Seelaus Asset Management LLC Grows Stock Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Seelaus Asset Management LLC grew its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 4.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,580 shares of the oil and natural gas company’s stock after purchasing an additional 110 shares during the quarter. Seelaus Asset Management LLC’s holdings in Diamondback Energy were worth $423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB grew its stake in Diamondback Energy by 37.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,105 shares of the oil and natural gas company’s stock valued at $181,000 after buying an additional 303 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Diamondback Energy by 12.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 50,002 shares of the oil and natural gas company’s stock valued at $8,192,000 after purchasing an additional 5,432 shares during the period. Apollon Wealth Management LLC raised its stake in shares of Diamondback Energy by 23.9% during the 4th quarter. Apollon Wealth Management LLC now owns 3,339 shares of the oil and natural gas company’s stock valued at $547,000 after purchasing an additional 644 shares during the period. Opinicus Capital Inc. bought a new position in Diamondback Energy in the 4th quarter worth about $262,000. Finally, EULAV Asset Management boosted its stake in Diamondback Energy by 11.8% in the 4th quarter. EULAV Asset Management now owns 57,000 shares of the oil and natural gas company’s stock worth $9,338,000 after purchasing an additional 6,000 shares during the period. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Down 1.2 %

Shares of NASDAQ:FANG opened at $158.13 on Friday. The stock has a market capitalization of $46.17 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The stock’s 50-day moving average price is $167.54 and its 200-day moving average price is $179.43. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 12-month low of $151.25 and a 12-month high of $214.50.

Diamondback Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.28%. Diamondback Energy’s payout ratio is 20.61%.

Insiders Place Their Bets

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total transaction of $208,150.00. Following the completion of the sale, the director now directly owns 4,712 shares in the company, valued at approximately $852,872. This represents a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

FANG has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $195.00 price target on shares of Diamondback Energy in a report on Tuesday, October 29th. Raymond James raised their price target on shares of Diamondback Energy from $237.00 to $256.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. KeyCorp decreased their price target on shares of Diamondback Energy from $225.00 to $216.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Royal Bank of Canada reissued an “outperform” rating and set a $210.00 price objective on shares of Diamondback Energy in a research note on Thursday, January 23rd. Finally, Mizuho decreased their target price on Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $215.00.

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.