Diamondback Energy, Inc. (NASDAQ:FANG) Position Increased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 16.4% during the third quarter, Holdings Channel reports. The firm owned 120,714 shares of the oil and natural gas company’s stock after purchasing an additional 17,033 shares during the period. Aptus Capital Advisors LLC’s holdings in Diamondback Energy were worth $20,811,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its holdings in Diamondback Energy by 25.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 8,419 shares of the oil and natural gas company’s stock worth $1,668,000 after purchasing an additional 1,709 shares during the period. Atomi Financial Group Inc. bought a new stake in shares of Diamondback Energy during the 1st quarter valued at approximately $303,000. Concurrent Investment Advisors LLC grew its holdings in shares of Diamondback Energy by 18.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,135 shares of the oil and natural gas company’s stock valued at $423,000 after purchasing an additional 335 shares during the last quarter. Meeder Advisory Services Inc. grew its holdings in Diamondback Energy by 2.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,612 shares of the oil and natural gas company’s stock worth $518,000 after acquiring an additional 72 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Diamondback Energy by 213.8% during the 1st quarter. QRG Capital Management Inc. now owns 6,542 shares of the oil and natural gas company’s stock worth $1,297,000 after acquiring an additional 4,457 shares during the last quarter. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Performance

FANG traded up $1.75 during trading hours on Tuesday, hitting $180.88. The company’s stock had a trading volume of 252,311 shares, compared to its average volume of 1,747,396. The firm has a market capitalization of $53.31 billion, a PE ratio of 10.25, a PEG ratio of 1.28 and a beta of 1.89. The company has a current ratio of 0.45, a quick ratio of 3.64 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a fifty-two week low of $145.70 and a fifty-two week high of $214.50. The company has a 50-day simple moving average of $181.45 and a 200 day simple moving average of $191.96.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.62 by ($1.24). Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the company posted $5.49 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts expect that Diamondback Energy, Inc. will post 17 EPS for the current year.

Diamondback Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, November 14th. Diamondback Energy’s payout ratio is presently 20.61%.

Wall Street Analyst Weigh In

FANG has been the topic of a number of research reports. Citigroup initiated coverage on shares of Diamondback Energy in a research report on Monday, October 14th. They set a “neutral” rating and a $195.00 target price on the stock. Johnson Rice lowered shares of Diamondback Energy from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, September 24th. Scotiabank reduced their price target on shares of Diamondback Energy from $245.00 to $225.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Truist Financial increased their price target on shares of Diamondback Energy from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Sanford C. Bernstein lowered their target price on shares of Diamondback Energy from $243.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Diamondback Energy currently has a consensus rating of “Moderate Buy” and an average target price of $209.64.

Insider Transactions at Diamondback Energy

In other news, major shareholder Lyndal Greth sold 13,212,830 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $175.11, for a total transaction of $2,313,698,661.30. Following the completion of the sale, the insider now owns 1,037,819 shares in the company, valued at $181,732,485.09. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.48% of the stock is owned by insiders.

Diamondback Energy Company Profile

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.