Shelton Wealth Management LLC Has $1.48 Million Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Shelton Wealth Management LLC raised its stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,027 shares of the oil and natural gas company's stock after purchasing an additional 1,563 shares during the period. Shelton Wealth Management LLC's holdings in Diamondback Energy were worth $1,479,000 at the end of the most recent quarter.

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

Diamondback Energy Price Performance

FANG traded up $1.06 on Friday, reaching $180.18. The stock had a trading volume of 1,810,899 shares, compared to its average volume of 2,013,453. The firm has a 50-day moving average of $170.60 and a 200-day moving average of $183.08. Diamondback Energy, Inc. has a fifty-two week low of $147.93 and a fifty-two week high of $214.50. The company has a market capitalization of $52.61 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.88. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.62 by ($1.24). Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the company earned $5.49 EPS. The business's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Diamondback Energy, Inc. will post 16.08 EPS for the current year.

Diamondback Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.00%. Diamondback Energy's dividend payout ratio (DPR) is presently 20.61%.

Insider Buying and Selling

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total value of $208,150.00. Following the transaction, the director now directly owns 4,712 shares of the company's stock, valued at $852,872. The trade was a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Susquehanna decreased their target price on shares of Diamondback Energy from $237.00 to $233.00 and set a "positive" rating on the stock in a research report on Friday, October 18th. Barclays upgraded Diamondback Energy from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $216.00 to $210.00 in a research note on Wednesday, October 2nd. Scotiabank lowered their price objective on Diamondback Energy from $245.00 to $225.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. BMO Capital Markets upgraded Diamondback Energy from a "market perform" rating to an "outperform" rating and upped their target price for the company from $205.00 to $215.00 in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. raised their price target on Diamondback Energy from $191.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $214.17.

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.