Yaupon Capital Management LP Has $11.78 Million Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Yaupon Capital Management LP reduced its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 73.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,888 shares of the oil and natural gas company's stock after selling 203,112 shares during the quarter. Yaupon Capital Management LP's holdings in Diamondback Energy were worth $11,777,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wintrust Investments LLC acquired a new position in shares of Diamondback Energy in the 4th quarter valued at approximately $28,000. R Squared Ltd bought a new stake in shares of Diamondback Energy in the fourth quarter worth $29,000. UMB Bank n.a. boosted its stake in Diamondback Energy by 247.3% during 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 acquiring an additional 136 shares during the last quarter. Key Financial Inc grew its holdings in Diamondback Energy by 940.0% during the 4th 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 in the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Diamondback Energy in the 4th quarter worth about $38,000. 90.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Diamondback Energy

In other news, Director Frank D. Tsuru bought 2,000 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $156.51 per share, for a total transaction of $313,020.00. Following the completion of the purchase, the director now directly owns 5,730 shares of the company's stock, 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. Company insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

FANG has been the subject of a number of research reports. Scotiabank decreased their price target on Diamondback Energy from $215.00 to $175.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Citigroup raised Diamondback Energy from a "reduce" rating to a "buy" rating and upped their price target for the company from $157.00 to $180.00 in a research report on Monday, April 7th. Piper Sandler decreased their price objective on shares of Diamondback Energy from $240.00 to $234.00 and set an "overweight" rating for the company in a report on Tuesday. Morgan Stanley reissued an "overweight" rating on shares of Diamondback Energy in a report on Tuesday, April 15th. Finally, KeyCorp decreased their price target on shares of Diamondback Energy from $216.00 to $180.00 and set an "overweight" rating for the company in a report on Monday. Three equities 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $200.96.

Diamondback Energy Price Performance

NASDAQ FANG traded up $0.60 on Friday, reaching $136.76. The company's stock had a trading volume of 1,608,355 shares, compared to its average volume of 2,097,455. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $214.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. The firm's 50 day moving average is $145.44 and its two-hundred day moving average is $163.39. The stock has a market cap of $40.22 billion, a PE ratio of 7.83, a PEG ratio of 1.24 and a beta of 1.44.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its earnings results on Tuesday, February 25th. The oil and natural gas company reported $3.64 EPS for the quarter, beating the consensus estimate of $3.57 by $0.07. The business 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, sell-side analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

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

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.