International Assets Investment Management LLC Sells 338,118 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

International Assets Investment Management LLC lessened its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 99.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,903 shares of the oil and natural gas company's stock after selling 338,118 shares during the period. International Assets Investment Management LLC's holdings in Diamondback Energy were worth $317,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Carolinas Wealth Consulting LLC increased its position in shares of Diamondback Energy by 67.1% during the second quarter. Carolinas Wealth Consulting LLC now owns 137 shares of the oil and natural gas company's stock worth $27,000 after buying an additional 55 shares during the period. Values First Advisors Inc. acquired a new stake in Diamondback Energy during the 3rd quarter worth about $42,000. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Diamondback Energy by 109.7% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 260 shares of the oil and natural gas company's stock valued at $52,000 after purchasing an additional 136 shares during the period. CVA Family Office LLC boosted its position in shares of Diamondback Energy by 28.1% during the 3rd quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company's stock valued at $51,000 after purchasing an additional 65 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Diamondback Energy during the third quarter worth approximately $52,000. Institutional investors own 90.01% of the company's stock.

Diamondback Energy Stock Performance

Shares of NASDAQ:FANG traded up $4.01 during midday trading on Monday, reaching $178.78. The company had a trading volume of 309,432 shares, compared to its average volume of 1,805,260. Diamondback Energy, Inc. has a 52-week low of $147.93 and a 52-week high of $214.50. The company's 50 day moving average price is $170.76 and its 200 day moving average price is $183.77. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The stock has a market cap of $52.20 billion, a P/E ratio of 10.23, a P/E/G ratio of 1.19 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). The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.43 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The firm's revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $5.49 earnings per share. As a group, sell-side analysts anticipate that Diamondback Energy, Inc. will post 16.51 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.90 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.01%. Diamondback Energy's payout ratio is presently 20.61%.

Insider Transactions at Diamondback Energy

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total transaction of $208,150.00. Following the sale, the director now owns 4,712 shares of the company's stock, valued at approximately $852,872. This represents a 19.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FANG. Wells Fargo & Company boosted their price target on Diamondback Energy from $218.00 to $219.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. KeyCorp reduced their price target on shares of Diamondback Energy from $225.00 to $216.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Johnson Rice downgraded shares of Diamondback Energy from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. initiated coverage on Diamondback Energy in a research report on Wednesday, October 2nd. They issued an "overweight" rating and a $182.00 target price for the company. Finally, Scotiabank cut their price target on Diamondback Energy from $245.00 to $225.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Diamondback Energy currently has an average rating of "Moderate Buy" and an average target price of $210.08.

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.