Stonebrook Private Inc. Boosts Stock Position in Diamondback Energy, Inc. $FANG

Stonebrook Private Inc. boosted its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 35.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,919 shares of the oil and natural gas company’s stock after acquiring an additional 1,295 shares during the quarter. Stonebrook Private Inc.’s holdings in Diamondback Energy were worth $676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Uhlmann Price Securities LLC grew its holdings in shares of Diamondback Energy by 1.3% in the second quarter. Uhlmann Price Securities LLC now owns 5,090 shares of the oil and natural gas company’s stock valued at $699,000 after purchasing an additional 67 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its stake in shares of Diamondback Energy by 5.6% in the first quarter. Mesirow Financial Investment Management Inc. now owns 1,414 shares of the oil and natural gas company’s stock worth $226,000 after acquiring an additional 75 shares in the last quarter. FourThought Financial Partners LLC increased its position in shares of Diamondback Energy by 2.9% during the first quarter. FourThought Financial Partners LLC now owns 2,779 shares of the oil and natural gas company’s stock worth $444,000 after acquiring an additional 78 shares during the period. Biondo Investment Advisors LLC raised its stake in shares of Diamondback Energy by 0.3% in the first quarter. Biondo Investment Advisors LLC now owns 28,858 shares of the oil and natural gas company’s stock valued at $4,614,000 after acquiring an additional 80 shares in the last quarter. Finally, STF Management LP boosted its holdings in Diamondback Energy by 1.9% in the second quarter. STF Management LP now owns 4,490 shares of the oil and natural gas company’s stock valued at $617,000 after purchasing an additional 84 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $149.58 on Wednesday. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $186.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 0.62. The firm has a market cap of $42.86 billion, a price-to-earnings ratio of 10.39 and a beta of 0.99. The stock’s 50-day moving average is $142.96 and its two-hundred day moving average is $142.33.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.14. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.48 billion. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The firm’s quarterly revenue was up 48.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.19 EPS. Analysts predict that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 13th will be given a $1.00 dividend. The ex-dividend date is Thursday, November 13th. This represents a $4.00 annualized dividend and a yield of 2.7%. Diamondback Energy’s dividend payout ratio is 27.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FANG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Diamondback Energy in a research report on Thursday, November 13th. Raymond James Financial decreased their price target on shares of Diamondback Energy from $221.00 to $212.00 and set a “strong-buy” rating for the company in a research note on Wednesday, August 20th. Mizuho dropped their price objective on shares of Diamondback Energy from $183.00 to $176.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Melius began coverage on shares of Diamondback Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $213.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $188.82.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.