Oxbow Advisors LLC Grows Stake in Diamondback Energy, Inc. (NASDAQ:FANG)

Oxbow Advisors LLC lifted its stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 232.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,421 shares of the oil and natural gas company's stock after buying an additional 10,780 shares during the period. Oxbow Advisors LLC's holdings in Diamondback Energy were worth $2,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC lifted its stake in Diamondback Energy by 7.2% during the second quarter. Quent Capital LLC now owns 809 shares of the oil and natural gas company's stock worth $162,000 after purchasing an additional 54 shares during the last quarter. Carolinas Wealth Consulting LLC raised its stake in 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 acquiring an additional 55 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in shares of Diamondback Energy by 3.0% in the third quarter. Financial Advocates Investment Management now owns 1,907 shares of the oil and natural gas company's stock worth $329,000 after acquiring an additional 55 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its stake in shares of Diamondback Energy by 0.3% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 19,975 shares of the oil and natural gas company's stock valued at $3,999,000 after purchasing an additional 56 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Diamondback Energy by 16.1% during the 2nd quarter. Versant Capital Management Inc now owns 412 shares of the oil and natural gas company's stock worth $82,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 90.01% of the company's stock.

Insider Transactions at Diamondback Energy

In other Diamondback Energy news, major shareholder Lyndal Greth sold 13,212,830 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $175.11, for a total value of $2,313,698,661.30. Following the completion of the sale, the insider now owns 1,037,819 shares in the company, valued at approximately $181,732,485.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

FANG has been the subject of a number of research reports. Morgan Stanley increased their price target on Diamondback Energy from $185.00 to $198.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Bank of America increased their target price on Diamondback Energy from $201.00 to $215.00 and gave the company a "neutral" rating in a research report on Tuesday, July 23rd. Wolfe Research started coverage on Diamondback Energy in a report on Thursday, July 18th. They set a "peer perform" rating on the stock. Jefferies Financial Group began coverage on shares of Diamondback Energy in a report on Monday, September 16th. They issued a "hold" rating and a $185.00 price objective for the company. Finally, Wells Fargo & Company reissued a "sector outperform" rating on shares of Diamondback Energy in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $209.64.

Diamondback Energy Stock Up 0.2 %

Shares of NASDAQ:FANG traded up $0.29 during midday trading on Friday, hitting $181.88. 2,579,217 shares of the company's stock were exchanged, compared to its average volume of 1,845,321. Diamondback Energy, Inc. has a 12 month low of $145.70 and a 12 month high of $214.50. The company has a market cap of $53.61 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 1.29 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 3.64. The stock has a 50 day moving average price of $181.77 and a 200-day moving average price of $192.33.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 EPS 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 return on equity of 13.68% and a net margin of 33.64%. The business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $5.49 earnings per share. On average, sell-side analysts anticipate that Diamondback Energy, Inc. will post 17.1 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, November 14th. Diamondback Energy's dividend payout ratio (DPR) is presently 20.61%.

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.