3,509 Shares in Diamondback Energy, Inc. $FANG Acquired by Capital Financial Group Inc. Co. ADV

Capital Financial Group Inc. Co. ADV acquired a new stake in Diamondback Energy, Inc. (NASDAQ:FANG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,509 shares of the oil and natural gas company’s stock, valued at approximately $528,000.

Other large investors also recently bought and sold shares of the company. Smead Capital Management Inc. grew its position in Diamondback Energy by 24.6% in the third quarter. Smead Capital Management Inc. now owns 1,312,413 shares of the oil and natural gas company’s stock valued at $187,806,000 after acquiring an additional 258,738 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Diamondback Energy by 9.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,355,480 shares of the oil and natural gas company’s stock valued at $337,078,000 after acquiring an additional 198,919 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Diamondback Energy by 18.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 139,308 shares of the oil and natural gas company’s stock valued at $20,942,000 after acquiring an additional 21,575 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Diamondback Energy by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,441,622 shares of the oil and natural gas company’s stock valued at $216,719,000 after acquiring an additional 56,194 shares in the last quarter. Finally, Eagle Global Advisors LLC acquired a new stake in Diamondback Energy in the fourth quarter valued at approximately $5,472,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Stock Performance

Shares of FANG opened at $189.96 on Tuesday. The business’s fifty day moving average price is $195.63 and its 200 day moving average price is $175.86. Diamondback Energy, Inc. has a 12-month low of $134.30 and a 12-month high of $214.51. The stock has a market capitalization of $53.44 billion, a PE ratio of 220.89 and a beta of 0.42. 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 quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the business posted $4.54 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts forecast that Diamondback Energy, Inc. will post 19.92 EPS for the current year.

Diamondback Energy Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on FANG. The Goldman Sachs Group increased their price objective on shares of Diamondback Energy from $187.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $249.00 price objective on shares of Diamondback Energy in a research report on Wednesday, June 10th. Roth Mkm reaffirmed a “neutral” rating and issued a $205.00 price objective on shares of Diamondback Energy in a research report on Tuesday, May 5th. Sanford C. Bernstein increased their target price on Diamondback Energy from $237.00 to $241.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Truist Financial set a $242.00 target price on Diamondback Energy in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $223.63.

Insider Activity

In related news, Director Mark Lawrence Plaumann sold 500 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total transaction of $98,250.00. Following the transaction, the director directly owned 13,437 shares in the company, valued at $2,640,370.50. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $1,130,100.00. Following the transaction, the director owned 4,484 shares in the company, valued at $844,561.40. This trade represents a 57.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 53,315 shares of company stock valued at $10,414,384 over the last three months. 0.64% of the stock is currently owned by company insiders.

Diamondback Energy 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.