Unison Advisors LLC Has $2.17 Million Stock Holdings in Diamondback Energy, Inc. $FANG

Unison Advisors LLC boosted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,825 shares of the oil and natural gas company’s stock after buying an additional 125 shares during the quarter. Unison Advisors LLC’s holdings in Diamondback Energy were worth $2,174,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Stephens Inc. AR increased its position in Diamondback Energy by 5.0% during the second quarter. Stephens Inc. AR now owns 4,367 shares of the oil and natural gas company’s stock worth $600,000 after buying an additional 206 shares during the last quarter. Sentry Investment Management LLC increased its position in Diamondback Energy by 13.9% during the second quarter. Sentry Investment Management LLC now owns 2,771 shares of the oil and natural gas company’s stock worth $398,000 after buying an additional 339 shares during the last quarter. Uhlmann Price Securities LLC increased its position in Diamondback Energy by 1.3% during the second quarter. Uhlmann Price Securities LLC now owns 5,090 shares of the oil and natural gas company’s stock worth $699,000 after buying an additional 67 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its position in Diamondback Energy by 0.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 98,905 shares of the oil and natural gas company’s stock worth $13,590,000 after buying an additional 760 shares during the last quarter. Finally, Arista Wealth Management LLC acquired a new position in Diamondback Energy during the second quarter worth $358,000. 90.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Susquehanna lowered their target price on shares of Diamondback Energy from $192.00 to $188.00 and set a “positive” rating on the stock in a research report on Wednesday, July 23rd. UBS Group upped their price target on shares of Diamondback Energy from $163.00 to $171.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Wall Street Zen cut shares of Diamondback Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Melius Research began coverage on shares of Diamondback Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $213.00 price target for the company. Finally, Mizuho decreased their price target on shares of Diamondback Energy from $183.00 to $176.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Diamondback Energy presently has a consensus rating of “Buy” and a consensus target price of $189.91.

Diamondback Energy Stock Down 0.3%

FANG stock opened at $139.09 on Monday. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $186.74. The company has a market cap of $40.27 billion, a PE ratio of 9.89 and a beta of 1.04. The business’s 50-day simple moving average is $142.18 and its 200 day simple moving average is $140.36. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.35.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, August 4th. The oil and natural gas company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.05). Diamondback Energy had a return on equity of 9.48% and a net margin of 27.25%.The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the business earned $4.52 earnings per share. The firm’s quarterly revenue was up 48.1% compared to the same quarter last year. On average, research analysts anticipate that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $4.00 dividend on an annualized basis and a yield of 2.9%. Diamondback Energy’s dividend payout ratio (DPR) is 28.43%.

Insiders Place Their Bets

In related news, Chairman Travis D. Stice sold 20,400 shares of Diamondback Energy stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $142.80, for a total transaction of $2,913,120.00. Following the sale, the chairman directly owned 102,145 shares of the company’s stock, valued at $14,586,306. This trade represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is currently owned by company insiders.

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.