Stephens Investment Management Group LLC Sells 43,585 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Stephens Investment Management Group LLC cut its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 19.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,314 shares of the oil and natural gas company’s stock after selling 43,585 shares during the period. Stephens Investment Management Group LLC owned approximately 0.06% of Diamondback Energy worth $28,886,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Diamondback Energy during the 4th quarter worth about $29,000. UMB Bank n.a. boosted its position in Diamondback Energy by 247.3% during 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 period. Values First Advisors Inc. acquired a new position in Diamondback Energy during the third quarter valued at approximately $42,000. CVA Family Office LLC raised its position in shares of Diamondback Energy by 28.1% in the third quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company’s stock valued at $51,000 after purchasing an additional 65 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Diamondback Energy in the third quarter worth $52,000. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Stock Down 1.2 %

NASDAQ FANG opened at $158.13 on Monday. The stock’s 50 day simple moving average is $167.54 and its 200 day simple moving average is $179.30. Diamondback Energy, Inc. has a one year low of $151.25 and a one year high of $214.50. The firm has a market cap of $46.17 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42.

Diamondback Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.90 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.28%. Diamondback Energy’s dividend payout ratio is 20.61%.

Analysts Set New Price Targets

Several research analysts recently commented on FANG shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $210.00 target price on shares of Diamondback Energy in a report on Thursday, January 23rd. The Goldman Sachs Group started coverage on Diamondback Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $227.00 price objective for the company. UBS Group dropped their price target on Diamondback Energy from $235.00 to $212.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. JPMorgan Chase & Co. raised their price objective on shares of Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Mizuho cut their target price on shares of Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $215.00.

Insider Buying and Selling

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

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.