CreativeOne Wealth LLC Acquires 2,571 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

CreativeOne Wealth LLC increased its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 35.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,765 shares of the oil and natural gas company's stock after acquiring an additional 2,571 shares during the quarter. CreativeOne Wealth LLC's holdings in Diamondback Energy were worth $1,600,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Wintrust Investments LLC bought a new stake in shares of Diamondback Energy in the 4th quarter worth $28,000. R Squared Ltd acquired a new position in shares of Diamondback Energy in the 4th quarter worth approximately $29,000. UMB Bank n.a. raised its holdings in shares of 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 worth $31,000 after purchasing an additional 136 shares in the last quarter. Key Financial Inc boosted its holdings 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 buying an additional 188 shares in the last quarter. Finally, Rakuten Securities Inc. increased its holdings in shares of 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 buying an additional 106 shares in the last quarter. Institutional investors own 90.01% of the company's stock.

Diamondback Energy Price Performance

Diamondback Energy stock traded down $4.83 during trading hours on Monday, hitting $132.81. 415,127 shares of the stock were exchanged, compared to its average volume of 2,079,517. The stock has a market capitalization of $39.06 billion, a P/E ratio of 7.60, a P/E/G ratio of 1.24 and a beta of 1.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. Diamondback Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $214.50. The business's 50-day moving average is $147.14 and its two-hundred day moving average is $164.65.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.57 by $0.07. The company 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%. Equities research analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were paid a $1.00 dividend. The ex-dividend date was Thursday, March 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.01%. This is an increase from Diamondback Energy's previous quarterly dividend of $0.90. Diamondback Energy's dividend payout ratio is 25.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Raymond James decreased their target price on Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating on the stock in a report on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $210.00 price target on shares of Diamondback Energy in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their target price on Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating on the stock in a research report on Monday. Scotiabank lowered their price target on Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, Barclays cut their price objective on shares of Diamondback Energy from $210.00 to $200.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Diamondback Energy presently has a consensus rating of "Moderate Buy" and an average target price of $204.29.

Insider Buying and Selling

In related news, Director Frank D. Tsuru bought 2,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the transaction, the director now owns 5,730 shares of the company's stock, valued at $896,802.30. This represents a 53.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is owned by insiders.

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.