31,000 Shares in Diamondback Energy, Inc. $FANG Purchased by Moore Capital Management LP

Moore Capital Management LP bought a new stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) during the second quarter, Holdings Channel reports. The fund bought 31,000 shares of the oil and natural gas company’s stock, valued at approximately $5,449,000.

Several other large investors have also modified their holdings of FANG. Sigma Planning Corp increased its holdings in Diamondback Energy by 5.8% during the second quarter. Sigma Planning Corp now owns 3,701 shares of the oil and natural gas company’s stock valued at $650,000 after buying an additional 202 shares during the period. GTS Securities LLC bought a new stake in Diamondback Energy during the 2nd quarter valued at $265,000. Wedbush Securities Inc. boosted its position in Diamondback Energy by 1.5% during the 2nd quarter. Wedbush Securities Inc. now owns 4,979 shares of the oil and natural gas company’s stock valued at $875,000 after acquiring an additional 72 shares in the last quarter. Rational Advisors Inc. purchased a new position in shares of Diamondback Energy in the 2nd quarter valued at $744,000. Finally, Greenwood Capital Associates LLC increased its holdings in shares of Diamondback Energy by 15.3% in the 2nd quarter. Greenwood Capital Associates LLC now owns 29,128 shares of the oil and natural gas company’s stock valued at $5,120,000 after acquiring an additional 3,873 shares during the period. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Price Performance

Shares of FANG stock opened at $197.67 on Monday. The stock’s fifty day moving average price is $193.25 and its 200 day moving average price is $190.66. Diamondback Energy, Inc. has a 1-year low of $134.30 and a 1-year high of $216.90. The company has a market cap of $55.35 billion, a price-to-earnings ratio of 38.53 and a beta of 0.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.47 and a quick ratio of 0.45.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.08 by $0.40. The company had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%.The firm’s revenue was up 51.2% compared to the same quarter last year. During the same period last year, the business posted $2.38 earnings per share. On average, research analysts expect that Diamondback Energy, Inc. will post 20.13 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 13th. Diamondback Energy’s dividend payout ratio (DPR) is presently 85.77%.

Insider Activity at Diamondback Energy

In related news, CAO Teresa L. Dick sold 7,000 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $200.90, for a total value of $1,406,300.00. Following the completion of the sale, the chief accounting officer directly owned 85,755 shares in the company, valued at $17,228,179.50. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Lawrence Plaumann sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total transaction of $98,250.00. Following the sale, the director directly owned 13,437 shares in the company, valued at approximately $2,640,370.50. This represents a 3.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 124,167 shares of company stock valued at $23,711,609 in the last three months. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FANG. Wells Fargo & Company upped their price objective on Diamondback Energy from $262.00 to $263.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Susquehanna boosted their target price on shares of Diamondback Energy from $245.00 to $255.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Zacks Research lowered shares of Diamondback Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Sanford C. Bernstein raised their price target on shares of Diamondback Energy from $237.00 to $241.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Finally, Barclays cut their price objective on shares of Diamondback Energy from $232.00 to $221.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $222.21.

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.