Guggenheim Capital LLC Has $11.82 Million Holdings in Diamondback Energy, Inc. $FANG

Guggenheim Capital LLC grew its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 12.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,034 shares of the oil and natural gas company’s stock after purchasing an additional 9,515 shares during the quarter. Guggenheim Capital LLC’s holdings in Diamondback Energy were worth $11,821,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FANG. Harbour Investments Inc. lifted its holdings in shares of Diamondback Energy by 26.7% during the first quarter. Harbour Investments Inc. now owns 929 shares of the oil and natural gas company’s stock worth $149,000 after buying an additional 196 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Diamondback Energy by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 47,375 shares of the oil and natural gas company’s stock worth $7,574,000 after acquiring an additional 3,254 shares during the period. Blair William & Co. IL raised its stake in Diamondback Energy by 9.8% in the 1st quarter. Blair William & Co. IL now owns 4,280 shares of the oil and natural gas company’s stock worth $684,000 after purchasing an additional 382 shares in the last quarter. Cary Street Partners Financial LLC increased its holdings in shares of Diamondback Energy by 36.3% during the first quarter. Cary Street Partners Financial LLC now owns 458 shares of the oil and natural gas company’s stock worth $73,000 after purchasing an additional 122 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in shares of Diamondback Energy by 7.6% in the first quarter. Westwood Holdings Group Inc. now owns 30,096 shares of the oil and natural gas company’s stock valued at $4,812,000 after buying an additional 2,120 shares in the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Stock Up 0.7%

Shares of FANG opened at $159.51 on Friday. The stock’s 50-day moving average price is $145.70 and its two-hundred day moving average price is $143.34. Diamondback Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $180.91. The company has a market capitalization of $45.68 billion, a PE ratio of 11.08 and a beta of 0.63. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.14. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.48 billion. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The firm’s revenue was up 48.4% compared to the same quarter last year. During the same period last year, the company earned $3.19 earnings per share. On average, analysts anticipate that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a $1.00 dividend. The ex-dividend date was Thursday, November 13th. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. Diamondback Energy’s payout ratio is currently 27.80%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FANG shares. Melius Research initiated coverage on Diamondback Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $213.00 target price on the stock. Melius assumed coverage on shares of Diamondback Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $213.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Diamondback Energy from $160.00 to $169.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Susquehanna dropped their price target on Diamondback Energy to $188.00 and set a “positive” rating for the company in a research note on Monday, October 20th. Finally, Evercore ISI boosted their price objective on Diamondback Energy from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $186.95.

Diamondback Energy Company 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.