Diamondback Energy, Inc. (NASDAQ:FANG) Shares Purchased by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC raised its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 53.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,102 shares of the oil and natural gas company’s stock after purchasing an additional 3,180 shares during the period. Coyle Financial Counsel LLC’s holdings in Diamondback Energy were worth $1,491,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Diamondback Energy in the fourth quarter valued at approximately $29,000. UMB Bank n.a. lifted its position in shares of Diamondback Energy by 247.3% in the fourth 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 in the last quarter. Key Financial Inc lifted its position in shares of Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock valued at $34,000 after acquiring an additional 188 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Diamondback Energy in the third quarter valued at approximately $52,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Diamondback Energy in the fourth quarter valued at approximately $67,000. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Price Performance

NASDAQ:FANG opened at $155.23 on Tuesday. Diamondback Energy, Inc. has a 52 week low of $152.00 and a 52 week high of $214.50. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average is $165.52 and its two-hundred day moving average is $176.27. The company has a market capitalization of $45.33 billion, a P/E ratio of 8.89, a P/E/G ratio of 1.24 and a beta of 1.86.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, February 24th. The oil and natural gas company reported $3.64 earnings per share for the quarter, beating 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%. Equities analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be paid a $1.00 dividend. This is a boost from Diamondback Energy’s previous quarterly dividend of $0.90. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.58%. Diamondback Energy’s payout ratio is presently 20.61%.

Analysts Set New Price Targets

Several research firms have recently weighed in on FANG. Benchmark restated a “buy” rating and issued a $195.00 target price on shares of Diamondback Energy in a research report on Tuesday, October 29th. Piper Sandler decreased their target price on Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Wells Fargo & Company raised their target price on Diamondback Energy from $218.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. StockNews.com upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Raymond James raised their target price on Diamondback Energy from $237.00 to $256.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Four investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $216.22.

Diamondback Energy Company 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.