Diamondback Energy, Inc. (NASDAQ:FANG) Shares Purchased by Guardian Wealth Advisors LLC NC

Guardian Wealth Advisors LLC NC raised its holdings in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 34.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,194 shares of the oil and natural gas company's stock after buying an additional 3,373 shares during the quarter. Guardian Wealth Advisors LLC NC's holdings in Diamondback Energy were worth $2,162,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FANG. QRG Capital Management Inc. grew its stake in shares of Diamondback Energy by 38.4% in the 4th quarter. QRG Capital Management Inc. now owns 11,675 shares of the oil and natural gas company's stock worth $1,913,000 after buying an additional 3,238 shares during the last quarter. Swedbank AB raised its position in shares of Diamondback Energy by 28.0% in the 4th quarter. Swedbank AB now owns 198,283 shares of the oil and natural gas company's stock worth $32,485,000 after purchasing an additional 43,361 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Diamondback Energy by 631.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 43,148 shares of the oil and natural gas company's stock worth $7,069,000 after purchasing an additional 37,246 shares in the last quarter. Franklin Resources Inc. grew its position in Diamondback Energy by 48.5% during the 3rd quarter. Franklin Resources Inc. now owns 146,870 shares of the oil and natural gas company's stock valued at $28,008,000 after purchasing an additional 47,951 shares during the last quarter. Finally, Tectonic Advisors LLC increased its stake in Diamondback Energy by 38.2% during the 4th quarter. Tectonic Advisors LLC now owns 31,467 shares of the oil and natural gas company's stock valued at $5,155,000 after purchasing an additional 8,704 shares in the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup raised shares of Diamondback Energy from a "reduce" rating to a "buy" rating and raised their price target for the company from $157.00 to $180.00 in a research report on Monday, April 7th. Morgan Stanley reaffirmed an "overweight" rating on shares of Diamondback Energy in a report on Tuesday, April 15th. KeyCorp reduced their price objective on Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Barclays lowered their target price on shares of Diamondback Energy from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, UBS Group reduced their price target on shares of Diamondback Energy from $175.00 to $163.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $195.57.

Diamondback Energy Stock Up 1.8%

Shares of FANG stock traded up $2.56 during trading hours on Tuesday, reaching $145.48. 444,240 shares of the company's stock were exchanged, compared to its average volume of 2,581,566. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $214.50. The stock's fifty day moving average price is $141.07 and its two-hundred day moving average price is $158.80. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The stock has a market cap of $42.51 billion, a PE ratio of 8.33, a PEG ratio of 1.24 and a beta of 1.06.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.58 billion. During the same quarter in the previous year, the business earned $4.50 EPS. Diamondback Energy's revenue for the quarter was up 81.8% compared to the same quarter last year. Research analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be issued a $1.00 dividend. The ex-dividend date is Thursday, May 15th. This represents a $4.00 annualized dividend and a yield of 2.75%. Diamondback Energy's dividend payout ratio (DPR) is presently 24.46%.

Insiders Place Their Bets

In other news, Director Frank D. Tsuru acquired 2,000 shares of Diamondback Energy stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the acquisition, the director now owns 5,730 shares of the company's stock, valued at $896,802.30. This trade represents a 53.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed 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.