Radnor Capital Management LLC Acquires 360 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Radnor Capital Management LLC boosted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 22.3% during the 1st quarter, HoldingsChannel reports. The fund owned 1,975 shares of the oil and natural gas company’s stock after purchasing an additional 360 shares during the period. Radnor Capital Management LLC’s holdings in Diamondback Energy were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FANG. MCF Advisors LLC lifted its holdings in shares of Diamondback Energy by 8.6% in the 4th quarter. MCF Advisors LLC now owns 846 shares of the oil and natural gas company’s stock worth $131,000 after acquiring an additional 67 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Diamondback Energy by 2.5% in the fourth quarter. Bleakley Financial Group LLC now owns 3,115 shares of the oil and natural gas company’s stock worth $483,000 after purchasing an additional 75 shares during the last quarter. Simplicity Solutions LLC boosted its position in shares of Diamondback Energy by 2.5% during the fourth quarter. Simplicity Solutions LLC now owns 3,115 shares of the oil and natural gas company’s stock valued at $483,000 after buying an additional 75 shares during the period. Baldwin Investment Management LLC grew its stake in shares of Diamondback Energy by 1.2% during the fourth quarter. Baldwin Investment Management LLC now owns 6,170 shares of the oil and natural gas company’s stock valued at $957,000 after buying an additional 75 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Diamondback Energy by 3.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 2,796 shares of the oil and natural gas company’s stock worth $434,000 after buying an additional 82 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Susquehanna upped their price objective on Diamondback Energy from $212.00 to $245.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Truist Financial raised their target price on shares of Diamondback Energy from $248.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Royal Bank of Canada boosted their price target on Diamondback Energy from $195.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Stifel Nicolaus raised their price objective on Diamondback Energy from $224.00 to $229.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, KeyCorp lifted their price objective on Diamondback Energy from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Diamondback Energy has an average rating of “Moderate Buy” and a consensus target price of $209.35.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, CEO Travis D. Stice sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $200.00, for a total transaction of $6,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 446,610 shares of the company’s stock, valued at approximately $89,322,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Daniel N. Wesson sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $197.14, for a total transaction of $1,182,840.00. Following the completion of the transaction, the chief operating officer now directly owns 69,677 shares of the company’s stock, valued at approximately $13,736,123.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Travis D. Stice sold 30,000 shares of Diamondback Energy stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $200.00, for a total transaction of $6,000,000.00. Following the completion of the sale, the chief executive officer now owns 446,610 shares in the company, valued at approximately $89,322,000. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock valued at $7,362,750 in the last ninety days. Company insiders own 0.48% of the company’s stock.

Diamondback Energy Trading Up 0.7 %

Diamondback Energy stock opened at $192.31 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.92. The stock has a market cap of $34.30 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.05 and a beta of 1.90. The stock has a 50-day moving average of $197.14 and a two-hundred day moving average of $179.98. Diamondback Energy, Inc. has a one year low of $125.69 and a one year high of $211.96.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, April 30th. The oil and natural gas company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.29 by $0.21. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.10 billion. Diamondback Energy had a net margin of 36.71% and a return on equity of 19.36%. Diamondback Energy’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $4.10 EPS. On average, research analysts anticipate that Diamondback Energy, Inc. will post 19.05 EPS for the current fiscal year.

Diamondback Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Tuesday, May 14th. Diamondback Energy’s dividend payout ratio (DPR) is presently 20.29%.

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.