2,018 Shares in Diamondback Energy Inc (FANG) Acquired by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC purchased a new position in shares of Diamondback Energy Inc (NASDAQ:FANG) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,018 shares of the oil and natural gas company’s stock, valued at approximately $273,000.

Other large investors also recently bought and sold shares of the company. Adams Diversified Equity Fund Inc. acquired a new position in shares of Diamondback Energy during the 3rd quarter worth approximately $12,397,000. Cozad Asset Management Inc. acquired a new position in shares of Diamondback Energy during the 2nd quarter worth approximately $3,949,000. Investec Asset Management LTD acquired a new position in shares of Diamondback Energy during the 2nd quarter worth approximately $8,378,000. Zeke Capital Advisors LLC acquired a new position in shares of Diamondback Energy during the 3rd quarter worth approximately $1,636,000. Finally, Hartline Investment Corp increased its position in shares of Diamondback Energy by 28.0% during the 2nd quarter. Hartline Investment Corp now owns 19,329 shares of the oil and natural gas company’s stock worth $2,543,000 after purchasing an additional 4,233 shares during the last quarter.

FANG has been the topic of several recent analyst reports. Williams Capital raised Diamondback Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $165.00 to $167.00 in a research report on Monday, August 20th. KLR Group reissued a “buy” rating and set a $211.00 target price on shares of Diamondback Energy in a report on Monday, August 20th. BidaskClub raised Diamondback Energy from a “hold” rating to a “buy” rating in a report on Friday, September 21st. ValuEngine raised Diamondback Energy from a “hold” rating to a “buy” rating in a report on Wednesday, September 26th. Finally, Morgan Stanley boosted their target price on Diamondback Energy from $164.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. Five analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Diamondback Energy presently has a consensus rating of “Buy” and an average target price of $159.41.

In related news, VP Russell Pantermuehl sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $127.80, for a total value of $255,600.00. Following the completion of the sale, the vice president now directly owns 89,532 shares in the company, valued at approximately $11,442,189.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

FANG opened at $92.71 on Friday. The firm has a market capitalization of $9.39 billion, a P/E ratio of 14.35, a PEG ratio of 0.52 and a beta of 0.72. Diamondback Energy Inc has a 1 year low of $91.84 and a 1 year high of $140.78. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, November 6th. The oil and natural gas company reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.15. The business had revenue of $538.03 million during the quarter, compared to the consensus estimate of $518.32 million. Diamondback Energy had a return on equity of 10.75% and a net margin of 33.63%. The firm’s quarterly revenue was up 78.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 EPS. On average, research analysts expect that Diamondback Energy Inc will post 6.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 19th were paid a $0.125 dividend. The ex-dividend date was Friday, November 16th. This represents a $0.50 annualized dividend and a yield of 0.54%. Diamondback Energy’s dividend payout ratio (DPR) is presently 9.43%.

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Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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