Banco Bilbao Vizcaya Argentaria S.A. Sells 13,750 Shares of Diamondback Energy, Inc. $FANG

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 70.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,740 shares of the oil and natural gas company’s stock after selling 13,750 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Diamondback Energy were worth $787,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FANG. Kestra Private Wealth Services LLC grew its position in shares of Diamondback Energy by 32.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 12,202 shares of the oil and natural gas company’s stock worth $1,951,000 after buying an additional 3,004 shares in the last quarter. IFP Advisors Inc lifted its stake in Diamondback Energy by 84.5% in the first quarter. IFP Advisors Inc now owns 9,324 shares of the oil and natural gas company’s stock worth $1,491,000 after acquiring an additional 4,271 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Diamondback Energy by 2.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 43,121 shares of the oil and natural gas company’s stock worth $6,894,000 after acquiring an additional 1,222 shares during the period. Peterson Wealth Services grew its holdings in Diamondback Energy by 17.5% during the 1st quarter. Peterson Wealth Services now owns 25,262 shares of the oil and natural gas company’s stock worth $4,039,000 after acquiring an additional 3,755 shares in the last quarter. Finally, PFG Advisors increased its position in Diamondback Energy by 40.3% during the 1st quarter. PFG Advisors now owns 5,972 shares of the oil and natural gas company’s stock valued at $955,000 after purchasing an additional 1,715 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FANG has been the subject of several recent research reports. Raymond James Financial reduced their price target on shares of Diamondback Energy from $221.00 to $212.00 and set a “strong-buy” rating for the company in a report on Wednesday, August 20th. Barclays reduced their price objective on shares of Diamondback Energy from $185.00 to $178.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Wells Fargo & Company upped their target price on Diamondback Energy from $160.00 to $169.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group lifted their price target on Diamondback Energy from $171.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, William Blair began coverage on Diamondback Energy in a research report on Monday, August 25th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Diamondback Energy has an average rating of “Buy” and a consensus target price of $188.95.

Diamondback Energy Trading Down 1.9%

Diamondback Energy stock opened at $146.37 on Tuesday. The stock has a 50-day moving average of $142.70 and a two-hundred day moving average of $142.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 0.62. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $186.07. The stock has a market cap of $41.94 billion, a PE ratio of 10.17 and a beta of 0.99.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.14. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the previous year, the firm earned $3.19 earnings per share. The company’s revenue was up 48.4% on a year-over-year basis. On average, research analysts anticipate that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 13th. Diamondback Energy’s payout ratio is currently 27.80%.

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.