Diamondback Energy, Inc. $FANG Stake Lessened by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,892 shares of the oil and natural gas company’s stock after selling 4,417 shares during the period. Hantz Financial Services Inc.’s holdings in Diamondback Energy were worth $7,651,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC bought a new stake in shares of Diamondback Energy in the 4th quarter worth about $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at about $26,000. Richardson Financial Services Inc. lifted its position in shares of Diamondback Energy by 245.1% during the fourth quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Diamondback Energy in the third quarter worth about $26,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Diamondback Energy in the fourth quarter worth about $31,000. 90.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on FANG shares. Benchmark cut Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Piper Sandler lifted their target price on Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. The Goldman Sachs Group boosted their price target on Diamondback Energy from $187.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Citigroup upped their price target on Diamondback Energy from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, UBS Group raised their price objective on Diamondback Energy from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Five equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $221.84.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Chairman Travis D. Stice sold 63,957 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $181.16, for a total value of $11,586,450.12. Following the sale, the chairman directly owned 305,314 shares in the company, valued at approximately $55,310,684.24. This trade represents a 17.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Teresa L. Dick sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $190.00, for a total transaction of $950,000.00. Following the transaction, the chief accounting officer directly owned 107,755 shares of the company’s stock, valued at approximately $20,473,450. This trade represents a 4.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 174,321 shares of company stock worth $32,090,475. 0.64% of the stock is owned by company insiders.

Diamondback Energy Price Performance

FANG opened at $200.71 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $194.64 and its 200 day moving average price is $170.53. Diamondback Energy, Inc. has a fifty-two week low of $133.75 and a fifty-two week high of $214.51. The firm has a market cap of $56.46 billion, a price-to-earnings ratio of 233.39 and a beta of 0.46.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.Diamondback Energy’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.54 earnings per share. As a group, sell-side analysts expect that Diamondback Energy, Inc. will post 19.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a dividend of $1.10 per share. The ex-dividend date was Thursday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.2%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s payout ratio is presently 511.63%.

Diamondback Energy Company 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.