Hantz Financial Services Inc. Grows Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Hantz Financial Services Inc. raised its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 75.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 37,553 shares of the oil and natural gas company’s stock after purchasing an additional 16,122 shares during the period. Hantz Financial Services Inc.’s holdings in Diamondback Energy were worth $6,152,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FANG. R Squared Ltd purchased a new position in Diamondback Energy in the fourth quarter valued at $29,000. UMB Bank n.a. increased its holdings in Diamondback Energy by 247.3% in the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 136 shares in the last quarter. Values First Advisors Inc. purchased a new position in Diamondback Energy in the third quarter valued at $42,000. CVA Family Office LLC increased its holdings in Diamondback Energy by 28.1% in the third quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company’s stock valued at $51,000 after buying an additional 65 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Diamondback Energy during the third quarter worth about $52,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Trading Up 1.0 %

FANG opened at $170.86 on Thursday. Diamondback Energy, Inc. has a 52 week low of $147.93 and a 52 week high of $214.50. The business has a fifty day simple moving average of $169.86 and a 200-day simple moving average of $181.48. The firm has a market cap of $49.89 billion, a P/E ratio of 9.78, a P/E/G ratio of 1.44 and a beta of 1.88. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 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 firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the business earned $5.49 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts expect that Diamondback Energy, Inc. will post 15.58 earnings per share for the current year.

Diamondback Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.11%. Diamondback Energy’s dividend payout ratio is currently 20.61%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wolfe Research raised shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Friday, January 3rd. StockNews.com raised shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. BMO Capital Markets raised shares of Diamondback Energy from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $205.00 to $215.00 in a research note on Friday, October 4th. Scotiabank cut their target price on shares of Diamondback Energy from $245.00 to $225.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Piper Sandler dropped their price objective on shares of Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $215.00.

Insider Activity at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of Diamondback Energy stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total value of $208,150.00. Following the completion of the transaction, the director now owns 4,712 shares in the company, valued at approximately $852,872. This trade represents a 19.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is currently owned by company insiders.

Diamondback Energy 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.