Mount Yale Investment Advisors LLC Has $683,000 Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Mount Yale Investment Advisors LLC trimmed its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 22.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,413 shares of the oil and natural gas company’s stock after selling 1,004 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Diamondback Energy were worth $683,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Diamondback Energy by 14.1% in the fourth quarter. Franklin Resources Inc. now owns 50,633 shares of the oil and natural gas company’s stock valued at $7,852,000 after buying an additional 6,240 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Diamondback Energy by 178.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 30,532 shares of the oil and natural gas company’s stock valued at $6,112,000 after acquiring an additional 19,552 shares during the period. TFO Wealth Partners LLC grew its holdings in shares of Diamondback Energy by 78,990.0% during the 4th quarter. TFO Wealth Partners LLC now owns 7,909 shares of the oil and natural gas company’s stock worth $1,227,000 after purchasing an additional 7,899 shares in the last quarter. Integrated Advisors Network LLC increased its position in shares of 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 purchasing an additional 6,272 shares during the period. Finally, Kapitalo Investimentos Ltda raised its stake 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 valued at $681,000 after purchasing an additional 4,164 shares in the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Stock Up 2.3 %

Diamondback Energy stock opened at $185.25 on Tuesday. The firm has a market cap of $33.04 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.06 and a beta of 1.89. Diamondback Energy, Inc. has a 52-week low of $143.08 and a 52-week high of $214.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.64 and a current ratio of 3.66. The firm has a 50 day moving average price of $191.77 and a two-hundred day moving average price of $195.80.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, August 5th. The oil and natural gas company reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.01. Diamondback Energy had a net margin of 37.51% and a return on equity of 19.54%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the business earned $3.68 earnings per share. Diamondback Energy’s revenue for the quarter was up 29.4% on a year-over-year basis. Equities analysts predict that Diamondback Energy, Inc. will post 19.08 EPS for the current year.

Diamondback Energy Increases Dividend

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

Analyst Ratings Changes

Several research firms have commented on FANG. Susquehanna decreased their target price on shares of Diamondback Energy from $245.00 to $237.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Bank of America lifted their price objective on shares of Diamondback Energy from $201.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company cut their target price on Diamondback Energy from $231.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, August 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $220.00 price target on shares of Diamondback Energy in a research note on Tuesday, September 17th. Finally, Jefferies Financial Group started coverage on Diamondback Energy in a research report on Monday, September 16th. They set a “hold” rating and a $185.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Diamondback Energy currently has an average rating of “Moderate Buy” and a consensus price target of $209.71.

Diamondback Energy Profile

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.