Vantage Investment Partners LLC Has $13.07 Million Position in Diamondback Energy, Inc. $FANG

Vantage Investment Partners LLC raised its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 9.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 91,349 shares of the oil and natural gas company’s stock after purchasing an additional 8,165 shares during the period. Vantage Investment Partners LLC’s holdings in Diamondback Energy were worth $13,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Woodmont Investment Counsel LLC grew its stake in Diamondback Energy by 1,123.0% during the second quarter. Woodmont Investment Counsel LLC now owns 43,515 shares of the oil and natural gas company’s stock worth $5,979,000 after buying an additional 39,957 shares in the last quarter. NorthRock Partners LLC grew its stake in shares of Diamondback Energy by 181.6% during the second quarter. NorthRock Partners LLC now owns 3,551 shares of the oil and natural gas company’s stock worth $488,000 after buying an additional 2,290 shares during the last quarter. WoodTrust Financial Corp acquired a new position in shares of Diamondback Energy during the third quarter worth $1,624,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Diamondback Energy by 9.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,385,428 shares of the oil and natural gas company’s stock valued at $198,255,000 after acquiring an additional 122,921 shares during the last quarter. Finally, Shell Asset Management Co. boosted its holdings in shares of Diamondback Energy by 22.9% during the 2nd quarter. Shell Asset Management Co. now owns 12,998 shares of the oil and natural gas company’s stock valued at $1,786,000 after acquiring an additional 2,423 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FANG. Mizuho reduced their price target on Diamondback Energy from $195.00 to $194.00 and set an “outperform” rating on the stock in a report on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $173.00 price target on shares of Diamondback Energy in a research report on Friday, October 10th. UBS Group lifted their price target on shares of Diamondback Energy from $174.00 to $194.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Susquehanna decreased their price objective on Diamondback Energy to $188.00 and set a “positive” rating for the company in a report on Monday, October 20th. Finally, Citigroup lowered their target price on Diamondback Energy from $180.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $186.24.

Diamondback Energy Price Performance

FANG stock opened at $151.85 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $150.80 and its 200 day simple moving average is $145.57. Diamondback Energy, Inc. has a 12-month low of $114.00 and a 12-month high of $180.29. The firm has a market cap of $43.49 billion, a price-to-earnings ratio of 10.55 and a beta of 0.59.

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

Diamondback Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, November 13th. Diamondback Energy’s dividend payout ratio (DPR) is 27.80%.

Insider Activity

In other news, Director Charles Alvin Meloy sold 377,911 shares of Diamondback Energy stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $138.61, for a total transaction of $52,382,243.71. Following the completion of the transaction, the director directly owned 1,044,864 shares in the company, valued at $144,828,599.04. This trade represents a 26.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by corporate 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.