Clarus Group Inc. Buys 156 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Clarus Group Inc. increased its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,685 shares of the oil and natural gas company’s stock after purchasing an additional 156 shares during the quarter. Clarus Group Inc.’s holdings in Diamondback Energy were worth $768,000 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 in the fourth quarter valued at about $29,000. UMB Bank n.a. lifted its position in shares of Diamondback Energy by 247.3% in 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 acquiring an additional 136 shares in the last quarter. Values First Advisors Inc. purchased a new position in shares of Diamondback Energy in the third quarter valued at about $42,000. CVA Family Office LLC lifted its position in shares of 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 valued at $51,000 after acquiring an additional 65 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Diamondback Energy in the third quarter valued at about $52,000. 90.01% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total transaction of $208,150.00. Following the transaction, the director now owns 4,712 shares of the company’s stock, valued at approximately $852,872. This represents a 19.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

FANG has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $195.00 price objective on shares of Diamondback Energy in a research report on Tuesday, October 29th. StockNews.com upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $210.00 target price on shares of Diamondback Energy in a research report on Thursday, January 23rd. 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 report on Monday, December 16th. Finally, KeyCorp decreased their target price on Diamondback Energy from $225.00 to $216.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $215.00.

Diamondback Energy Trading Up 2.2 %

FANG opened at $161.66 on Tuesday. The stock has a market cap of $47.20 billion, a price-to-earnings ratio of 9.25, a P/E/G 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 $179.16. Diamondback Energy, Inc. has a one year low of $152.00 and a one year high of $214.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45.

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 paid a dividend of $0.90 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.23%. Diamondback Energy’s dividend payout ratio is 20.61%.

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.