Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Diamondback Energy Inc (NASDAQ:FANG) by 48.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,220 shares of the oil and natural gas company’s stock after acquiring an additional 1,050 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Diamondback Energy were worth $326,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FANG. Securian Asset Management Inc boosted its holdings in Diamondback Energy by 0.6% during the first quarter. Securian Asset Management Inc now owns 16,116 shares of the oil and natural gas company’s stock worth $1,636,000 after buying an additional 95 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Diamondback Energy by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the oil and natural gas company’s stock worth $833,000 after acquiring an additional 100 shares during the last quarter. LS Investment Advisors LLC raised its position in Diamondback Energy by 2.0% during the first quarter. LS Investment Advisors LLC now owns 5,533 shares of the oil and natural gas company’s stock worth $562,000 after acquiring an additional 106 shares during the last quarter. Fruth Investment Management raised its position in Diamondback Energy by 5.2% during the first quarter. Fruth Investment Management now owns 2,301 shares of the oil and natural gas company’s stock worth $233,000 after acquiring an additional 114 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Diamondback Energy by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 36,576 shares of the oil and natural gas company’s stock worth $3,391,000 after acquiring an additional 116 shares during the last quarter.

A number of equities analysts have recently weighed in on the stock. Morgan Stanley set a $147.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, January 29th. Williams Capital reissued a “buy” rating and issued a $153.00 price objective on shares of Diamondback Energy in a research report on Wednesday, February 20th. ValuEngine raised shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Zacks Investment Research raised shares of Diamondback Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Wells Fargo & Co boosted their price objective on shares of Diamondback Energy from $161.00 to $177.00 and gave the company an “outperform” rating in a research report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $161.09.

Shares of FANG stock opened at $108.88 on Thursday. Diamondback Energy Inc has a one year low of $85.19 and a one year high of $140.78. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 0.32. The company has a market cap of $18.74 billion, a P/E ratio of 18.55, a P/E/G ratio of 0.68 and a beta of 0.80.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Tuesday, May 7th. The oil and natural gas company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.36 by $0.03. Diamondback Energy had a net margin of 27.05% and a return on equity of 6.81%. The firm had revenue of $864.00 million during the quarter, compared to analyst estimates of $893.16 million. During the same quarter in the prior year, the business posted $1.64 earnings per share. Diamondback Energy’s revenue for the quarter was up 80.4% compared to the same quarter last year. Research analysts anticipate that Diamondback Energy Inc will post 8.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 28th will be given a dividend of $0.188 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.75 annualized dividend and a yield of 0.69%. Diamondback Energy’s dividend payout ratio is 8.52%.

In other news, CFO Hof Matthew Kaes Van’t sold 1,700 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $101.82, for a total value of $173,094.00. Following the completion of the transaction, the chief financial officer now directly owns 28,965 shares in the company, valued at $2,949,216.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael L. Hollis bought 5,313 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was purchased at an average price of $95.12 per share, with a total value of $505,372.56. The disclosure for this purchase can be found here. Insiders have sold 11,050 shares of company stock valued at $1,187,058 in the last ninety days. 0.47% of the stock is currently owned by company insiders.

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Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily 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.

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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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