Diamondback Energy, Inc. (NASDAQ:FANG) Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lowered its position in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 56.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,520 shares of the oil and natural gas company's stock after selling 4,583 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Diamondback Energy were worth $577,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Lakewood Asset Management LLC raised its holdings in Diamondback Energy by 0.5% in the 4th quarter. Lakewood Asset Management LLC now owns 11,340 shares of the oil and natural gas company's stock worth $1,858,000 after purchasing an additional 60 shares in the last quarter. Magnolia Capital Advisors LLC lifted its stake in shares of Diamondback Energy by 2.0% in the 4th quarter. Magnolia Capital Advisors LLC now owns 3,247 shares of the oil and natural gas company's stock worth $532,000 after purchasing an additional 64 shares during the period. Barden Capital Management Inc. increased its stake in shares of Diamondback Energy by 1.5% in the 4th quarter. Barden Capital Management Inc. now owns 4,380 shares of the oil and natural gas company's stock worth $718,000 after purchasing an additional 64 shares in the last quarter. Greenleaf Trust lifted its position in Diamondback Energy by 1.0% during the fourth quarter. Greenleaf Trust now owns 6,892 shares of the oil and natural gas company's stock valued at $1,129,000 after purchasing an additional 66 shares in the last quarter. Finally, Buckhead Capital Management LLC increased its position in Diamondback Energy by 0.3% in the fourth quarter. Buckhead Capital Management LLC now owns 19,830 shares of the oil and natural gas company's stock worth $3,249,000 after buying an additional 67 shares in the last quarter. Institutional investors own 90.01% of the company's stock.

Insider Buying and Selling

In other news, Director Frank D. Tsuru purchased 2,000 shares of the firm's stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the purchase, the director now directly owns 5,730 shares of the company's stock, valued at approximately $896,802.30. This trade represents a 53.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is currently owned by corporate insiders.

Diamondback Energy Trading Up 0.4 %

Diamondback Energy stock traded up $0.60 during mid-day trading on Friday, hitting $136.76. The company's stock had a trading volume of 1,608,355 shares, compared to its average volume of 2,101,124. The stock's fifty day moving average is $145.04 and its two-hundred day moving average is $162.78. 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 firm has a market capitalization of $40.22 billion, a PE ratio of 7.83, a price-to-earnings-growth 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 released its quarterly earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.07. The business had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.55 billion. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. On average, analysts anticipate that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.92%. This is an increase from Diamondback Energy's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, March 6th. Diamondback Energy's payout ratio is 25.32%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Scotiabank cut their price objective on Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Citigroup upgraded shares of Diamondback Energy from a "reduce" rating to a "buy" rating and lifted their price objective for the company from $157.00 to $180.00 in a research report on Monday, April 7th. Susquehanna decreased their price target on shares of Diamondback Energy from $219.00 to $194.00 and set a "positive" rating on the stock in a research note on Tuesday. KeyCorp reduced their price objective on Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Williams Trading set a $190.00 price objective on shares of Diamondback Energy in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $200.96.

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.