SG Americas Securities LLC Has $24.31 Million Position in Diamondback Energy, Inc. $FANG

SG Americas Securities LLC lifted its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 171.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 161,711 shares of the oil and natural gas company’s stock after acquiring an additional 102,147 shares during the period. SG Americas Securities LLC’s holdings in Diamondback Energy were worth $24,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in Diamondback Energy by 2.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,153,135 shares of the oil and natural gas company’s stock valued at $158,441,000 after purchasing an additional 31,137 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Diamondback Energy by 9.9% in the 2nd quarter. Prudential Financial Inc. now owns 120,337 shares of the oil and natural gas company’s stock valued at $16,534,000 after purchasing an additional 10,806 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Diamondback Energy in the 2nd quarter valued at $360,000. Laurel Wealth Advisors LLC increased its stake in shares of Diamondback Energy by 13,640.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 23,633 shares of the oil and natural gas company’s stock valued at $3,247,000 after purchasing an additional 23,461 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Diamondback Energy by 403.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 10,438 shares of the oil and natural gas company’s stock worth $1,434,000 after buying an additional 8,366 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Trading Up 3.1%

NASDAQ FANG opened at $202.19 on Friday. The company has a market cap of $56.88 billion, a price-to-earnings ratio of 36.04 and a beta of 0.59. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $204.16. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.32. The business’s fifty day moving average is $172.11 and its 200 day moving average is $155.32.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.41 billion. Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.Diamondback Energy’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.67 EPS. As a group, sell-side analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were paid a $1.05 dividend. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, March 5th. Diamondback Energy’s payout ratio is currently 74.87%.

Insider Buying and Selling

In related news, Director Steven E. West sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $188.35, for a total value of $1,130,100.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Alvin Meloy sold 60,605 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $161.12, for a total transaction of $9,764,677.60. Following the sale, the director owned 982,006 shares in the company, valued at approximately $158,220,806.72. This represents a 5.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,209,212 shares of company stock valued at $199,689,401 over the last three months. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

FANG has been the topic of several research analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Diamondback Energy in a research note on Tuesday, February 24th. Mizuho boosted their target price on Diamondback Energy from $205.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Diamondback Energy in a report on Monday, December 29th. The Goldman Sachs Group raised their price target on shares of Diamondback Energy from $187.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Wells Fargo & Company lifted their price target on shares of Diamondback Energy from $171.00 to $202.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $194.48.

About Diamondback Energy

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.