Opinicus Capital Inc. Makes New $262,000 Investment in Diamondback Energy, Inc. (NASDAQ:FANG)

Opinicus Capital Inc. purchased a new stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,598 shares of the oil and natural gas company’s stock, valued at approximately $262,000.

Several other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Diamondback Energy in the fourth quarter worth $29,000. UMB Bank n.a. boosted its holdings in shares of Diamondback Energy by 247.3% in the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 136 shares in the last quarter. Values First Advisors Inc. bought a new position in shares of Diamondback Energy during the 3rd quarter valued at about $42,000. CVA Family Office LLC raised its holdings in shares of Diamondback Energy by 28.1% during the 3rd quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company’s stock valued at $51,000 after buying an additional 65 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in Diamondback Energy in the 3rd quarter worth approximately $52,000. Institutional investors own 90.01% of the company’s stock.

Insider Transactions at Diamondback Energy

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total value of $208,150.00. Following the sale, the director now owns 4,712 shares in the company, valued at $852,872. This represents a 19.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Susquehanna reduced their price target on shares of Diamondback Energy from $237.00 to $233.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. Raymond James lifted their target price on shares of Diamondback Energy from $237.00 to $256.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group started coverage on Diamondback Energy in a research note on Monday, December 2nd. They set a “buy” rating and a $227.00 price objective on the stock. StockNews.com raised Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. raised their price target on Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $215.00.

Diamondback Energy Trading Down 1.2 %

FANG opened at $158.13 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 52 week low of $151.25 and a 52 week high of $214.50. The stock has a market cap of $46.17 billion, a PE ratio of 9.05, a PEG ratio of 1.28 and a beta of 1.86. The business has a 50 day moving average of $167.93 and a 200-day moving average of $179.75.

Diamondback Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, November 14th. Diamondback Energy’s dividend payout ratio (DPR) is presently 20.61%.

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.