Diamondback Energy, Inc. (NASDAQ:FANG) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC lessened its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,114 shares of the oil and natural gas company's stock after selling 6,610 shares during the period. Keeley Teton Advisors LLC's holdings in Diamondback Energy were worth $1,985,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Boston Partners grew its holdings in shares of Diamondback Energy by 12.4% during the fourth quarter. Boston Partners now owns 5,169,742 shares of the oil and natural gas company's stock valued at $849,202,000 after buying an additional 571,820 shares during the last quarter. Geode Capital Management LLC lifted its position in Diamondback Energy by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 4,710,165 shares of the oil and natural gas company's stock worth $769,706,000 after acquiring an additional 91,605 shares during the period. Bank of New York Mellon Corp grew its stake in Diamondback Energy by 13.7% during the 4th quarter. Bank of New York Mellon Corp now owns 4,163,070 shares of the oil and natural gas company's stock valued at $682,036,000 after purchasing an additional 502,916 shares during the last quarter. Invesco Ltd. grew its stake in Diamondback Energy by 12.6% during the 4th quarter. Invesco Ltd. now owns 3,086,468 shares of the oil and natural gas company's stock valued at $505,656,000 after purchasing an additional 345,353 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of Diamondback Energy by 30.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,817,554 shares of the oil and natural gas company's stock valued at $461,600,000 after purchasing an additional 658,644 shares during the period. Institutional investors and hedge funds own 90.01% of the company's stock.

Insider Activity at Diamondback Energy

In related news, Director Frank D. Tsuru acquired 2,000 shares of Diamondback Energy stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the transaction, the director now owns 5,730 shares in the company, valued at $896,802.30. This represents a 53.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Williams Trading set a $190.00 price target on shares of Diamondback Energy in a report on Wednesday, March 5th. Wells Fargo & Company cut their price objective on shares of Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating on the stock in a research note on Monday. Mizuho boosted their target price on shares of Diamondback Energy from $201.00 to $204.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $210.00 price target on shares of Diamondback Energy in a research report on Thursday, January 23rd. Finally, UBS Group reduced their price objective on Diamondback Energy from $175.00 to $163.00 and set a "buy" rating for the company in a research note on Thursday. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Diamondback Energy has a consensus rating of "Moderate Buy" and a consensus price target of $204.29.

Diamondback Energy Price Performance

Shares of NASDAQ FANG traded down $4.65 during midday trading on Monday, hitting $132.99. The stock had a trading volume of 470,338 shares, compared to its average volume of 2,079,789. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $147.14 and a 200-day simple moving average of $164.65. The company has a market capitalization of $39.11 billion, a PE ratio of 7.61, a P/E/G ratio of 1.24 and a beta of 1.44. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $214.50.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced 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. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.55 billion. On average, sell-side analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Diamondback Energy's previous quarterly dividend of $0.90. This represents a $4.00 dividend on an annualized basis and a yield of 3.01%. Diamondback Energy's payout ratio is presently 25.32%.

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.