Diamondback Energy, Inc. (NASDAQ:FANG - Get Free Report) VP Jere W. Thompson III sold 900 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $199.90, for a total value of $179,910.00. Following the transaction, the vice president now directly owns 7,585 shares in the company, valued at approximately $1,516,241.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
Diamondback Energy Price Performance
Shares of FANG opened at $203.68 on Wednesday. The firm has a market capitalization of $36.33 billion, a PE ratio of 11.48 and a beta of 1.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.92 and a quick ratio of 0.89. The company's fifty day moving average price is $196.55 and its 200-day moving average price is $171.35. Diamondback Energy, Inc. has a 1-year low of $123.41 and a 1-year high of $211.96.
Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The oil and natural gas company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.21. Diamondback Energy had a return on equity of 19.36% and a net margin of 36.71%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the business earned $4.10 EPS. The company's quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts predict that Diamondback Energy, Inc. will post 18.91 EPS for the current year.
Diamondback Energy Cuts Dividend
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 15th will be issued a $0.90 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.60 annualized dividend and a yield of 1.77%. Diamondback Energy's dividend payout ratio (DPR) is presently 20.29%.
Hedge Funds Weigh In On Diamondback Energy
A number of institutional investors have recently bought and sold shares of FANG. Founders Capital Management raised its holdings in shares of Diamondback Energy by 404.0% during the first quarter. Founders Capital Management now owns 126 shares of the oil and natural gas company's stock worth $25,000 after purchasing an additional 101 shares during the last quarter. BKM Wealth Management LLC acquired a new position in shares of Diamondback Energy in the 4th quarter valued at about $27,000. BluePath Capital Management LLC purchased a new stake in shares of Diamondback Energy in the third quarter worth about $28,000. Logan Capital Management Inc. acquired a new stake in Diamondback Energy during the fourth quarter worth about $31,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Diamondback Energy during the fourth quarter valued at approximately $34,000. 90.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on FANG shares. BMO Capital Markets boosted their price objective on shares of Diamondback Energy from $167.00 to $175.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 13th. Wells Fargo & Company reduced their price target on Diamondback Energy from $227.00 to $224.00 and set an "overweight" rating for the company in a research report on Thursday, May 2nd. Piper Sandler raised their price objective on Diamondback Energy from $227.00 to $247.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. Morgan Stanley reduced their target price on shares of Diamondback Energy from $186.00 to $184.00 and set an "overweight" rating for the company in a report on Monday, April 15th. Finally, KeyCorp increased their price target on shares of Diamondback Energy from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Diamondback Energy presently has an average rating of "Moderate Buy" and a consensus target price of $205.68.
View Our Latest Analysis on FANG
Diamondback Energy Company Profile
(
Get Free Report)
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.
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