Diamondback Energy, Inc. $FANG Shares Acquired by EnCap Energy Capital Fund XI L.P.

EnCap Energy Capital Fund XI L.P. boosted its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,896,632 shares of the oil and natural gas company’s stock after purchasing an additional 107,369 shares during the quarter. Diamondback Energy comprises about 38.2% of EnCap Energy Capital Fund XI L.P.’s holdings, making the stock its largest position. EnCap Energy Capital Fund XI L.P.’s holdings in Diamondback Energy were worth $435,451,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. EnCap Energy Capital Fund XII L.P. acquired a new position in Diamondback Energy in the 4th quarter valued at about $169,342,000. Encompass Capital Advisors LLC acquired a new position in Diamondback Energy in the 4th quarter valued at about $112,198,000. Engineers Gate Manager LP acquired a new position in Diamondback Energy in the 4th quarter valued at about $3,177,000. Asset One Wealth Management LLC acquired a new position in Diamondback Energy in the 4th quarter valued at about $2,494,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Diamondback Energy by 3.1% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 6,178 shares of the oil and natural gas company’s stock valued at $928,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Stock Down 1.4%

FANG opened at $185.48 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The stock has a market capitalization of $52.18 billion, a price-to-earnings ratio of 215.68 and a beta of 0.42. The business has a 50-day moving average of $195.33 and a two-hundred day moving average of $176.39. Diamondback Energy, Inc. has a 12 month low of $134.30 and a 12 month high of $214.51.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, beating the consensus estimate of $3.74 by $0.49. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.54 EPS. On average, research analysts expect that Diamondback Energy, Inc. will post 19.92 earnings per share for the current year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $1.10 dividend. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.4%. Diamondback Energy’s dividend payout ratio (DPR) is presently 511.63%.

Insiders Place Their Bets

In other Diamondback Energy news, CAO Teresa L. Dick sold 7,000 shares of Diamondback Energy stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total value of $1,406,300.00. Following the completion of the sale, the chief accounting officer owned 85,755 shares in the company, valued at $17,228,179.50. The trade was a 7.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Lawrence Plaumann sold 500 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total value of $98,250.00. Following the sale, the director owned 13,437 shares of the company’s stock, valued at $2,640,370.50. The trade was a 3.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 121,548 shares of company stock worth $23,146,460 over the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FANG. Sanford C. Bernstein boosted their target price on shares of Diamondback Energy from $237.00 to $241.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. KeyCorp boosted their target price on shares of Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Susquehanna boosted their target price on shares of Diamondback Energy from $231.00 to $245.00 and gave the company a “positive” rating in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Diamondback Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Morgan Stanley boosted their target price on shares of Diamondback Energy from $224.00 to $229.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Four analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $223.63.

Diamondback Energy Company Profile

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.