WINTON GROUP Ltd Makes New Investment in Diamondback Energy, Inc. (NASDAQ:FANG)

WINTON GROUP Ltd bought a new position in Diamondback Energy, Inc. (NASDAQ:FANG) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,022 shares of the oil and natural gas company’s stock, valued at approximately $405,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. boosted its position in shares of Diamondback Energy by 14.1% during the 4th quarter. Franklin Resources Inc. now owns 50,633 shares of the oil and natural gas company’s stock valued at $7,852,000 after purchasing an additional 6,240 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Diamondback Energy by 178.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 30,532 shares of the oil and natural gas company’s stock worth $6,112,000 after acquiring an additional 19,552 shares in the last quarter. TFO Wealth Partners LLC boosted its holdings in Diamondback Energy by 78,990.0% in the fourth quarter. TFO Wealth Partners LLC now owns 7,909 shares of the oil and natural gas company’s stock worth $1,227,000 after acquiring an additional 7,899 shares in the last quarter. Integrated Advisors Network LLC boosted its holdings in Diamondback Energy by 92.8% in the fourth quarter. Integrated Advisors Network LLC now owns 13,031 shares of the oil and natural gas company’s stock worth $2,021,000 after acquiring an additional 6,272 shares in the last quarter. Finally, Kapitalo Investimentos Ltda boosted its holdings in Diamondback Energy by 1,842.5% in the fourth quarter. Kapitalo Investimentos Ltda now owns 4,390 shares of the oil and natural gas company’s stock worth $681,000 after acquiring an additional 4,164 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FANG shares. Wells Fargo & Company cut their price target on Diamondback Energy from $231.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, August 14th. Truist Financial increased their price target on Diamondback Energy from $249.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. StockNews.com downgraded Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Saturday, July 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $220.00 price objective on shares of Diamondback Energy in a research note on Tuesday. Finally, Bank of America increased their price objective on Diamondback Energy from $201.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $209.71.

Diamondback Energy Stock Performance

Shares of FANG opened at $178.12 on Thursday. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average price is $193.26 and its 200-day moving average price is $195.65. Diamondback Energy, Inc. has a 52 week low of $143.08 and a 52 week high of $214.50. The stock has a market cap of $31.77 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.06 and a beta of 1.89.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, August 5th. The oil and natural gas company reported $4.52 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.01. Diamondback Energy had a return on equity of 19.54% and a net margin of 37.51%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the firm posted $3.68 EPS. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year. Equities research analysts anticipate that Diamondback Energy, Inc. will post 19.08 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently declared a None dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a $2.34 dividend. This is a boost from Diamondback Energy’s previous None dividend of $2.26. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, August 15th. Diamondback Energy’s payout ratio is currently 20.29%.

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.