ExodusPoint Capital Management LP Has $20.91 Million Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

ExodusPoint Capital Management LP reduced its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,611 shares of the oil and natural gas company's stock after selling 22,607 shares during the quarter. ExodusPoint Capital Management LP's holdings in Diamondback Energy were worth $20,907,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Wintrust Investments LLC purchased a new stake in shares of Diamondback Energy during the fourth quarter worth $28,000. R Squared Ltd acquired a new position in Diamondback Energy in the 4th quarter worth about $29,000. UMB Bank n.a. raised its stake in shares of Diamondback Energy by 247.3% during 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 lifted its holdings in shares of Diamondback Energy by 940.0% during the 4th quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company's stock valued at $34,000 after buying an additional 188 shares during the last quarter. Finally, Rakuten Securities Inc. increased 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 worth $45,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company's stock.

Diamondback Energy Trading Down 1.2 %

FANG stock traded down $1.46 during midday trading on Tuesday, reaching $123.07. The company's stock had a trading volume of 1,010,905 shares, compared to its average volume of 2,016,494. The business's 50-day simple moving average is $154.96 and its 200-day simple moving average is $168.42. The stock has a market cap of $35.62 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44. Diamondback Energy, Inc. has a 52 week low of $117.03 and a 52 week high of $214.50. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31.

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Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.07. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.55 billion. As a group, sell-side analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The firm 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 annualized dividend and a yield of 3.25%. The ex-dividend date was Thursday, March 6th. This is an increase from Diamondback Energy's previous quarterly dividend of $0.90. Diamondback Energy's dividend payout ratio (DPR) is presently 25.32%.

Insider Buying and Selling at Diamondback Energy

In related news, Director Frank D. Tsuru purchased 2,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were purchased 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 owns 5,730 shares in the company, 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 can be accessed through the SEC website. Insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FANG shares. Citigroup raised shares of Diamondback Energy from a "reduce" rating to a "buy" rating and increased their target price for the stock from $157.00 to $180.00 in a research report on Monday. Raymond James dropped their price target on shares of Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. cut their target price on shares of Diamondback Energy from $212.00 to $167.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Piper Sandler dropped their price target on Diamondback Energy from $252.00 to $232.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Finally, Wolfe Research raised shares of Diamondback Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research report on Friday, January 3rd. Three investment 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.29.

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.