BOK Financial Private Wealth Inc. Invests $1.01 Million in Diamondback Energy, Inc. (NASDAQ:FANG)

BOK Financial Private Wealth Inc. bought a new stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,501 shares of the oil and natural gas company's stock, valued at approximately $1,008,000.

Several other large investors have also recently bought and sold shares of the business. BKM Wealth Management LLC bought a new position in shares of Diamondback Energy in the fourth quarter worth about $27,000. BluePath Capital Management LLC acquired a new position in shares of Diamondback Energy in the third quarter valued at about $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Diamondback Energy in the third quarter valued at about $32,000. FinTrust Capital Advisors LLC grew its stake in shares of Diamondback Energy by 232.8% in the fourth quarter. FinTrust Capital Advisors LLC now owns 213 shares of the oil and natural gas company's stock valued at $29,000 after acquiring an additional 149 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Diamondback Energy during the fourth quarter worth about $34,000. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Price Performance

FANG traded down $1.92 during trading on Friday, reaching $206.34. The stock had a trading volume of 1,527,047 shares, compared to its average volume of 1,388,871. The firm has a market capitalization of $36.80 billion, a price-to-earnings ratio of 11.90 and a beta of 1.93. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 0.38. Diamondback Energy, Inc. has a 1-year low of $123.41 and a 1-year high of $211.96. The stock has a 50 day moving average of $184.85 and a two-hundred day moving average of $166.06.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its earnings results on Tuesday, February 20th. The oil and natural gas company reported $4.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $0.13. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. Diamondback Energy had a net margin of 37.36% and a return on equity of 19.56%. The company's revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $5.29 EPS. As a group, equities analysts anticipate that Diamondback Energy, Inc. will post 18.47 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were issued a dividend of $3.08 per share. This is a positive change from Diamondback Energy's previous quarterly dividend of $0.84. The ex-dividend date was Monday, March 4th. This represents a $12.32 annualized dividend and a dividend yield of 5.97%. Diamondback Energy's dividend payout ratio (DPR) is presently 20.76%.

Insider Activity

In related news, CEO Travis D. Stice sold 30,000 shares of the firm's stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $200.00, for a total transaction of $6,000,000.00. Following the sale, the chief executive officer now directly owns 446,610 shares in the company, valued at $89,322,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Teresa L. Dick sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $192.00, for a total transaction of $384,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 96,523 shares in the company, valued at approximately $18,532,416. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Travis D. Stice sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $200.00, for a total transaction of $6,000,000.00. Following the completion of the transaction, the chief executive officer now owns 446,610 shares of the company's stock, valued at $89,322,000. The disclosure for this sale can be found here. Insiders have sold 57,675 shares of company stock valued at $11,311,096 over the last three months. 0.43% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FANG shares. Barclays started coverage on shares of Diamondback Energy in a report on Wednesday. They issued an "equal weight" rating and a $214.00 price objective for the company. Raymond James lowered their target price on Diamondback Energy from $190.00 to $185.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, January 24th. UBS Group upped their price target on Diamondback Energy from $183.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, February 14th. Stifel Nicolaus increased their price target on shares of Diamondback Energy from $192.00 to $224.00 and gave the company a "buy" rating in a research report on Friday, March 22nd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $195.00 target price on shares of Diamondback Energy in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $196.05.

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.