Consilium Wealth Advisory LLC Sells 316 Shares of Diamondback Energy, Inc. $FANG

Consilium Wealth Advisory LLC lowered its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 7.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,933 shares of the oil and natural gas company’s stock after selling 316 shares during the quarter. Consilium Wealth Advisory LLC’s holdings in Diamondback Energy were worth $540,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FANG. Nuveen LLC bought a new position in Diamondback Energy in the 1st quarter valued at $230,039,000. Adage Capital Partners GP L.L.C. bought a new position in Diamondback Energy in the 1st quarter valued at $77,622,000. Wellington Management Group LLP grew its stake in Diamondback Energy by 27.3% in the 1st quarter. Wellington Management Group LLP now owns 1,950,160 shares of the oil and natural gas company’s stock valued at $311,792,000 after purchasing an additional 418,431 shares during the period. Victory Capital Management Inc. grew its stake in Diamondback Energy by 50.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,135,759 shares of the oil and natural gas company’s stock valued at $181,585,000 after purchasing an additional 381,542 shares during the period. Finally, Boston Partners grew its stake in Diamondback Energy by 4.8% in the 1st quarter. Boston Partners now owns 5,418,840 shares of the oil and natural gas company’s stock valued at $861,961,000 after purchasing an additional 249,098 shares during the period. Institutional investors own 90.01% of the company’s stock.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Chairman Travis D. Stice sold 20,400 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $142.80, for a total value of $2,913,120.00. Following the sale, the chairman owned 102,145 shares of the company’s stock, valued at $14,586,306. This trade represents a 16.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. William Blair assumed coverage on Diamondback Energy in a research note on Monday, August 25th. They issued an “outperform” rating for the company. Piper Sandler cut their price target on Diamondback Energy from $228.00 to $222.00 and set an “overweight” rating for the company in a research note on Thursday, August 14th. Raymond James Financial cut their price target on Diamondback Energy from $221.00 to $212.00 and set a “strong-buy” rating for the company in a research note on Wednesday, August 20th. Mizuho cut their price target on Diamondback Energy from $183.00 to $176.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Finally, Susquehanna cut their price target on Diamondback Energy from $192.00 to $188.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Diamondback Energy presently has a consensus rating of “Buy” and a consensus price target of $192.41.

Diamondback Energy Stock Performance

NASDAQ:FANG opened at $147.47 on Friday. The business’s 50-day moving average price is $142.86 and its two-hundred day moving average price is $141.64. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $200.47. The stock has a market cap of $42.69 billion, a P/E ratio of 10.48 and a beta of 1.04. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.35.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, August 4th. The oil and natural gas company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.05). Diamondback Energy had a net margin of 27.25% and a return on equity of 9.48%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the previous year, the business earned $4.52 EPS. The business’s revenue was up 48.1% on a year-over-year basis. As a group, equities analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $4.00 annualized dividend and a dividend yield of 2.7%. Diamondback Energy’s dividend payout ratio (DPR) is presently 28.43%.

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.