Diamondback Energy, Inc. $FANG Shares Bought by Fiducient Advisors LLC

Fiducient Advisors LLC raised its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 4.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 238,133 shares of the oil and natural gas company’s stock after buying an additional 10,202 shares during the quarter. Diamondback Energy makes up 4.4% of Fiducient Advisors LLC’s investment portfolio, making the stock its 5th largest position. Fiducient Advisors LLC’s holdings in Diamondback Energy were worth $35,798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Scotia Capital Inc. lifted its holdings in Diamondback Energy by 0.3% in the third quarter. Scotia Capital Inc. now owns 19,719 shares of the oil and natural gas company’s stock valued at $2,822,000 after acquiring an additional 68 shares during the period. Equitable Trust Co. increased its position in Diamondback Energy by 0.7% during the 3rd quarter. Equitable Trust Co. now owns 10,030 shares of the oil and natural gas company’s stock worth $1,435,000 after purchasing an additional 73 shares in the last quarter. Valeo Financial Advisors LLC increased its position in Diamondback Energy by 3.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,568 shares of the oil and natural gas company’s stock worth $367,000 after purchasing an additional 74 shares in the last quarter. Townsend & Associates Inc increased its position in Diamondback Energy by 0.5% during the 4th quarter. Townsend & Associates Inc now owns 14,330 shares of the oil and natural gas company’s stock worth $2,161,000 after purchasing an additional 75 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its position in Diamondback Energy by 2.9% during the 4th quarter. 180 Wealth Advisors LLC now owns 2,725 shares of the oil and natural gas company’s stock worth $410,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on FANG shares. Sanford C. Bernstein lifted their price objective on Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Truist Financial set a $242.00 price objective on Diamondback Energy in a research report on Wednesday, May 6th. Roth Mkm reiterated a “neutral” rating and set a $205.00 price objective on shares of Diamondback Energy in a research report on Tuesday, May 5th. TD Cowen upgraded Diamondback Energy to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Wall Street Zen upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. 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 stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $223.26.

Insider Buying and Selling

In other Diamondback Energy news, EVP Matt Zmigrosky sold 5,000 shares of Diamondback Energy stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $200.10, for a total value of $1,000,500.00. Following the completion of the sale, the executive vice president owned 51,392 shares in the company, valued at $10,283,539.20. The trade was a 8.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jere W. Thompson III sold 750 shares of Diamondback Energy stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $182.47, for a total value of $136,852.50. Following the completion of the sale, the chief financial officer owned 19,975 shares of the company’s stock, valued at $3,644,838.25. This trade represents a 3.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 174,321 shares of company stock worth $32,090,475 over the last ninety days. Insiders own 0.64% of the company’s stock.

Diamondback Energy Stock Up 0.7%

FANG opened at $194.14 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The stock has a market capitalization of $54.61 billion, a price-to-earnings ratio of 225.75 and a beta of 0.46. The business has a 50-day moving average of $195.24 and a two-hundred day moving average of $171.66. Diamondback Energy, Inc. has a 12 month low of $133.75 and a 12 month high of $214.51.

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

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $1.10 dividend. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.3%. Diamondback Energy’s dividend payout ratio (DPR) is presently 511.63%.

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.