. Diamondback Energy's quarterly revenue was up 81.8% on a year-over-year basis. During the same period last year, the company earned $4.50 earnings per share. As a group, research analysts expect that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.99%. Diamondback Energy's payout ratio is 24.46%.

Insider Activity

In related news, President Hof Matthew Kaes Van't sold 10,000 shares of Diamondback Energy 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 completion of the sale, the president now directly owns 120,645 shares of the company's stock, valued at approximately $17,214,835.05. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.