Two Sigma Securities LLC Has $455,000 Stock Holdings in Diamondback Energy, Inc. $FANG

Two Sigma Securities LLC trimmed its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 74.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,589 shares of the oil and natural gas company’s stock after selling 7,467 shares during the quarter. Two Sigma Securities LLC’s holdings in Diamondback Energy were worth $455,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Cedar Mountain Advisors LLC acquired a new stake in shares of Diamondback Energy in the 1st quarter worth about $26,000. JPL Wealth Management LLC acquired a new position in Diamondback Energy during the 3rd quarter valued at about $26,000. Wellington Shields & Co. LLC boosted its stake in Diamondback Energy by 264.7% during the 4th quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 135 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Diamondback Energy during the 2nd quarter worth approximately $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Diamondback Energy in the fourth quarter worth approximately $31,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on FANG. Mizuho raised their target price on Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Morgan Stanley reissued an “equal weight” rating and issued a $216.00 price target on shares of Diamondback Energy in a research report on Wednesday, August 19th. Barclays dropped their price objective on Diamondback Energy from $232.00 to $221.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Roth Capital set a $212.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $248.00 target price on shares of Diamondback Energy in a research note on Friday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Diamondback Energy presently has an average rating of “Moderate Buy” and an average target price of $222.21.

Diamondback Energy Price Performance

Shares of NASDAQ FANG opened at $203.42 on Thursday. Diamondback Energy, Inc. has a twelve month low of $134.30 and a twelve month high of $216.90. The stock’s 50 day moving average price is $194.21 and its 200-day moving average price is $191.41. The company has a market capitalization of $56.96 billion, a PE ratio of 39.65 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 issued its quarterly earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.08 by $0.40. The company 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%.Diamondback Energy’s revenue was up 51.2% on a year-over-year basis. During the same period last year, the business posted $2.38 earnings per share. On average, equities analysts anticipate that Diamondback Energy, Inc. will post 20.13 EPS for the current year.

Diamondback Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were given a dividend of $1.10 per share. The ex-dividend date was Thursday, August 13th. This represents a $4.40 annualized dividend and a yield of 2.2%. Diamondback Energy’s dividend payout ratio is presently 85.77%.

Insider Transactions at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles Alvin Meloy sold 83,334 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $187.12, for a total transaction of $15,593,458.08. Following the sale, the director owned 851,530 shares of the company’s stock, valued at approximately $159,338,293.60. The trade was a 8.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 117,167 shares of company stock worth $22,305,309. Corporate insiders own 0.64% of the company’s stock.

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.