Ieq Capital LLC Has $259,000 Stock Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Ieq Capital LLC lowered its holdings in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 83.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,581 shares of the oil and natural gas company's stock after selling 7,928 shares during the period. Ieq Capital LLC's holdings in Diamondback Energy were worth $259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FANG. R Squared Ltd purchased a new stake in Diamondback Energy in the 4th quarter worth about $29,000. UMB Bank n.a. lifted its position in shares of Diamondback Energy by 247.3% in the fourth 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 grew its position 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 valued at $34,000 after purchasing an additional 188 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Diamondback Energy in the 3rd quarter worth approximately $52,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Diamondback Energy during the fourth quarter worth $67,000. Institutional investors and hedge funds own 90.01% of the company's stock.

Diamondback Energy Trading Down 0.9 %

Shares of FANG stock traded down $1.40 on Monday, reaching $157.56. The company had a trading volume of 202,523 shares, compared to its average volume of 2,236,267. The stock has a market cap of $45.60 billion, a PE ratio of 8.99, a PEG ratio of 1.24 and a beta of 1.86. The company has a 50-day moving average of $165.42 and a 200-day moving average of $175.04. 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 12 month low of $151.00 and a 12 month high of $214.50.

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

Diamondback Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th will be paid a $1.00 dividend. This is an increase from Diamondback Energy's previous quarterly dividend of $0.90. The ex-dividend date is Thursday, March 6th. This represents a $4.00 annualized dividend and a dividend yield of 2.54%. Diamondback Energy's dividend payout ratio (DPR) is currently 25.32%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group lifted their price target on Diamondback Energy from $212.00 to $216.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $210.00 target price on shares of Diamondback Energy in a research report on Thursday, January 23rd. The Goldman Sachs Group began coverage on Diamondback Energy in a research note on Monday, December 2nd. They set a "buy" rating and a $227.00 price target for the company. JPMorgan Chase & Co. upped their price target on Diamondback Energy from $191.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Finally, StockNews.com upgraded shares of Diamondback Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $216.09.

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.