Mariner LLC Has $8.72 Million Stock Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Mariner LLC raised its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,240 shares of the oil and natural gas company's stock after purchasing an additional 3,962 shares during the quarter. Mariner LLC's holdings in Diamondback Energy were worth $8,722,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Wintrust Investments LLC acquired a new position in Diamondback Energy during the fourth quarter worth $28,000. R Squared Ltd acquired a new stake in shares of Diamondback Energy in the fourth quarter valued at about $29,000. UMB Bank n.a. raised 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 valued at $31,000 after buying an additional 136 shares during the last quarter. Key Financial Inc lifted its holdings in Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company's stock valued at $34,000 after acquiring an additional 188 shares during the last quarter. Finally, Rakuten Securities Inc. lifted 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 valued at $45,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company's stock.

Insider Activity

In other Diamondback Energy news, Director Frank D. Tsuru acquired 2,000 shares of Diamondback Energy stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the transaction, the director now owns 5,730 shares in the company, valued at approximately $896,802.30. This trade represents a 53.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.48% of the company's stock.

Diamondback Energy Stock Performance

Shares of NASDAQ:FANG traded up $1.44 on Thursday, reaching $136.98. 564,032 shares of the company's stock were exchanged, compared to its average volume of 2,086,597. The firm has a market capitalization of $40.28 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 1.24 and a beta of 1.44. Diamondback Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $214.50. The business's 50-day moving average is $145.86 and its two-hundred day moving average is $163.83. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.07. The firm 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%. As a group, equities research analysts forecast 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. Stockholders of record on Thursday, March 6th were given a dividend of $1.00 per share. This is a positive change from Diamondback Energy's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $4.00 annualized dividend and a dividend yield of 2.92%. Diamondback Energy's dividend payout ratio (DPR) is 25.32%.

Analysts Set New Price Targets

FANG has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating on the stock in a research note on Monday. Citigroup raised Diamondback Energy from a "reduce" rating to a "buy" rating and increased their target price for the company from $157.00 to $180.00 in a report on Monday, April 7th. Mizuho increased their target price on Diamondback Energy from $201.00 to $204.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Williams Trading set a $190.00 target price on Diamondback Energy in a report on Wednesday, March 5th. Finally, KeyCorp dropped their price objective on Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Diamondback Energy has an average rating of "Moderate Buy" and a consensus price target of $200.96.

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.