JVL Advisors L.L.C. trimmed its stake in Diamondback Energy Inc (NASDAQ:FANG) by 45.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,961 shares of the oil and natural gas company’s stock after selling 80,039 shares during the period. Diamondback Energy comprises approximately 7.6% of JVL Advisors L.L.C.’s investment portfolio, making the stock its 5th biggest position. JVL Advisors L.L.C. owned approximately 0.06% of Diamondback Energy worth $10,457,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Penserra Capital Management LLC boosted its position in shares of Diamondback Energy by 7.6% during the 1st quarter. Penserra Capital Management LLC now owns 1,438 shares of the oil and natural gas company’s stock valued at $145,000 after purchasing an additional 102 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Diamondback Energy by 0.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 25,041 shares of the oil and natural gas company’s stock worth $2,727,000 after buying an additional 103 shares in the last quarter. Oakbrook Investments LLC grew its position in shares of Diamondback Energy by 1.7% during the 2nd quarter. Oakbrook Investments LLC now owns 7,350 shares of the oil and natural gas company’s stock worth $801,000 after buying an additional 125 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Diamondback Energy by 2.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,805 shares of the oil and natural gas company’s stock worth $488,000 after buying an additional 126 shares during the period. Finally, Hartford Investment Management Co. grew its position in shares of Diamondback Energy by 0.8% during the 2nd quarter. Hartford Investment Management Co. now owns 16,662 shares of the oil and natural gas company’s stock worth $1,816,000 after buying an additional 138 shares during the period. 99.30% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Hof Matthew Kaes Van’t sold 1,500 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $107.47, for a total value of $161,205.00. Following the completion of the sale, the chief financial officer now owns 27,465 shares in the company, valued at $2,951,663.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Travis D. Stice bought 4,186 shares of the stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $95.55 per share, with a total value of $399,972.30. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 11,500 shares of company stock worth $1,199,165. 0.47% of the stock is owned by insiders.

A number of research analysts recently issued reports on the stock. Oppenheimer dropped their target price on shares of Diamondback Energy from $151.00 to $138.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. JPMorgan Chase & Co. decreased their price target on shares of Diamondback Energy from $155.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, August 14th. KeyCorp lifted their price target on shares of Diamondback Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Wells Fargo & Co upped their price objective on shares of Diamondback Energy from $169.00 to $171.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Credit Suisse Group initiated coverage on shares of Diamondback Energy in a research report on Monday, June 17th. They set an “outperform” rating and a $135.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Diamondback Energy has an average rating of “Buy” and an average target price of $152.95.

Shares of FANG traded down $0.74 on Wednesday, reaching $98.72. The company’s stock had a trading volume of 823,323 shares, compared to its average volume of 1,431,815. Diamondback Energy Inc has a twelve month low of $85.19 and a twelve month high of $140.78. The stock has a market capitalization of $16.22 billion, a PE ratio of 16.82, a PEG ratio of 0.47 and a beta of 0.83. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $97.69 and a 200-day moving average of $102.61.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, August 6th. The oil and natural gas company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.04). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. Diamondback Energy had a net margin of 26.92% and a return on equity of 6.50%. Diamondback Energy’s revenue for the quarter was up 93.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS. As a group, equities analysts anticipate that Diamondback Energy Inc will post 7.21 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were issued a $0.188 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.76%. Diamondback Energy’s dividend payout ratio is presently 12.78%.

Diamondback Energy Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily 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.

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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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