Diamondback Energy, Inc. $FANG Position Cut by Chilton Capital Management LLC

Chilton Capital Management LLC trimmed its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 5.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,721 shares of the oil and natural gas company’s stock after selling 360 shares during the quarter. Chilton Capital Management LLC’s holdings in Diamondback Energy were worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BankPlus Trust Department bought a new position in Diamondback Energy in the 1st quarter worth approximately $27,000. SouthState Corp grew its holdings in Diamondback Energy by 596.4% in the 1st quarter. SouthState Corp now owns 195 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 167 shares in the last quarter. WASHINGTON TRUST Co grew its holdings in Diamondback Energy by 119.8% in the 1st quarter. WASHINGTON TRUST Co now owns 200 shares of the oil and natural gas company’s stock worth $32,000 after buying an additional 109 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new position in Diamondback Energy in the 1st quarter worth approximately $33,000. Finally, Catalyst Capital Advisors LLC grew its holdings in Diamondback Energy by 60.9% in the 1st quarter. Catalyst Capital Advisors LLC now owns 222 shares of the oil and natural gas company’s stock worth $35,000 after buying an additional 84 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Insider Activity at Diamondback Energy

In other news, Chairman Travis D. Stice sold 20,400 shares of the stock in a transaction on 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 completion of the sale, the chairman owned 102,145 shares in the company, valued at approximately $14,586,306. This represents a 16.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Diamondback Energy in a report on Friday. Evercore ISI upped their target price on Diamondback Energy from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Scotiabank restated an “outperform” rating on shares of Diamondback Energy in a research report on Thursday, October 9th. Mizuho cut their target price on Diamondback Energy from $183.00 to $176.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Finally, Raymond James Financial cut their target price on Diamondback Energy from $221.00 to $212.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $189.91.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $145.86 on Monday. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $186.07. The stock has a fifty day moving average of $142.61 and a 200-day moving average of $141.03. The company has a market capitalization of $42.22 billion, a PE ratio of 10.37 and a beta of 1.04. 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 announced its quarterly earnings data 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). Diamondback Energy had a net margin of 27.25% and a return on equity of 9.48%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the company posted $4.52 EPS. Diamondback Energy’s revenue was up 48.1% on a year-over-year basis. As a group, equities analysts anticipate that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 14th. Diamondback Energy’s dividend payout ratio is 28.43%.

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.