Yousif Capital Management LLC Sells 8,830 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Yousif Capital Management LLC cut its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,868 shares of the oil and natural gas company’s stock after selling 8,830 shares during the period. Yousif Capital Management LLC’s holdings in Diamondback Energy were worth $4,632,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FANG. BKM Wealth Management LLC bought a new stake in shares of Diamondback Energy in the 4th quarter worth about $27,000. BluePath Capital Management LLC bought a new stake in shares of Diamondback Energy in the 3rd quarter worth about $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Diamondback Energy in the 4th quarter worth about $34,000. CVA Family Office LLC bought a new stake in shares of Diamondback Energy in the 4th quarter worth about $35,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of Diamondback Energy by 559.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 257 shares of the oil and natural gas company’s stock worth $40,000 after buying an additional 218 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.

Diamondback Energy Price Performance

Diamondback Energy stock opened at $207.76 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.77 and a quick ratio of 0.74. Diamondback Energy, Inc. has a 1 year low of $123.41 and a 1 year high of $211.96. The stock has a market cap of $37.05 billion, a price-to-earnings ratio of 11.98 and a beta of 1.93. The firm has a 50-day moving average of $193.25 and a two-hundred day moving average of $169.49.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Tuesday, February 20th. The oil and natural gas company reported $4.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.61 by $0.13. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.16 billion. Diamondback Energy had a net margin of 37.36% and a return on equity of 19.56%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.29 earnings per share. On average, research analysts forecast that Diamondback Energy, Inc. will post 18.83 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were issued a $3.08 dividend. This represents a $12.32 annualized dividend and a dividend yield of 5.93%. The ex-dividend date of this dividend was Monday, March 4th. This is a boost from Diamondback Energy’s previous quarterly dividend of $0.84. Diamondback Energy’s payout ratio is 20.76%.

Insider Activity

In other news, CAO Teresa L. Dick sold 2,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $192.00, for a total value of $384,000.00. Following the completion of the transaction, the chief accounting officer now owns 96,523 shares of the company’s stock, valued at approximately $18,532,416. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Teresa L. Dick sold 2,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $192.00, for a total value of $384,000.00. Following the completion of the transaction, the chief accounting officer now owns 96,523 shares of the company’s stock, valued at approximately $18,532,416. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Daniel N. Wesson sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $192.17, for a total value of $1,153,020.00. Following the completion of the transaction, the chief operating officer now directly owns 78,218 shares of the company’s stock, valued at approximately $15,031,153.06. The disclosure for this sale can be found here. Insiders sold a total of 57,675 shares of company stock valued at $11,311,096 in the last quarter. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FANG. Susquehanna boosted their target price on shares of Diamondback Energy from $212.00 to $245.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Stifel Nicolaus lifted their price target on shares of Diamondback Energy from $224.00 to $229.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group lifted their price target on shares of Diamondback Energy from $183.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Bank of America raised shares of Diamondback Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $129.00 to $170.00 in a research note on Monday, February 12th. Finally, Evercore ISI lifted their price target on shares of Diamondback Energy from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $202.53.

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.