iSAM Funds UK Ltd Buys 3,540 Shares of Diamondback Energy, Inc. $FANG

iSAM Funds UK Ltd boosted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 57.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,700 shares of the oil and natural gas company’s stock after purchasing an additional 3,540 shares during the quarter. Diamondback Energy accounts for approximately 1.2% of iSAM Funds UK Ltd’s holdings, making the stock its 12th biggest position. iSAM Funds UK Ltd’s holdings in Diamondback Energy were worth $1,705,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FANG. Cedar Mountain Advisors LLC acquired a new stake in Diamondback Energy in the 1st quarter worth $26,000. JPL Wealth Management LLC acquired a new position in shares of Diamondback Energy during the third quarter valued at about $26,000. Wellington Shields & Co. LLC raised its position 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 buying an additional 135 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Diamondback Energy in the second quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Diamondback Energy in the fourth quarter valued at about $31,000. 90.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Charles Alvin Meloy sold 83,334 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $187.12, for a total value of $15,593,458.08. Following the completion of the sale, the director directly owned 851,530 shares in the company, valued at approximately $159,338,293.60. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Lawrence Plaumann sold 500 shares of Diamondback Energy stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total value of $98,250.00. Following the completion of the transaction, the director directly owned 13,437 shares of the company’s stock, valued at $2,640,370.50. This represents a 3.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 117,167 shares of company stock worth $22,305,309. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FANG shares. Wall Street Zen raised Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $205.00 price target on shares of Diamondback Energy in a report on Sunday, August 9th. Mizuho raised their price objective on Diamondback Energy from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Citigroup lowered their price objective on Diamondback Energy from $221.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $216.00 target price on shares of Diamondback Energy in a research note on Wednesday, August 19th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Diamondback Energy has a consensus rating of “Moderate Buy” and an average price target of $222.21.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $203.42 on Thursday. Diamondback Energy, Inc. has a 1-year low of $134.30 and a 1-year high of $216.90. The company has a 50 day moving average of $194.21 and a 200-day moving average of $191.41. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The firm has a market cap of $56.96 billion, a price-to-earnings ratio of 39.65 and a beta of 0.43.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 EPS for the quarter, topping the consensus estimate of $6.08 by $0.40. The business had revenue of $5.56 billion for 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%.Diamondback Energy’s revenue was up 51.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.38 EPS. On average, equities analysts forecast that Diamondback Energy, Inc. will post 20.13 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

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

Diamondback Energy 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.