Wetzel Investment Advisors Inc. Invests $122,000 in Diamondback Energy, Inc. (NASDAQ:FANG)

Wetzel Investment Advisors Inc. bought a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 785 shares of the oil and natural gas company’s stock, valued at approximately $122,000.

Several other large investors also recently modified their holdings of the stock. BKM Wealth Management LLC bought a new stake in shares of Diamondback Energy during the 4th quarter worth $27,000. BluePath Capital Management LLC bought a new stake in shares of Diamondback Energy during the 3rd quarter worth $28,000. FinTrust Capital Advisors LLC lifted its position in shares of Diamondback Energy by 232.8% during the 4th quarter. FinTrust Capital Advisors LLC now owns 213 shares of the oil and natural gas company’s stock worth $29,000 after buying an additional 149 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its position in shares of Diamondback Energy by 366.7% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 224 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 176 shares during the last quarter. Finally, IMA Wealth Inc. bought a new stake in shares of Diamondback Energy during the 2nd quarter worth $33,000. 90.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, CAO Teresa L. Dick sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $192.00, for a total value of $384,000.00. Following the completion of the sale, the chief accounting officer now owns 96,523 shares of the company’s stock, valued at $18,532,416. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Travis D. Stice sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $200.00, for a total value of $6,000,000.00. Following the transaction, the chief executive officer now owns 446,610 shares in the company, valued at $89,322,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Teresa L. Dick sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $192.00, for a total value of $384,000.00. Following the completion of the transaction, the chief accounting officer now owns 96,523 shares in the company, valued at approximately $18,532,416. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,675 shares of company stock valued at $11,311,096. Company insiders own 0.43% of the company’s stock.

Diamondback Energy Trading Up 0.6 %

NASDAQ FANG traded up $1.14 during trading hours on Friday, hitting $200.74. 1,800,897 shares of the company’s stock were exchanged, compared to its average volume of 1,299,025. The stock has a 50-day simple moving average of $189.90 and a 200 day simple moving average of $167.56. Diamondback Energy, Inc. has a 1-year low of $123.41 and a 1-year high of $211.96. The firm has a market cap of $35.80 billion, a price-to-earnings ratio of 11.58 and a beta of 1.93. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.38.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, February 20th. The oil and natural gas company reported $4.74 EPS for the quarter, beating analysts’ consensus estimates of $4.61 by $0.13. Diamondback Energy had a return on equity of 19.56% and a net margin of 37.36%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the firm posted $5.29 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that Diamondback Energy, Inc. will post 18.53 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were paid a $3.08 dividend. This represents a $12.32 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend was Monday, March 4th. This is a boost from Diamondback Energy’s previous quarterly dividend of $0.84. Diamondback Energy’s dividend payout ratio (DPR) is 20.76%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FANG. Raymond James dropped their price objective on Diamondback Energy from $190.00 to $185.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. KeyCorp increased their target price on Diamondback Energy from $186.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Truist Financial dropped their target price on Diamondback Energy from $250.00 to $248.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $195.00 target price on shares of Diamondback Energy in a research report on Monday, March 4th. Finally, UBS Group increased their target price on Diamondback Energy from $183.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $196.95.

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.