Stephens Inc. AR Sells 5,665 Shares of Diamondback Energy Inc (NASDAQ:FANG)

Stephens Inc. AR lessened its position in Diamondback Energy Inc (NASDAQ:FANG) by 53.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,910 shares of the oil and natural gas company’s stock after selling 5,665 shares during the quarter. Stephens Inc. AR’s holdings in Diamondback Energy were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FANG. Dimensional Fund Advisors LP raised its stake in Diamondback Energy by 60.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,374,465 shares of the oil and natural gas company’s stock worth $127,413,000 after buying an additional 517,292 shares during the period. Geode Capital Management LLC raised its stake in Diamondback Energy by 128.1% during the 4th quarter. Geode Capital Management LLC now owns 2,040,175 shares of the oil and natural gas company’s stock worth $188,797,000 after buying an additional 1,145,573 shares during the period. Chicago Partners Investment Group LLC raised its stake in Diamondback Energy by 8.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 3,178 shares of the oil and natural gas company’s stock worth $341,000 after buying an additional 256 shares during the period. Conning Inc. acquired a new position in Diamondback Energy during the 1st quarter worth approximately $211,000. Finally, Brinker Capital Inc. raised its stake in Diamondback Energy by 74.7% during the 1st quarter. Brinker Capital Inc. now owns 20,628 shares of the oil and natural gas company’s stock worth $2,094,000 after buying an additional 8,822 shares during the period. 99.35% of the stock is currently owned by institutional investors and hedge funds.

FANG stock opened at $100.10 on Thursday. The firm has a market cap of $16.30 billion, a PE ratio of 17.05, a P/E/G ratio of 0.66 and a beta of 0.82. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $101.63 and a 200-day moving average of $103.13. Diamondback Energy Inc has a 12-month low of $85.19 and a 12-month high of $140.78.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Tuesday, August 6th. The oil and natural gas company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.04). Diamondback Energy had a net margin of 26.92% and a return on equity of 6.50%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company posted $1.59 EPS. Diamondback Energy’s revenue for the quarter was up 93.7% on a year-over-year basis. On average, research analysts expect that Diamondback Energy Inc will post 7.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 16th will be paid a $0.188 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.75 annualized dividend and a yield of 0.75%. Diamondback Energy’s payout ratio is 12.78%.

In other Diamondback Energy news, CEO Travis D. Stice acquired 4,186 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $95.55 per share, for a total transaction of $399,972.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Russell Pantermuehl sold 5,000 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $107.28, for a total value of $536,400.00. Following the completion of the sale, the vice president now owns 112,107 shares in the company, valued at approximately $12,026,838.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,500 shares of company stock worth $997,605. 0.47% of the stock is owned by company insiders.

A number of analysts have commented on the company. Royal Bank of Canada reissued a “buy” rating and set a $156.00 price objective on shares of Diamondback Energy in a report on Sunday, August 11th. Roth Capital decreased their price objective on Diamondback Energy from $150.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Oppenheimer decreased their price objective on Diamondback Energy from $151.00 to $138.00 and set an “outperform” rating for the company in a report on Thursday. TD Securities boosted their price objective on Diamondback Energy from $155.00 to $160.00 and gave the stock an “action list buy” rating in a report on Thursday, June 20th. Finally, Williams Capital reissued a “buy” rating and set a $165.00 price objective on shares of Diamondback Energy in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $153.20.

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.

Further Reading: Catch-Up Contributions

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

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