Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Diamondback Energy, Inc. NASDAQ: FANG. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Diamondback Energy stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
Diamondback Energy Price Performance
NASDAQ FANG traded up $1.62 during trading on Tuesday, hitting $144.54. 548,942 shares of the stock traded hands, compared to its average volume of 2,583,915. The firm has a 50-day simple moving average of $141.07 and a 200-day simple moving average of $158.80. Diamondback Energy, Inc. has a 12-month low of $114.00 and a 12-month high of $214.50. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $42.23 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06.
Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its earnings results on Monday, May 5th. The oil and natural gas company reported $4.54 earnings per share for the quarter, topping 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 business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the firm posted $4.50 earnings per share. The business's revenue was up 81.8% compared to the same quarter last year. As a group, analysts predict 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, May 22nd. Stockholders of record on Thursday, May 15th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, May 15th. Diamondback Energy's payout ratio is currently 24.46%.
Insider Activity
In other news, Director Frank D. Tsuru bought 2,000 shares of Diamondback Energy stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $156.51 per share, with a total value of $313,020.00. Following the acquisition, the director now owns 5,730 shares of the company's stock, valued at approximately $896,802.30. This trade represents a 53.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company's stock.
Institutional Trading of Diamondback Energy
Hedge funds and other institutional investors have recently bought and sold shares of the business. Demars Financial Group LLC purchased a new position in shares of Diamondback Energy in the 4th quarter valued at about $638,050,000. Raymond James Financial Inc. acquired a new position in Diamondback Energy in the fourth quarter valued at approximately $298,327,000. Nuveen LLC purchased a new position in Diamondback Energy in the first quarter valued at approximately $230,039,000. Alyeska Investment Group L.P. acquired a new stake in Diamondback Energy during the fourth quarter worth approximately $185,193,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Diamondback Energy by 1,153.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,132,918 shares of the oil and natural gas company's stock valued at $185,606,000 after buying an additional 1,042,505 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently commented on FANG. UBS Group lowered their target price 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. Scotiabank cut their price objective on shares of Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Bank of America upgraded shares of Diamondback Energy from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $202.00 to $170.00 in a research report on Tuesday, April 29th. Truist Financial upped their price target on Diamondback Energy from $238.00 to $242.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Finally, Williams Trading set a $190.00 price target on shares of Diamondback Energy in a report on Wednesday, March 5th. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $195.57.
Check Out Our Latest Analysis on Diamondback Energy
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Diamondback Energy
(
Get 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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