EULAV Asset Management Has $3.31 Million Stake in Diamondback Energy, Inc. $FANG

EULAV Asset Management trimmed its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,000 shares of the oil and natural gas company’s stock after selling 3,000 shares during the quarter. EULAV Asset Management’s holdings in Diamondback Energy were worth $3,307,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new stake in Diamondback Energy during the fourth quarter worth $25,000. Laurel Wealth Advisors LLC bought a new stake in Diamondback Energy during the fourth quarter worth $26,000. Richardson Financial Services Inc. grew its holdings in Diamondback Energy by 245.1% during the fourth quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 125 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Diamondback Energy during the third quarter worth $26,000. Finally, Wellington Shields & Co. LLC grew its holdings in Diamondback Energy by 264.7% during the fourth quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock worth $28,000 after buying an additional 135 shares in the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Trading Down 5.1%

Shares of Diamondback Energy stock opened at $192.62 on Friday. Diamondback Energy, Inc. has a 1 year low of $134.30 and a 1 year high of $214.51. The firm has a market cap of $54.19 billion, a PE ratio of 223.98 and a beta of 0.42. The stock has a fifty day moving average price of $196.07 and a 200-day moving average price of $173.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.49. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the firm posted $4.54 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Diamondback Energy, Inc. will post 19.54 EPS for the current year.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.3%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s payout ratio is 511.63%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FANG. Morgan Stanley upped their price target on Diamondback Energy from $224.00 to $229.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. TD Cowen upgraded Diamondback Energy to a “strong-buy” rating in a report on Monday, February 9th. The Goldman Sachs Group upped their price target on Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. UBS Group upped their price target on Diamondback Energy from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Finally, Roth Mkm reiterated a “neutral” rating and set a $205.00 price target on shares of Diamondback Energy in a report on Tuesday, May 5th. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $223.26.

Insider Activity

In other news, Director Steven E. West sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the completion of the sale, the director directly owned 4,484 shares of the company’s stock, valued at $844,561.40. This trade represents a 57.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Teresa L. Dick sold 7,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $200.90, for a total value of $1,406,300.00. Following the sale, the chief accounting officer directly owned 85,755 shares of the company’s stock, valued at approximately $17,228,179.50. This represents a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 86,321 shares of company stock worth $16,386,359. 0.64% of the stock is owned by insiders.

Key Headlines Impacting Diamondback Energy

Here are the key news stories impacting Diamondback Energy this week:

• Positive Sentiment: Zacks Research and KeyCorp both lifted several near- and longer-term earnings estimates for Diamondback Energy, suggesting analysts still see solid profit potential ahead. Zacks also reiterated a Hold rating, while KeyCorp kept an Overweight rating and a $225 price target.
• Positive Sentiment: Zacks described Diamondback Energy as a strong momentum stock, which may reinforce bullish sentiment around the name. Zacks momentum stock article
• Neutral Sentiment: One article noted that Diamondback Energy has been trading near highs, but the focus was on market activity rather than a direct company-specific catalyst.
• Negative Sentiment: Financial Post reported that the daughter of late wildcatter Autry Stephens is offloading a $2 billion energy stake, including a Diamondback Energy position. Large insider- or major-holder selling can weigh on sentiment because investors may view it as profit-taking after a strong run. Stephens family stake sale in Diamondback Energy

Diamondback Energy Company Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.