Clear Harbor Asset Management LLC cut its stake in Diamondback Energy Inc (NASDAQ:FANG) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,678 shares of the oil and natural gas company’s stock after selling 2,416 shares during the period. Diamondback Energy makes up 1.5% of Clear Harbor Asset Management LLC’s holdings, making the stock its 11th largest position. Clear Harbor Asset Management LLC’s holdings in Diamondback Energy were worth $7,481,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strs Ohio lifted its position in Diamondback Energy by 0.4% during the 1st quarter. Strs Ohio now owns 211,987 shares of the oil and natural gas company’s stock worth $21,523,000 after buying an additional 903 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in Diamondback Energy by 3.4% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 126,008 shares of the oil and natural gas company’s stock worth $12,794,000 after buying an additional 4,146 shares in the last quarter. Gulf International Bank UK Ltd raised its holdings in shares of Diamondback Energy by 1.7% in the 1st quarter. Gulf International Bank UK Ltd now owns 37,234 shares of the oil and natural gas company’s stock valued at $3,780,000 after purchasing an additional 619 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of Diamondback Energy by 17.4% in the 1st quarter. IFM Investors Pty Ltd now owns 10,541 shares of the oil and natural gas company’s stock valued at $1,070,000 after purchasing an additional 1,564 shares during the period. Finally, Aurora Investment Counsel raised its holdings in shares of Diamondback Energy by 1.6% in the 1st quarter. Aurora Investment Counsel now owns 17,117 shares of the oil and natural gas company’s stock valued at $1,738,000 after purchasing an additional 263 shares during the period. 99.74% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Randall J. Holder sold 4,000 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $104.13, for a total transaction of $416,520.00. Following the completion of the transaction, the insider now owns 14,448 shares of the company’s stock, valued at $1,504,470.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Hof Matthew Kaes Van’t sold 1,700 shares of Diamondback Energy stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $101.82, for a total transaction of $173,094.00. Following the transaction, the chief financial officer now directly owns 28,965 shares of the company’s stock, valued at approximately $2,949,216.30. The disclosure for this sale can be found here. Insiders have sold 6,050 shares of company stock valued at $626,158 in the last ninety days. Insiders own 0.57% of the company’s stock.
NASDAQ FANG opened at $107.89 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. The company has a market cap of $17.82 billion, a P/E ratio of 18.38, a PEG ratio of 0.67 and a beta of 0.80. Diamondback Energy Inc has a 1 year low of $85.19 and a 1 year high of $140.78.
Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Tuesday, May 7th. The oil and natural gas company reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.03. The business had revenue of $864.00 million during the quarter, compared to the consensus estimate of $893.16 million. Diamondback Energy had a net margin of 27.05% and a return on equity of 6.81%. The firm’s revenue was up 80.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 EPS. Equities analysts expect that Diamondback Energy Inc will post 7.86 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.188 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.75 annualized dividend and a dividend yield of 0.70%. This is an increase from Diamondback Energy’s previous quarterly dividend of $0.13. Diamondback Energy’s dividend payout ratio (DPR) is presently 8.52%.
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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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