HUB Investment Partners LLC Purchases 187 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

HUB Investment Partners LLC grew its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,319 shares of the oil and natural gas company’s stock after acquiring an additional 187 shares during the quarter. HUB Investment Partners LLC’s holdings in Diamondback Energy were worth $5,950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FANG. Mutual of America Capital Management LLC lifted its holdings in shares of Diamondback Energy by 2.6% in the third quarter. Mutual of America Capital Management LLC now owns 23,098 shares of the oil and natural gas company’s stock worth $3,982,000 after buying an additional 588 shares in the last quarter. Caprock Group LLC grew its holdings in Diamondback Energy by 3.0% during the 3rd quarter. Caprock Group LLC now owns 8,074 shares of the oil and natural gas company’s stock worth $1,392,000 after acquiring an additional 237 shares in the last quarter. Prospera Financial Services Inc lifted its position in shares of Diamondback Energy by 56.9% during the third quarter. Prospera Financial Services Inc now owns 4,553 shares of the oil and natural gas company’s stock valued at $786,000 after buying an additional 1,651 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Diamondback Energy during the third quarter valued at about $105,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Diamondback Energy in the 3rd quarter valued at approximately $585,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Wall Street Analyst Weigh In

FANG has been the subject of a number of recent research reports. The Goldman Sachs Group began coverage on shares of Diamondback Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $227.00 price target for the company. Wolfe Research raised Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Friday, January 3rd. Morgan Stanley increased their price target on shares of Diamondback Energy from $220.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their price target on Diamondback Energy from $219.00 to $215.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Finally, Mizuho raised their target price on Diamondback Energy from $201.00 to $204.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $209.92.

Insider Activity

In other news, Director Frank D. Tsuru purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $156.51 per share, with a total value of $313,020.00. Following the purchase, the director now owns 5,730 shares in the company, valued at $896,802.30. This represents a 53.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is owned by company insiders.

Diamondback Energy Price Performance

Shares of NASDAQ FANG opened at $157.60 on Thursday. The firm has a market cap of $45.62 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 1.24 and a beta of 1.85. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 1-year low of $137.09 and a 1-year high of $214.50. The business’s 50 day moving average is $161.05 and its 200-day moving average is $170.85.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.07. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.55 billion. Equities research analysts predict that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.54%. This is an increase from Diamondback Energy’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, March 6th. Diamondback Energy’s payout ratio is currently 25.32%.

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.