Sapient Capital LLC Has $30.10 Million Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Sapient Capital LLC lowered its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,586 shares of the oil and natural gas company’s stock after selling 15,155 shares during the quarter. Sapient Capital LLC owned 0.06% of Diamondback Energy worth $30,099,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Beacon Financial Group acquired a new stake in Diamondback Energy in the fourth quarter valued at $480,000. Chicago Partners Investment Group LLC lifted its stake in Diamondback Energy by 18.0% in the 4th quarter. Chicago Partners Investment Group LLC now owns 4,439 shares of the oil and natural gas company’s stock valued at $680,000 after purchasing an additional 677 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Diamondback Energy by 199.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 48,734 shares of the oil and natural gas company’s stock valued at $7,558,000 after acquiring an additional 32,444 shares in the last quarter. Integrated Advisors Network LLC grew its holdings in shares of Diamondback Energy by 92.8% during the fourth quarter. Integrated Advisors Network LLC now owns 13,031 shares of the oil and natural gas company’s stock worth $2,021,000 after purchasing an additional 6,272 shares during the last quarter. Finally, Centaurus Financial Inc. increased its position in Diamondback Energy by 26.5% in the 4th quarter. Centaurus Financial Inc. now owns 1,285 shares of the oil and natural gas company’s stock valued at $199,000 after acquiring an additional 269 shares during the period. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $192.11 on Monday. Diamondback Energy, Inc. has a twelve month low of $145.70 and a twelve month high of $214.50. The stock has a market capitalization of $34.26 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.22 and a beta of 1.89. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $187.20 and a 200 day moving average of $195.26.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, August 5th. The oil and natural gas company reported $4.52 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.01. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.19 billion. Diamondback Energy had a net margin of 37.51% and a return on equity of 19.54%. Diamondback Energy’s quarterly revenue was up 29.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.68 EPS. Sell-side analysts anticipate that Diamondback Energy, Inc. will post 19.08 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently announced a None dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a $2.34 dividend. This represents a yield of 1.9%. The ex-dividend date of this dividend was Thursday, August 15th. This is an increase from Diamondback Energy’s previous None dividend of $2.26. Diamondback Energy’s dividend payout ratio (DPR) is 20.29%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FANG. BMO Capital Markets raised shares of Diamondback Energy from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $205.00 to $215.00 in a research note on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and set a $220.00 target price on shares of Diamondback Energy in a research report on Tuesday, September 17th. Benchmark boosted their target price on shares of Diamondback Energy from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Truist Financial cut their price target on Diamondback Energy from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Finally, Jefferies Financial Group began coverage on shares of Diamondback Energy in a research note on Monday, September 16th. They issued a “hold” rating and a $185.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.73.

Insider Activity at Diamondback Energy

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

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.