Stifel Financial Corp Buys 48,991 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Stifel Financial Corp increased its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,307 shares of the oil and natural gas company's stock after acquiring an additional 48,991 shares during the quarter. Stifel Financial Corp owned approximately 0.09% of Diamondback Energy worth $42,650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. increased its holdings in Diamondback Energy by 8.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 7,915 shares of the oil and natural gas company's stock worth $1,297,000 after purchasing an additional 647 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Diamondback Energy by 22.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,631 shares of the oil and natural gas company's stock valued at $2,888,000 after acquiring an additional 3,218 shares in the last quarter. Transce3nd LLC bought a new stake in shares of Diamondback Energy in the 4th quarter worth $38,000. Sharpepoint LLC purchased a new stake in shares of Diamondback Energy in the fourth quarter valued at about $978,000. Finally, MetLife Investment Management LLC lifted its position in shares of Diamondback Energy by 1.5% during the fourth quarter. MetLife Investment Management LLC now owns 49,489 shares of the oil and natural gas company's stock valued at $8,108,000 after purchasing an additional 751 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Diamondback Energy

In related news, Director Frank D. Tsuru purchased 2,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of $156.51 per share, with a total value of $313,020.00. Following the transaction, the director now directly owns 5,730 shares in the company, valued at $896,802.30. This trade represents a 53.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on Diamondback Energy from $215.00 to $207.00 and set an "overweight" rating for the company in a report on Monday, April 21st. KeyCorp reduced their price target on shares of Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of Diamondback Energy from $167.00 to $166.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Piper Sandler lowered their price target on shares of Diamondback Energy from $240.00 to $234.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Mizuho raised their target price on Diamondback Energy from $201.00 to $204.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $200.96.

Diamondback Energy Trading Up 0.4 %

NASDAQ:FANG traded up $0.60 during mid-day trading on Friday, reaching $136.76. 1,608,355 shares of the company's stock traded hands, compared to its average volume of 2,101,124. Diamondback Energy, Inc. has a 12-month low of $114.00 and a 12-month high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The company has a 50 day moving average price of $145.04 and a 200-day moving average price of $162.78. The firm has a market capitalization of $40.22 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 1.24 and a beta of 1.44.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.07. Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.55 billion. On average, sell-side analysts predict that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

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

About Diamondback Energy

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.