Measured Wealth Private Client Group LLC Has $324,000 Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Measured Wealth Private Client Group LLC grew its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 28.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,976 shares of the oil and natural gas company’s stock after purchasing an additional 438 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Diamondback Energy were worth $324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FANG. Financial Advocates Investment Management grew its holdings in Diamondback Energy by 7.4% during the 4th quarter. Financial Advocates Investment Management now owns 2,049 shares of the oil and natural gas company’s stock worth $336,000 after acquiring an additional 142 shares during the last quarter. Caitlin John LLC lifted its holdings in shares of Diamondback Energy by 20.0% during the fourth quarter. Caitlin John LLC now owns 503 shares of the oil and natural gas company’s stock worth $82,000 after purchasing an additional 84 shares during the period. Legacy CG LLC grew its stake in shares of Diamondback Energy by 2.6% in the fourth quarter. Legacy CG LLC now owns 29,299 shares of the oil and natural gas company’s stock worth $4,800,000 after purchasing an additional 738 shares during the last quarter. Choreo LLC increased its holdings in Diamondback Energy by 8.9% in the fourth quarter. Choreo LLC now owns 8,124 shares of the oil and natural gas company’s stock valued at $1,310,000 after purchasing an additional 664 shares during the period. Finally, Tectonic Advisors LLC raised its position in Diamondback Energy by 38.2% during the 4th quarter. Tectonic Advisors LLC now owns 31,467 shares of the oil and natural gas company’s stock worth $5,155,000 after purchasing an additional 8,704 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 1,150 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 4,712 shares of the company’s stock, valued at $852,872. This trade represents a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. KeyCorp decreased their price target on Diamondback Energy from $225.00 to $216.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Wolfe Research raised shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. boosted their price target on shares of Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. 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 note on Thursday, January 23rd. Finally, UBS Group cut their price target on shares of Diamondback Energy from $235.00 to $212.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $215.00.

Diamondback Energy Trading Down 2.9 %

Shares of FANG stock opened at $160.03 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. The company has a market capitalization of $46.73 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 1.28 and a beta of 1.86. Diamondback Energy, Inc. has a 52-week low of $150.71 and a 52-week high of $214.50. The company has a 50-day simple moving average of $168.25 and a two-hundred day simple moving average of $179.89.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $4.62 by ($1.24). Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the previous year, the business posted $5.49 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. Research analysts anticipate that Diamondback Energy, Inc. will post 15.5 EPS for the current fiscal year.

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 paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, November 14th. Diamondback Energy’s payout ratio is 20.61%.

Diamondback Energy 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.