4,867 Shares in Diamondback Energy, Inc. $FANG Acquired by Odyssean LLC

Odyssean LLC bought a new stake in Diamondback Energy, Inc. (NASDAQ:FANG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,867 shares of the oil and natural gas company’s stock, valued at approximately $856,000.

A number of other large investors have also recently bought and sold shares of FANG. Laurel Wealth Advisors LLC acquired a new position in shares of Diamondback Energy in the fourth quarter worth $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Diamondback Energy in the first quarter valued at $26,000. JPL Wealth Management LLC acquired a new stake in shares of Diamondback Energy during the third quarter valued at $26,000. Wellington Shields & Co. LLC boosted its stake in shares of Diamondback Energy by 264.7% during the fourth quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 135 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Diamondback Energy during the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Stock Performance

NASDAQ:FANG opened at $199.84 on Thursday. Diamondback Energy, Inc. has a fifty-two week low of $134.30 and a fifty-two week high of $216.90. The firm’s 50 day moving average is $192.62 and its two-hundred day moving average is $190.20. The company has a market cap of $55.96 billion, a P/E ratio of 38.96 and a beta of 0.43. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.25.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported $6.48 EPS for the quarter, topping analysts’ consensus estimates of $6.08 by $0.40. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $4.89 billion. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%.The business’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 EPS. Analysts expect that Diamondback Energy, Inc. will post 20.13 EPS for the current year.

Diamondback Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, August 13th. Diamondback Energy’s dividend payout ratio (DPR) is 85.77%.

Analyst Upgrades and Downgrades

FANG has been the subject of several analyst reports. Wolfe Research reissued an “outperform” rating and issued a $206.00 target price on shares of Diamondback Energy in a research note on Tuesday, August 4th. Sanford C. Bernstein raised their price target on shares of Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Zacks Research downgraded shares of Diamondback Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen raised shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Roth Capital set a $212.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Monday, June 22nd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $222.21.

Insider Transactions at Diamondback Energy

In other Diamondback Energy news, Director Charles Alvin Meloy sold 33,333 shares of Diamondback Energy stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $198.41, for a total transaction of $6,613,600.53. Following the transaction, the director directly owned 818,197 shares of the company’s stock, valued at $162,338,466.77. The trade was a 3.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Lawrence Plaumann sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total transaction of $98,250.00. Following the sale, the director owned 13,437 shares of the company’s stock, valued at approximately $2,640,370.50. This represents a 3.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 129,167 shares of company stock worth $24,714,309 over the last 90 days. Company insiders own 0.64% of the company’s stock.

Diamondback Energy Company Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.