World Investment Advisors Buys 9,477 Shares of Diamondback Energy, Inc. $FANG

World Investment Advisors boosted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 33.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,545 shares of the oil and natural gas company’s stock after acquiring an additional 9,477 shares during the quarter. World Investment Advisors’ holdings in Diamondback Energy were worth $5,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new stake in shares of Diamondback Energy during the 2nd quarter worth about $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in Diamondback Energy during the second quarter worth about $29,000. Estabrook Capital Management bought a new stake in Diamondback Energy during the second quarter worth about $41,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Diamondback Energy by 49.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 368 shares of the oil and natural gas company’s stock worth $51,000 after buying an additional 122 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Diamondback Energy in the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Buying and Selling

In other Diamondback Energy news, Director Charles Alvin Meloy sold 377,911 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $138.61, for a total transaction of $52,382,243.71. Following the completion of the sale, the director owned 1,044,864 shares in the company, valued at approximately $144,828,599.04. The trade was a 26.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Diamondback Energy Trading Down 0.5%

Shares of FANG opened at $147.47 on Friday. The stock’s fifty day simple moving average is $148.24 and its 200-day simple moving average is $144.92. The firm has a market capitalization of $42.23 billion, a PE ratio of 10.25 and a beta of 0.63. Diamondback Energy, Inc. has a 12-month low of $114.00 and a 12-month high of $180.91. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 0.35.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.14. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The company’s quarterly revenue was up 48.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.19 EPS. As a group, research analysts predict that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $4.00 dividend on an annualized basis and a yield of 2.7%. Diamondback Energy’s dividend payout ratio (DPR) is presently 27.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Royal Bank Of Canada restated an “outperform” rating and set a $173.00 target price on shares of Diamondback Energy in a report on Friday, October 10th. Barclays lowered their target price on Diamondback Energy from $185.00 to $178.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Piper Sandler reduced their price target on shares of Diamondback Energy from $222.00 to $219.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Finally, Wells Fargo & Company increased their price objective on shares of Diamondback Energy from $160.00 to $169.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Diamondback Energy currently has an average rating of “Buy” and a consensus target price of $188.76.

About Diamondback Energy

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.