Nisa Investment Advisors LLC Has $8.43 Million Stake in Diamondback Energy, Inc. (NASDAQ:FANG)

Nisa Investment Advisors LLC lessened its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,443 shares of the oil and natural gas company’s stock after selling 3,370 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Diamondback Energy were worth $8,428,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Simon Quick Advisors LLC bought a new stake in Diamondback Energy in the 4th quarter worth about $202,000. MCF Advisors LLC grew its holdings in shares of Diamondback Energy by 24.2% in the fourth quarter. MCF Advisors LLC now owns 1,523 shares of the oil and natural gas company’s stock valued at $249,000 after acquiring an additional 297 shares in the last quarter. Transform Wealth LLC lifted its holdings in Diamondback Energy by 85.7% during the fourth quarter. Transform Wealth LLC now owns 3,805 shares of the oil and natural gas company’s stock worth $623,000 after acquiring an additional 1,756 shares during the period. UMB Bank n.a. boosted its position in Diamondback Energy by 247.3% in the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 136 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Diamondback Energy in the 4th quarter valued at $384,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Down 0.5 %

Shares of NASDAQ FANG opened at $176.63 on Friday. The business has a 50-day moving average of $170.46 and a 200-day moving average of $182.51. The firm has a market capitalization of $51.57 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.44 and a beta of 1.88. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 12 month low of $147.93 and a 12 month high of $214.50.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.62 by ($1.24). The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $5.49 EPS. Sell-side analysts expect that Diamondback Energy, Inc. will post 15.58 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.04%. Diamondback Energy’s dividend payout ratio is 20.61%.

Insider Buying and Selling

In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 1,150 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total value of $208,150.00. Following the completion of the sale, the director now directly owns 4,712 shares of the company’s stock, valued at $852,872. The trade was a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FANG shares. Raymond James boosted their price target on shares of Diamondback Energy from $237.00 to $256.00 and gave the stock a “strong-buy” rating in a report on Thursday. Truist Financial increased their target price on shares of Diamondback Energy from $230.00 to $236.00 and gave the company a “buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on shares of Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Citigroup initiated coverage on Diamondback Energy in a report on Monday, October 14th. They set a “neutral” rating and a $195.00 price objective for the company. Finally, Susquehanna lowered their target price on Diamondback Energy from $237.00 to $233.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Diamondback Energy currently has an average rating of “Moderate Buy” and an average target price of $215.00.

Diamondback Energy Company 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.