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Kapitalo Investimentos Ltda Raises Stock Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Diamondback Energy logo with Oils/Energy background

Kapitalo Investimentos Ltda grew its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 1,842.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,390 shares of the oil and natural gas company's stock after purchasing an additional 4,164 shares during the period. Kapitalo Investimentos Ltda's holdings in Diamondback Energy were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. MCF Advisors LLC increased its position in shares of Diamondback Energy by 8.6% during the fourth quarter. MCF Advisors LLC now owns 846 shares of the oil and natural gas company's stock worth $131,000 after acquiring an additional 67 shares in the last quarter. Bleakley Financial Group LLC grew its position in Diamondback Energy by 2.5% in the 4th quarter. Bleakley Financial Group LLC now owns 3,115 shares of the oil and natural gas company's stock worth $483,000 after purchasing an additional 75 shares in the last quarter. Simplicity Solutions LLC grew its position in shares of Diamondback Energy by 2.5% during the 4th quarter. Simplicity Solutions LLC now owns 3,115 shares of the oil and natural gas company's stock valued at $483,000 after acquiring an additional 75 shares during the period. Baldwin Investment Management LLC grew its position in shares of Diamondback Energy by 1.2% during the 4th quarter. Baldwin Investment Management LLC now owns 6,170 shares of the oil and natural gas company's stock valued at $957,000 after acquiring an additional 75 shares during the period. Finally, J.W. Cole Advisors Inc. grew its position in shares of Diamondback Energy by 3.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 2,796 shares of the oil and natural gas company's stock valued at $434,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 90.01% of the company's stock.


Insider Transactions at Diamondback Energy

In other news, CFO Hof Matthew Kaes Van't sold 12,000 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $190.82, for a total value of $2,289,840.00. Following the transaction, the chief financial officer now owns 185,882 shares in the company, valued at $35,470,003.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Diamondback Energy news, COO Daniel N. Wesson sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $197.14, for a total transaction of $1,182,840.00. Following the completion of the sale, the chief operating officer now directly owns 69,677 shares of the company's stock, valued at $13,736,123.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Hof Matthew Kaes Van't sold 12,000 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $190.82, for a total transaction of $2,289,840.00. Following the sale, the chief financial officer now directly owns 185,882 shares of the company's stock, valued at $35,470,003.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,900 shares of company stock worth $11,006,290. Corporate insiders own 0.48% of the company's stock.

Analyst Ratings Changes

FANG has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on shares of Diamondback Energy in a research note on Thursday, June 6th. They set an "outperform" rating and a $243.00 price target on the stock. KeyCorp increased their target price on shares of Diamondback Energy from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Monday, April 22nd. Wells Fargo & Company lowered their target price on shares of Diamondback Energy from $227.00 to $224.00 and set an "overweight" rating on the stock in a research note on Thursday, May 2nd. Evercore ISI increased their target price on shares of Diamondback Energy from $185.00 to $215.00 and gave the stock an "outperform" rating in a research note on Monday, March 25th. Finally, Stifel Nicolaus increased their target price on shares of Diamondback Energy from $224.00 to $229.00 and gave the stock a "buy" rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $209.35.

View Our Latest Stock Analysis on Diamondback Energy

Diamondback Energy Stock Up 0.7 %

NASDAQ:FANG traded up $1.31 during mid-day trading on Tuesday, hitting $188.87. 1,124,043 shares of the company's stock were exchanged, compared to its average volume of 1,631,776. Diamondback Energy, Inc. has a one year low of $123.41 and a one year high of $211.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.92 and a quick ratio of 0.89. The business has a fifty day moving average price of $198.10 and a 200 day moving average price of $179.12. The company has a market cap of $33.68 billion, a PE ratio of 10.65 and a beta of 1.90.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The oil and natural gas company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.29 by $0.21. Diamondback Energy had a net margin of 36.71% and a return on equity of 19.36%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the firm posted $4.10 earnings per share. Diamondback Energy's quarterly revenue was up 15.7% on a year-over-year basis. Equities analysts predict that Diamondback Energy, Inc. will post 19.13 EPS for the current year.

Diamondback Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 15th were paid a $0.90 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.60 annualized dividend and a dividend yield of 1.91%. Diamondback Energy's dividend payout ratio is presently 20.29%.

Diamondback Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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