Mayfair Advisory Group LLC Has $339,000 Stock Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Mayfair Advisory Group LLC lifted its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,072 shares of the oil and natural gas company’s stock after purchasing an additional 204 shares during the period. Mayfair Advisory Group LLC’s holdings in Diamondback Energy were worth $339,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Rosenberg Matthew Hamilton raised its holdings in Diamondback Energy by 15.7% during the fourth quarter. Rosenberg Matthew Hamilton now owns 746 shares of the oil and natural gas company’s stock valued at $122,000 after buying an additional 101 shares in the last quarter. Signal Advisors Wealth LLC raised its stake in shares of Diamondback Energy by 78.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 16,839 shares of the oil and natural gas company’s stock valued at $2,759,000 after acquiring an additional 7,412 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in Diamondback Energy by 1.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 12,576 shares of the oil and natural gas company’s stock worth $2,060,000 after purchasing an additional 208 shares during the last quarter. Fulcrum Capital LLC boosted its position in Diamondback Energy by 1.2% during the fourth quarter. Fulcrum Capital LLC now owns 28,558 shares of the oil and natural gas company’s stock worth $4,679,000 after purchasing an additional 332 shares during the period. Finally, Moody National Bank Trust Division grew its holdings in Diamondback Energy by 50.6% during the fourth quarter. Moody National Bank Trust Division now owns 30,120 shares of the oil and natural gas company’s stock valued at $4,935,000 after purchasing an additional 10,120 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total transaction of $208,150.00. Following the sale, the director now directly owns 4,712 shares of the company’s stock, valued at $852,872. This represents a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by corporate insiders.

Diamondback Energy Trading Up 0.0 %

Shares of FANG stock opened at $177.68 on Wednesday. The company has a market capitalization of $51.88 billion, a P/E ratio of 10.17, a P/E/G ratio of 1.19 and a beta of 1.88. Diamondback Energy, Inc. has a 12-month low of $147.93 and a 12-month high of $214.50. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $170.76 and a 200 day moving average price of $183.46.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.62 by ($1.24). The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.43 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $5.49 EPS. Research analysts forecast that Diamondback Energy, Inc. will post 16.51 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Thursday, November 14th. Diamondback Energy’s payout ratio is presently 20.61%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FANG. Evercore ISI reduced their price objective on shares of Diamondback Energy from $235.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. The Goldman Sachs Group began coverage on shares of Diamondback Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $227.00 target price for the company. UBS Group lowered their price target on Diamondback Energy from $235.00 to $212.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. Truist Financial boosted their price objective on Diamondback Energy from $230.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $210.00 target price on shares of Diamondback Energy in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $210.08.

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.