Diamondback Energy, Inc. $FANG Shares Purchased by Cape Investment Advisory Inc.

Cape Investment Advisory Inc. raised its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 148.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 343 shares of the oil and natural gas company’s stock after buying an additional 205 shares during the period. Cape Investment Advisory Inc.’s holdings in Diamondback Energy were worth $55,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Investor s Fiduciary Advisor Network LLC grew its holdings in Diamondback Energy by 2.1% during the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 3,559 shares of the oil and natural gas company’s stock valued at $569,000 after buying an additional 74 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Diamondback Energy by 5.6% during the first quarter. Mesirow Financial Investment Management Inc. now owns 1,414 shares of the oil and natural gas company’s stock worth $226,000 after purchasing an additional 75 shares during the last quarter. FourThought Financial Partners LLC boosted its holdings in shares of Diamondback Energy by 2.9% during the first quarter. FourThought Financial Partners LLC now owns 2,779 shares of the oil and natural gas company’s stock worth $444,000 after purchasing an additional 78 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Diamondback Energy by 65.0% during the first quarter. Grove Bank & Trust now owns 203 shares of the oil and natural gas company’s stock worth $32,000 after purchasing an additional 80 shares during the last quarter. Finally, Biondo Investment Advisors LLC boosted its holdings in Diamondback Energy by 0.3% in the first quarter. Biondo Investment Advisors LLC now owns 28,858 shares of the oil and natural gas company’s stock valued at $4,614,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Stock Down 2.8%

Shares of NASDAQ FANG opened at $138.71 on Monday. The firm has a market cap of $40.16 billion, a price-to-earnings ratio of 9.86 and a beta of 1.15. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $200.47. The stock’s 50-day simple moving average is $142.93 and its 200-day simple moving average is $142.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.52 and a current ratio of 0.55.

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

Diamondback Energy Dividend Announcement

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

Insider Buying and Selling

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 value of $2,913,120.00. Following the completion of the transaction, the chairman directly owned 102,145 shares in the company, valued at approximately $14,586,306. This trade represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

FANG has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Diamondback Energy from $210.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. UBS Group raised their price objective on Diamondback Energy from $163.00 to $171.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Wall Street Zen lowered Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Raymond James Financial dropped their target price on Diamondback Energy from $221.00 to $212.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, August 20th. Finally, Bank of America lifted their target price on Diamondback Energy from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $193.17.

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.