Sava Infond d.o.o. Purchases Shares of 1,800 Diamondback Energy, Inc. (NASDAQ:FANG)

Sava Infond d.o.o. purchased a new position in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,800 shares of the oil and natural gas company's stock, valued at approximately $295,000.

Several other large investors also recently bought and sold shares of FANG. Wintrust Investments LLC purchased a new position in shares of Diamondback Energy in the fourth quarter valued at $28,000. R Squared Ltd acquired a new position in Diamondback Energy in the 4th quarter worth $29,000. UMB Bank n.a. boosted its position in Diamondback Energy by 247.3% in the 4th 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 increased its position in shares of Diamondback Energy by 940.0% during the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company's stock worth $34,000 after acquiring an additional 188 shares during the last quarter. Finally, Rakuten Securities Inc. increased its position in shares of Diamondback Energy by 62.4% during the fourth quarter. Rakuten Securities Inc. now owns 276 shares of the oil and natural gas company's stock worth $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.

Diamondback Energy Stock Performance

Shares of NASDAQ:FANG traded down $0.11 on Tuesday, hitting $159.77. The company's stock had a trading volume of 364,715 shares, compared to its average volume of 1,966,117. The company has a market capitalization of $46.24 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.85. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. Diamondback Energy, Inc. has a 12 month low of $137.09 and a 12 month high of $214.50. The stock's 50-day moving average is $158.25 and its two-hundred day moving average is $169.65.

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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. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.55 billion. On average, equities research analysts forecast that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were issued a dividend of $1.00 per share. This is a boost 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 yield of 2.50%. Diamondback Energy's payout ratio is presently 25.32%.

Insiders Place Their Bets

In other Diamondback Energy news, Director Frank D. Tsuru purchased 2,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $156.51 per share, with a total value of $313,020.00. Following the acquisition, the director now owns 5,730 shares of the company's stock, valued at $896,802.30. The trade was a 53.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FANG has been the subject of a number of recent analyst reports. Raymond James lowered their price objective on Diamondback Energy from $245.00 to $214.00 and set a "strong-buy" rating for the company in a research note on Wednesday, March 12th. Wells Fargo & Company decreased their price target on shares of Diamondback Energy from $219.00 to $215.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. The Goldman Sachs Group started coverage on shares of Diamondback Energy in a research note on Monday, December 2nd. They set a "buy" rating and a $227.00 price objective on the stock. Piper Sandler decreased their price objective on shares of Diamondback Energy from $252.00 to $232.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Finally, Mizuho upped their target price on shares of Diamondback Energy from $201.00 to $204.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Four research 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $209.33.

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.