Prospera Financial Services Inc Has $708,000 Stock Holdings in Diamondback Energy, Inc. $FANG

Prospera Financial Services Inc trimmed its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 68.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,147 shares of the oil and natural gas company’s stock after selling 11,263 shares during the quarter. Prospera Financial Services Inc’s holdings in Diamondback Energy were worth $708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True North Advisors LLC acquired a new stake in Diamondback Energy during the 1st quarter valued at $327,000. Nuveen LLC acquired a new position in shares of Diamondback Energy in the first quarter valued at $230,039,000. Woodmont Investment Counsel LLC raised its position in shares of Diamondback Energy by 1,123.0% in the second quarter. Woodmont Investment Counsel LLC now owns 43,515 shares of the oil and natural gas company’s stock valued at $5,979,000 after purchasing an additional 39,957 shares during the period. Vantage Investment Partners LLC raised its position in shares of Diamondback Energy by 4.4% in the second quarter. Vantage Investment Partners LLC now owns 83,184 shares of the oil and natural gas company’s stock valued at $11,429,000 after purchasing an additional 3,476 shares during the period. Finally, Swedbank AB lifted its stake in shares of Diamondback Energy by 3.9% during the 2nd quarter. Swedbank AB now owns 207,823 shares of the oil and natural gas company’s stock worth $28,555,000 after buying an additional 7,732 shares during the last quarter. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Down 1.2%

NASDAQ FANG opened at $144.38 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35. The company has a market cap of $41.37 billion, a price-to-earnings ratio of 10.03 and a beta of 0.99. The company has a 50 day moving average of $142.31 and a 200-day moving average of $141.97. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $186.07.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 3rd. The oil and natural gas company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.14. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.48 billion. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The company’s revenue was up 48.4% on a year-over-year basis. During the same quarter last year, the company earned $3.19 EPS. On average, equities research analysts expect that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 13th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, November 13th. Diamondback Energy’s payout ratio is 27.80%.

Analyst Ratings Changes

FANG has been the topic of a number of research reports. Morgan Stanley decreased their price target on shares of Diamondback Energy from $186.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. Roth Capital set a $162.00 price objective on Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, November 4th. Piper Sandler lowered their target price on Diamondback Energy from $228.00 to $222.00 and set an “overweight” rating on the stock in a research note on Thursday, August 14th. KeyCorp dropped their price target on Diamondback Energy from $180.00 to $176.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Finally, Raymond James Financial reduced 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. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $188.55.

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.