Bryn Mawr Capital Management LLC Sells 91 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Bryn Mawr Capital Management LLC trimmed its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,900 shares of the oil and natural gas company’s stock after selling 91 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Diamondback Energy were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of Diamondback Energy during the 4th quarter worth about $29,000. UMB Bank n.a. increased its position in Diamondback Energy by 247.3% during the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 136 shares during the last quarter. Key Financial Inc raised its stake in Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock valued at $34,000 after buying an additional 188 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Diamondback Energy in the third quarter valued at approximately $52,000. Finally, Synergy Asset Management LLC bought a new position in shares of Diamondback Energy during the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FANG. Mizuho increased their target price on Diamondback Energy from $201.00 to $204.00 and gave the stock an “outperform” rating in a research note on Tuesday. Morgan Stanley lifted their target price on Diamondback Energy from $220.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. UBS Group upped their price target on shares of Diamondback Energy from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company lifted their price objective on shares of Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, Wolfe Research upgraded shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $216.09.

Diamondback Energy Stock Performance

Shares of FANG opened at $155.59 on Friday. Diamondback Energy, Inc. has a 1 year low of $151.00 and a 1 year high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The stock’s fifty day moving average price is $165.34 and its two-hundred day moving average price is $175.63. The firm has a market cap of $45.43 billion, a PE ratio of 8.91, a PEG ratio of 1.24 and a beta of 1.86.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.07. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. On average, equities research analysts forecast that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.57%. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, March 6th. Diamondback Energy’s payout ratio is currently 25.32%.

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.