Diamondback Energy, Inc. (NASDAQ:FANG) Shares Purchased by EULAV Asset Management

EULAV Asset Management lifted its position in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,000 shares of the oil and natural gas company's stock after purchasing an additional 6,000 shares during the period. EULAV Asset Management's holdings in Diamondback Energy were worth $9,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Advocates Investment Management increased its holdings in Diamondback Energy by 3.0% during the third quarter. Financial Advocates Investment Management now owns 1,907 shares of the oil and natural gas company's stock valued at $329,000 after buying an additional 55 shares during the period. Greenup Street Wealth Management LLC increased its holdings in shares of Diamondback Energy by 3.4% in the 3rd quarter. Greenup Street Wealth Management LLC now owns 1,817 shares of the oil and natural gas company's stock valued at $313,000 after acquiring an additional 60 shares during the period. Lakewood Asset Management LLC raised its position in shares of Diamondback Energy by 0.5% in the 4th quarter. Lakewood Asset Management LLC now owns 11,340 shares of the oil and natural gas company's stock worth $1,858,000 after acquiring an additional 60 shares in the last quarter. West Family Investments Inc. lifted its stake in shares of Diamondback Energy by 3.4% during the 3rd quarter. West Family Investments Inc. now owns 1,852 shares of the oil and natural gas company's stock worth $319,000 after purchasing an additional 61 shares during the last quarter. Finally, Magnolia Capital Advisors LLC boosted its position in Diamondback Energy by 2.0% during the fourth quarter. Magnolia Capital Advisors LLC now owns 3,247 shares of the oil and natural gas company's stock valued at $532,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 90.01% of the company's stock.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 1,150 shares of Diamondback Energy stock in a transaction on Wednesday, November 13th. The shares were 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 of the company's stock, valued at approximately $852,872. The trade was a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is currently owned by corporate insiders.

Diamondback Energy Stock Performance

FANG traded up $3.53 during midday trading on Monday, hitting $161.66. 1,697,309 shares of the company were exchanged, compared to its average volume of 1,949,185. The firm has a market capitalization of $47.20 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The company's 50 day simple moving average is $167.54 and its 200 day simple moving average is $179.16. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 1-year low of $152.00 and a 1-year high of $214.50.

Diamondback Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, November 14th. Diamondback Energy's dividend payout ratio is currently 20.61%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Diamondback Energy from $218.00 to $219.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Raymond James increased their target price on shares of Diamondback Energy from $237.00 to $256.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. Piper Sandler lowered their target price 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. Susquehanna reduced their price target on Diamondback Energy from $237.00 to $233.00 and set a "positive" rating on the stock in a research report on Friday, October 18th. Finally, UBS Group lowered their price objective on Diamondback Energy from $235.00 to $212.00 and set a "buy" rating for the company in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $215.00.

About Diamondback Energy

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.