Diamondback Energy, Inc. (NASDAQ:FANG) Shares Purchased by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC increased its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 15.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,366 shares of the oil and natural gas company’s stock after buying an additional 3,175 shares during the period. Diamondback Energy accounts for about 0.7% of Sugarloaf Wealth Management LLC’s portfolio, making the stock its 25th biggest position. Sugarloaf Wealth Management LLC’s holdings in Diamondback Energy were worth $3,828,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. HBW Advisory Services LLC purchased a new stake in shares of Diamondback Energy in the 4th quarter valued at $508,000. Wealth Enhancement Advisory Services LLC lifted its position in Diamondback Energy by 4.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,608 shares of the oil and natural gas company’s stock valued at $2,863,000 after purchasing an additional 637 shares during the period. First Hawaiian Bank boosted its holdings in Diamondback Energy by 2.0% in the fourth quarter. First Hawaiian Bank now owns 12,792 shares of the oil and natural gas company’s stock valued at $2,096,000 after purchasing an additional 245 shares during the last quarter. Fulton Bank N.A. grew its position in Diamondback Energy by 8.1% during the 4th quarter. Fulton Bank N.A. now owns 3,716 shares of the oil and natural gas company’s stock worth $609,000 after purchasing an additional 279 shares during the period. Finally, Park National Corp OH raised its stake in shares of Diamondback Energy by 11.3% during the 4th quarter. Park National Corp OH now owns 45,281 shares of the oil and natural gas company’s stock valued at $7,418,000 after buying an additional 4,580 shares during the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Diamondback Energy

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total transaction of $208,150.00. Following the completion of the transaction, the director now directly owns 4,712 shares of the company’s stock, valued at $852,872. The trade was a 19.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

FANG has been the topic of a number of recent research reports. JPMorgan Chase & Co. began coverage on Diamondback Energy in a research note on Wednesday, October 2nd. They issued an “overweight” rating and a $182.00 target price on the stock. UBS Group lowered their price objective on Diamondback Energy from $235.00 to $212.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. KeyCorp decreased their target price on shares of Diamondback Energy from $225.00 to $216.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Evercore ISI lowered their price target on shares of Diamondback Energy from $235.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Finally, Wells Fargo & Company upped their price objective on shares of Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $209.83.

Diamondback Energy Trading Up 2.3 %

Shares of FANG stock traded up $3.94 on Friday, hitting $174.93. 1,705,217 shares of the stock traded hands, compared to its average volume of 1,891,259. Diamondback Energy, Inc. has a twelve month low of $147.93 and a twelve month high of $214.50. The stock has a market capitalization of $51.08 billion, a PE ratio of 10.01, a PEG ratio of 1.19 and a beta of 1.88. The firm’s 50-day moving average price is $170.78 and its two-hundred day moving average price is $184.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share for the quarter, missing the consensus estimate 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 last year, the company earned $5.49 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, analysts anticipate that Diamondback Energy, Inc. will post 16.51 EPS for the current year.

Diamondback Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, November 14th. Diamondback Energy’s dividend payout ratio (DPR) 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.