Kingsview Wealth Management LLC Buys 5,432 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Kingsview Wealth Management LLC lifted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 12.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,002 shares of the oil and natural gas company’s stock after buying an additional 5,432 shares during the period. Kingsview Wealth Management LLC’s holdings in Diamondback Energy were worth $8,192,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. R Squared Ltd purchased a new position in shares of Diamondback Energy during the 4th quarter worth approximately $29,000. UMB Bank n.a. boosted its position in shares of Diamondback Energy by 247.3% during the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 136 shares in the last quarter. Values First Advisors Inc. purchased a new stake in Diamondback Energy in the third quarter worth $42,000. CVA Family Office LLC raised its holdings in Diamondback Energy by 28.1% in the third quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company’s stock worth $51,000 after purchasing an additional 65 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Diamondback Energy during the third quarter valued at $52,000. 90.01% of the stock is owned by institutional investors.

Diamondback Energy Stock Down 1.2 %

Diamondback Energy stock opened at $158.13 on Friday. Diamondback Energy, Inc. has a one year low of $151.25 and a one year high of $214.50. The stock has a fifty day moving average of $167.54 and a 200 day moving average of $179.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. The stock has a market cap of $46.17 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86.

Diamondback Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Thursday, November 14th. Diamondback Energy’s dividend payout ratio (DPR) is presently 20.61%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FANG. Wells Fargo & Company increased their price target on shares of Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Mizuho decreased their target price on shares of Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Raymond James boosted their price target on Diamondback Energy from $237.00 to $256.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Citigroup began coverage on Diamondback Energy in a research report on Monday, October 14th. They set a “neutral” rating and a $195.00 price objective for the company. Finally, KeyCorp dropped their target price on Diamondback Energy from $225.00 to $216.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Diamondback Energy has a consensus rating of “Moderate Buy” and an average price target of $215.00.

About Diamondback Energy

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.