Emfo LLC Purchases Shares of 1,000 Diamondback Energy, Inc. (NASDAQ:FANG)

Emfo LLC purchased a new stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the oil and natural gas company’s stock, valued at approximately $155,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BKM Wealth Management LLC acquired a new position in shares of Diamondback Energy during the fourth quarter worth $27,000. BluePath Capital Management LLC acquired a new position in shares of Diamondback Energy during the third quarter worth $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Diamondback Energy during the third quarter worth $32,000. FinTrust Capital Advisors LLC lifted its position in shares of Diamondback Energy by 232.8% during the fourth quarter. FinTrust Capital Advisors LLC now owns 213 shares of the oil and natural gas company’s stock worth $29,000 after purchasing an additional 149 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Diamondback Energy during the fourth quarter worth $34,000. 90.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FANG has been the topic of a number of recent research reports. KeyCorp boosted their target price on shares of Diamondback Energy from $186.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Bank Of America (Bofa) dropped their price target on shares of Diamondback Energy from $147.00 to $129.00 and set an “underperform” rating for the company in a research note on Thursday, January 18th. Susquehanna lifted their price target on shares of Diamondback Energy from $190.00 to $195.00 and gave the stock a “positive” rating in a research note on Tuesday, February 13th. Scotiabank lifted their price target on shares of Diamondback Energy from $210.00 to $255.00 and gave the stock a “sector outperform” rating in a research note on Thursday. Finally, UBS Group lifted their price target on shares of Diamondback Energy from $183.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Diamondback Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.95.

Insiders Place Their Bets

In other Diamondback Energy news, CEO Travis D. Stice sold 30,000 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $200.00, for a total transaction of $6,000,000.00. Following the sale, the chief executive officer now owns 446,610 shares in the company, valued at approximately $89,322,000. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, COO Daniel N. Wesson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $192.17, for a total value of $1,153,020.00. Following the transaction, the chief operating officer now owns 78,218 shares in the company, valued at approximately $15,031,153.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Travis D. Stice sold 30,000 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $200.00, for a total value of $6,000,000.00. Following the completion of the transaction, the chief executive officer now owns 446,610 shares in the company, valued at approximately $89,322,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,675 shares of company stock worth $11,311,096. Company insiders own 0.43% of the company’s stock.

Diamondback Energy Price Performance

NASDAQ FANG traded down $0.99 on Monday, reaching $205.35. The company’s stock had a trading volume of 1,228,854 shares, compared to its average volume of 1,777,951. Diamondback Energy, Inc. has a twelve month low of $123.41 and a twelve month high of $211.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.74 and a current ratio of 0.77. The stock has a market cap of $36.62 billion, a PE ratio of 11.96 and a beta of 1.93. The firm’s 50 day moving average is $184.85 and its two-hundred day moving average is $166.06.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Tuesday, February 20th. The oil and natural gas company reported $4.74 earnings per share for the quarter, beating analysts’ consensus estimates of $4.61 by $0.13. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.16 billion. Diamondback Energy had a net margin of 37.36% and a return on equity of 19.56%. Diamondback Energy’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $5.29 EPS. As a group, sell-side analysts predict that Diamondback Energy, Inc. will post 18.47 EPS for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were issued a dividend of $3.08 per share. This represents a $12.32 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Diamondback Energy’s previous quarterly dividend of $0.84. Diamondback Energy’s payout ratio is presently 20.76%.

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.