Centiva Capital LP Sells 13,775 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Centiva Capital LP trimmed its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 58.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,806 shares of the oil and natural gas company's stock after selling 13,775 shares during the period. Centiva Capital LP's holdings in Diamondback Energy were worth $1,691,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Diamondback Energy by 178.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 30,532 shares of the oil and natural gas company's stock worth $6,112,000 after purchasing an additional 19,552 shares during the period. Atria Investments Inc lifted its holdings in Diamondback Energy by 18.5% in the third quarter. Atria Investments Inc now owns 42,678 shares of the oil and natural gas company's stock worth $7,358,000 after buying an additional 6,672 shares during the period. Cullen Investment Group LTD. lifted its holdings in Diamondback Energy by 33.5% in the third quarter. Cullen Investment Group LTD. now owns 11,978 shares of the oil and natural gas company's stock worth $2,065,000 after buying an additional 3,008 shares during the period. ORG Partners LLC lifted its holdings in Diamondback Energy by 2,768.9% in the second quarter. ORG Partners LLC now owns 4,332 shares of the oil and natural gas company's stock worth $883,000 after buying an additional 4,181 shares during the period. Finally, Integrated Investment Consultants LLC purchased a new stake in Diamondback Energy in the third quarter worth about $4,464,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity 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 sale, the director now directly owns 4,712 shares in the company, valued at approximately $852,872. The trade was a 19.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Lyndal Greth sold 13,212,830 shares of Diamondback Energy stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $175.11, for a total transaction of $2,313,698,661.30. Following the completion of the sale, the insider now owns 1,037,819 shares in the company, valued at approximately $181,732,485.09. This represents a 92.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock traded down $4.77 on Wednesday, hitting $170.99. 2,437,481 shares of the company's stock were exchanged, compared to its average volume of 1,762,599. 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 1 year low of $145.70 and a 1 year high of $214.50. The company has a 50-day simple moving average of $181.38 and a 200-day simple moving average of $189.40. The stock has a market capitalization of $49.93 billion, a PE ratio of 9.79, a PEG ratio of 1.30 and a beta of 1.88.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $4.62 by ($1.24). Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The firm had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter last year, the firm posted $5.49 EPS. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts anticipate that Diamondback Energy, Inc. will post 16.26 EPS for the current year.

Diamondback Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, November 14th. Diamondback Energy's dividend payout ratio (DPR) is 20.61%.

Analysts Set New Price Targets

Several analysts have commented on FANG shares. Benchmark restated a "buy" rating and issued a $195.00 price objective on shares of Diamondback Energy in a report on Tuesday, October 29th. BMO Capital Markets upgraded shares of Diamondback Energy from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $205.00 to $215.00 in a report on Friday, October 4th. Scotiabank decreased their target price on shares of Diamondback Energy from $245.00 to $225.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. KeyCorp decreased their target price on shares of Diamondback Energy from $225.00 to $216.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Finally, StockNews.com raised shares of Diamondback Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Diamondback Energy presently has a consensus rating of "Moderate Buy" and an average price target of $212.65.

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.