Diamondback Energy, Inc. (NASDAQ:FANG) Shares Acquired by Fulcrum Capital LLC

Fulcrum Capital LLC increased its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,558 shares of the oil and natural gas company’s stock after buying an additional 332 shares during the period. Fulcrum Capital LLC’s holdings in Diamondback Energy were worth $4,679,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FANG. Moody National Bank Trust Division increased its position in Diamondback Energy by 50.6% during the fourth quarter. Moody National Bank Trust Division now owns 30,120 shares of the oil and natural gas company’s stock worth $4,935,000 after purchasing an additional 10,120 shares during the last quarter. Salem Investment Counselors Inc. increased its position in Diamondback Energy by 0.6% during the fourth quarter. Salem Investment Counselors Inc. now owns 21,892 shares of the oil and natural gas company’s stock worth $3,587,000 after purchasing an additional 120 shares during the last quarter. Fragasso Financial Advisors Inc increased its position in Diamondback Energy by 3.8% during the fourth quarter. Fragasso Financial Advisors Inc now owns 1,928 shares of the oil and natural gas company’s stock worth $316,000 after purchasing an additional 70 shares during the last quarter. Czech National Bank increased its position in Diamondback Energy by 6.2% during the fourth quarter. Czech National Bank now owns 40,518 shares of the oil and natural gas company’s stock worth $6,638,000 after purchasing an additional 2,352 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC increased its position in Diamondback Energy by 15.7% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 23,366 shares of the oil and natural gas company’s stock worth $3,828,000 after purchasing an additional 3,175 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock traded up $2.48 during trading hours on Monday, reaching $177.25. The company’s stock had a trading volume of 1,875,679 shares, compared to its average volume of 2,039,268. The company’s 50 day simple moving average is $170.76 and its 200 day simple moving average is $183.77. 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, Inc. has a one year low of $147.93 and a one year high of $214.50. The stock has a market cap of $51.76 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 1.19 and a beta of 1.88.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $4.62 by ($1.24). Diamondback Energy had a return on equity of 13.68% and a net margin of 33.64%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the business posted $5.49 earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, analysts expect that Diamondback Energy, Inc. will post 16.51 EPS for the current fiscal 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 given a $0.90 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.03%. Diamondback Energy’s payout ratio is currently 20.61%.

Insider Transactions at Diamondback Energy

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of the 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 sale, the director now owns 4,712 shares of the company’s stock, valued at $852,872. This trade represents a 19.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FANG shares. Truist Financial increased their price objective on shares of Diamondback Energy from $230.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday. Mizuho dropped their price objective on shares of Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. started coverage on shares of Diamondback Energy in a research report on Wednesday, October 2nd. They issued an “overweight” rating and a $182.00 price objective for the company. UBS Group dropped their price objective on shares of Diamondback Energy from $235.00 to $212.00 and set a “buy” rating for the company in a research report on Monday, December 9th. Finally, Piper Sandler dropped their price objective on shares of Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Diamondback Energy currently has an average rating of “Moderate Buy” and an average target price of $210.08.

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.