Diamondback Energy, Inc. (NASDAQ:FANG) Shares Acquired by Park National Corp OH

Park National Corp OH increased its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,281 shares of the oil and natural gas company’s stock after purchasing an additional 4,580 shares during the quarter. Park National Corp OH’s holdings in Diamondback Energy were worth $7,418,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of FANG. Private Advisor Group LLC increased its holdings in Diamondback Energy by 15.9% during the 2nd quarter. Private Advisor Group LLC now owns 22,012 shares of the oil and natural gas company’s stock valued at $4,407,000 after acquiring an additional 3,025 shares in the last quarter. Candriam S.C.A. grew its holdings in Diamondback Energy by 32.6% during the 2nd quarter. Candriam S.C.A. now owns 15,576 shares of the oil and natural gas company’s stock valued at $3,118,000 after buying an additional 3,832 shares during the last quarter. Savant Capital LLC increased its position in Diamondback Energy by 111.2% during the second quarter. Savant Capital LLC now owns 6,407 shares of the oil and natural gas company’s stock worth $1,283,000 after buying an additional 3,373 shares in the last quarter. Norden Group LLC raised its holdings in shares of Diamondback Energy by 29.1% in the second quarter. Norden Group LLC now owns 1,545 shares of the oil and natural gas company’s stock worth $309,000 after acquiring an additional 348 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Diamondback Energy in the second quarter valued at $204,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup started coverage on shares of Diamondback Energy in a research note on Monday, October 14th. They issued a “neutral” rating and a $195.00 target price for the company. Benchmark reiterated a “buy” rating and issued a $195.00 price target on shares of Diamondback Energy in a report on Tuesday, October 29th. Wolfe Research raised Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Friday, January 3rd. Susquehanna lowered their price objective on Diamondback Energy from $237.00 to $233.00 and set a “positive” rating for the company in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. started coverage on Diamondback Energy in a research report on Wednesday, October 2nd. They set an “overweight” rating and a $182.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.83.

Insider Buying and Selling at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total value of $208,150.00. Following the completion of the sale, the director now owns 4,712 shares of the company’s stock, valued at approximately $852,872. The trade was a 19.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Diamondback Energy Price Performance

Shares of FANG stock opened at $172.42 on Wednesday. The firm has a fifty day simple moving average of $171.01 and a 200-day simple moving average of $184.30. The company has a market capitalization of $50.34 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.19 and a beta of 1.88. Diamondback Energy, Inc. has a twelve month low of $147.93 and a twelve month high of $214.50. 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) last posted its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.43 billion. During the same period in the previous year, the company earned $5.49 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts anticipate that Diamondback Energy, Inc. will post 16.51 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.09%. Diamondback Energy’s dividend payout ratio is presently 20.61%.

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.