Diamondback Energy, Inc. (NASDAQ:FANG) Stock Holdings Boosted by Waverly Advisors LLC

Waverly Advisors LLC boosted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 150.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,610 shares of the oil and natural gas company's stock after purchasing an additional 2,170 shares during the quarter. Waverly Advisors LLC's holdings in Diamondback Energy were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wintrust Investments LLC purchased a new stake in Diamondback Energy in the fourth quarter valued at about $28,000. R Squared Ltd purchased a new position in shares of Diamondback Energy in the fourth quarter worth about $29,000. UMB Bank n.a. raised its stake in shares of Diamondback Energy by 247.3% in the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock worth $31,000 after purchasing an additional 136 shares during the last quarter. Key Financial Inc raised its stake in shares of Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company's stock worth $34,000 after purchasing an additional 188 shares during the last quarter. Finally, Ancora Advisors LLC raised its stake in shares of Diamondback Energy by 182.9% in the fourth quarter. Ancora Advisors LLC now owns 232 shares of the oil and natural gas company's stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 90.01% of the company's stock.

Insiders Place Their Bets

In related news, President Hof Matthew Kaes Van't sold 10,000 shares of the business's stock in a transaction dated 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 approximately $17,214,835.05. The trade was a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. KeyCorp reduced their price target on Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Mizuho decreased their price objective on Diamondback Energy from $186.00 to $179.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Susquehanna decreased 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. Wells Fargo & Company decreased their price objective on Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, Royal Bank of Canada began coverage on Diamondback Energy in a report on Friday, May 2nd. They issued an "outperform" rating and a $180.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Diamondback Energy presently has an average rating of "Buy" and an average price target of $193.09.

Diamondback Energy Trading Down 2.6%

Shares of NASDAQ:FANG traded down $3.65 during midday trading on Friday, reaching $134.16. The company's stock had a trading volume of 542,001 shares, compared to its average volume of 2,150,332. The firm has a market cap of $39.20 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. 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 1 year low of $114.00 and a 1 year high of $214.50. The business has a 50 day moving average price of $138.19 and a 200 day moving average price of $155.52.

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

Diamondback Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, May 15th. Diamondback Energy's dividend payout ratio (DPR) is presently 24.46%.

About Diamondback Energy

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.