XTX Topco Ltd Has $314,000 Position in Diamondback Energy, Inc. (NASDAQ:FANG)

XTX Topco Ltd lowered its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 76.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,967 shares of the oil and natural gas company's stock after selling 6,471 shares during the quarter. XTX Topco Ltd's holdings in Diamondback Energy were worth $314,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Scotia Capital Inc. grew its position in shares of Diamondback Energy by 13.7% in the 4th quarter. Scotia Capital Inc. now owns 17,094 shares of the oil and natural gas company's stock valued at $2,801,000 after purchasing an additional 2,063 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Diamondback Energy by 8.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 264,114 shares of the oil and natural gas company's stock worth $43,280,000 after acquiring an additional 20,670 shares in the last quarter. Crux Wealth Advisors bought a new stake in shares of Diamondback Energy during the fourth quarter worth $318,000. Sagespring Wealth Partners LLC bought a new position in Diamondback Energy during the 4th quarter worth about $1,153,000. Finally, Summit Investment Advisors Inc. increased its holdings in Diamondback Energy by 52.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,111 shares of the oil and natural gas company's stock worth $1,820,000 after purchasing an additional 3,841 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on FANG. Raymond James Financial increased their target price on Diamondback Energy from $204.00 to $221.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Susquehanna reduced their price objective on Diamondback Energy from $192.00 to $188.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Piper Sandler upped their price target on Diamondback Energy from $225.00 to $228.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Morgan Stanley reaffirmed an "overweight" rating on shares of Diamondback Energy in a research report on Tuesday, July 15th. Finally, UBS Group reduced their target price on shares of Diamondback Energy from $175.00 to $163.00 and set a "buy" rating for the company in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $191.59.

Diamondback Energy Trading Up 0.6%

Shares of Diamondback Energy stock opened at $142.03 on Monday. The business has a fifty day simple moving average of $143.67 and a two-hundred day simple moving average of $145.51. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $202.87. The company has a market capitalization of $41.12 billion, a price-to-earnings ratio of 10.09 and a beta of 1.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.52.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted its earnings results on Monday, August 4th. The oil and natural gas company reported $2.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.72 by ($0.05). The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.35 billion. Diamondback Energy had a return on equity of 9.48% and a net margin of 27.25%. The business's quarterly revenue was up 48.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.52 EPS. Research analysts forecast that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, August 14th. This represents a $4.00 annualized dividend and a yield of 2.8%. Diamondback Energy's dividend payout ratio (DPR) is 28.43%.

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.

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