Jefferies Financial Group Inc. Has $392,000 Stock Holdings in Diamondback Energy, Inc. $FANG

Jefferies Financial Group Inc. decreased its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 93.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,855 shares of the oil and natural gas company’s stock after selling 40,305 shares during the period. Jefferies Financial Group Inc.’s holdings in Diamondback Energy were worth $392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SouthState Corp raised its stake in shares of Diamondback Energy by 596.4% during the 1st quarter. SouthState Corp now owns 195 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 167 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in Diamondback Energy in the second quarter worth approximately $28,000. Eastern Bank increased its holdings in Diamondback Energy by 119.8% in the first quarter. Eastern Bank now owns 233 shares of the oil and natural gas company’s stock worth $37,000 after buying an additional 127 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Diamondback Energy during the first quarter valued at approximately $43,000. Finally, Cape Investment Advisory Inc. lifted its stake in Diamondback Energy by 148.6% in the first quarter. Cape Investment Advisory Inc. now owns 343 shares of the oil and natural gas company’s stock valued at $55,000 after acquiring an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Up 2.1%

Diamondback Energy stock opened at $152.42 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.60. Diamondback Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $180.91. The firm has a fifty day moving average price of $144.53 and a two-hundred day moving average price of $142.96. The firm has a market cap of $43.65 billion, a price-to-earnings ratio of 10.59 and a beta of 0.99.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 3rd. The oil and natural gas company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.14. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same period in the previous year, the company posted $3.19 earnings per share. The firm’s revenue for the quarter was up 48.4% on a year-over-year basis. As a group, analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, November 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.6%. Diamondback Energy’s payout ratio is 27.80%.

Wall Street Analyst Weigh In

Several research firms have commented on FANG. Melius began coverage on shares of Diamondback Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $213.00 target price for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of Diamondback Energy in a research note on Friday, October 10th. Roth Capital set a $162.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Morgan Stanley restated an “overweight” rating and set a $183.00 target price on shares of Diamondback Energy in a report on Thursday, November 20th. Finally, Raymond James Financial decreased their price target on Diamondback Energy from $221.00 to $212.00 and set a “strong-buy” rating for the company in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Diamondback Energy currently has an average rating of “Buy” and an average target price of $188.77.

About Diamondback Energy

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.