Crux Wealth Advisors Purchases Shares of 1,939 Diamondback Energy, Inc. (NASDAQ:FANG)

Crux Wealth Advisors bought a new stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,939 shares of the oil and natural gas company's stock, valued at approximately $318,000.

Other institutional investors also recently made changes to their positions in the company. Wintrust Investments LLC purchased a new stake in Diamondback Energy during the fourth quarter worth about $28,000. R Squared Ltd purchased a new stake in shares of Diamondback Energy during the 4th quarter worth approximately $29,000. UMB Bank n.a. increased its stake in Diamondback Energy by 247.3% in the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company's stock valued at $31,000 after purchasing an additional 136 shares in the last quarter. Key Financial Inc boosted its position in Diamondback Energy by 940.0% during 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. Finally, Rakuten Securities Inc. grew its holdings in Diamondback Energy by 62.4% in the fourth quarter. Rakuten Securities Inc. now owns 276 shares of the oil and natural gas company's stock valued at $45,000 after purchasing an additional 106 shares during the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Frank D. Tsuru bought 2,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $156.51 per share, with a total value of $313,020.00. Following the completion of the purchase, the director now directly owns 5,730 shares of the company's stock, valued at $896,802.30. This represents a 53.62 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

Diamondback Energy Stock Performance

Diamondback Energy stock traded up $7.42 during mid-day trading on Friday, hitting $137.64. 3,665,218 shares of the company's stock traded hands, compared to its average volume of 2,080,806. 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, Inc. has a one year low of $114.00 and a one year high of $214.50. The firm has a 50 day moving average price of $147.62 and a 200 day moving average price of $165.20. The company has a market cap of $40.48 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share 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 net margin of 33.64% and a return on equity of 13.68%. On average, equities analysts forecast that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Thursday, March 6th. This is a positive change from Diamondback Energy's previous quarterly dividend of $0.90. Diamondback Energy's dividend payout ratio (DPR) is currently 25.32%.

Analyst Upgrades and Downgrades

FANG has been the topic of several recent research reports. Truist Financial boosted their price objective on shares of Diamondback Energy from $238.00 to $242.00 and gave the stock a "buy" rating in a research report on Thursday. Scotiabank lowered their price target on shares of Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Mizuho lifted their price objective on Diamondback Energy from $201.00 to $204.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on Diamondback Energy from $167.00 to $166.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Barclays decreased their price objective on Diamondback Energy from $210.00 to $200.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Diamondback Energy has an average rating of "Moderate Buy" and an average target price of $206.13.

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.