Hantz Financial Services Inc. Buys 16,122 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Hantz Financial Services Inc. lifted its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 75.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,553 shares of the oil and natural gas company's stock after buying an additional 16,122 shares during the quarter. Hantz Financial Services Inc.'s holdings in Diamondback Energy were worth $6,152,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in shares of Diamondback Energy by 48.5% in the third quarter. Franklin Resources Inc. now owns 146,870 shares of the oil and natural gas company's stock valued at $28,008,000 after purchasing an additional 47,951 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Diamondback Energy by 368.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 9,784 shares of the oil and natural gas company's stock worth $1,687,000 after acquiring an additional 7,694 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Diamondback Energy in the fourth quarter worth approximately $1,053,000. Geode Capital Management LLC grew its holdings in Diamondback Energy by 6.1% in the third quarter. Geode Capital Management LLC now owns 4,618,560 shares of the oil and natural gas company's stock valued at $793,611,000 after purchasing an additional 266,299 shares during the period. Finally, Atria Investments Inc raised its stake in Diamondback Energy by 18.5% during 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 purchasing an additional 6,672 shares during the period. Institutional investors and hedge funds own 90.01% of the company's stock.

Diamondback Energy Stock Up 0.2 %

Shares of Diamondback Energy stock traded up $0.33 during midday trading on Thursday, hitting $171.19. The company's stock had a trading volume of 354,245 shares, compared to its average volume of 1,832,907. The firm has a market capitalization of $49.98 billion, a P/E ratio of 9.79, a PEG ratio of 1.44 and a beta of 1.88. Diamondback Energy, Inc. has a 1-year low of $147.93 and a 1-year 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. The stock has a 50-day simple moving average of $169.65 and a 200-day simple moving average of $181.40.

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 the consensus estimate of $4.62 by ($1.24). The business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.43 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The company's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $5.49 EPS. As a group, sell-side analysts expect that Diamondback Energy, Inc. will post 15.58 earnings per share for the current year.

Diamondback Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Thursday, November 14th. Diamondback Energy's dividend payout ratio (DPR) is 20.61%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FANG. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $210.00 target price on shares of Diamondback Energy in a research report on Thursday, January 23rd. BMO Capital Markets raised shares of Diamondback Energy from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $205.00 to $215.00 in a research report on Friday, October 4th. StockNews.com raised shares of Diamondback Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th. Citigroup initiated coverage on Diamondback Energy in a research note on Monday, October 14th. They set a "neutral" rating and a $195.00 price objective for the company. Finally, Benchmark restated a "buy" rating and issued a $195.00 target price on shares of Diamondback Energy in a research note on Tuesday, October 29th. 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $215.00.

Insider Transactions at Diamondback Energy

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was 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 directly owns 4,712 shares of the company's stock, valued at $852,872. This trade represents a 19.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

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.