Pine Valley Investments Ltd Liability Co Buys 142 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Pine Valley Investments Ltd Liability Co increased its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,169 shares of the oil and natural gas company’s stock after buying an additional 142 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Diamondback Energy were worth $355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FANG. R Squared Ltd bought a new position in shares of Diamondback Energy in the 4th quarter worth approximately $29,000. UMB Bank n.a. grew its stake 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 worth $31,000 after purchasing an additional 136 shares during the period. Key Financial Inc raised its holdings 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 worth $34,000 after purchasing an additional 188 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Diamondback Energy during the third quarter valued at $52,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Diamondback Energy during the 4th quarter valued at $67,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $152.43 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $44.51 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The firm’s 50 day moving average price is $165.28 and its 200-day moving average price is $175.77. Diamondback Energy, Inc. has a twelve month low of $151.00 and a twelve month high of $214.50.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.07. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.55 billion. Equities research analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Diamondback Energy’s previous quarterly dividend of $0.90. This represents a $4.00 annualized dividend and a yield of 2.62%. Diamondback Energy’s payout ratio is 25.32%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FANG shares. UBS Group increased their price target on shares of Diamondback Energy from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. StockNews.com raised shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Raymond James boosted their price target on Diamondback Energy from $237.00 to $256.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Wolfe Research upgraded Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley lifted their price objective on Diamondback Energy from $220.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $216.09.

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.