Dynasty Wealth Management LLC Decreases Stock Holdings in Diamondback Energy, Inc. $FANG

Dynasty Wealth Management LLC decreased its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 38.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,720 shares of the oil and natural gas company’s stock after selling 5,467 shares during the period. Dynasty Wealth Management LLC’s holdings in Diamondback Energy were worth $1,248,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Uhlmann Price Securities LLC boosted its stake in shares of Diamondback Energy by 1.3% in the 2nd quarter. Uhlmann Price Securities LLC now owns 5,090 shares of the oil and natural gas company’s stock worth $699,000 after buying an additional 67 shares during the last quarter. Viawealth LLC lifted its holdings in Diamondback Energy by 5.0% in the second quarter. Viawealth LLC now owns 1,753 shares of the oil and natural gas company’s stock valued at $241,000 after acquiring an additional 83 shares during the period. STF Management LP boosted its position in Diamondback Energy by 1.9% in the second quarter. STF Management LP now owns 4,490 shares of the oil and natural gas company’s stock worth $617,000 after purchasing an additional 84 shares during the last quarter. Lodestone Wealth Management LLC boosted its position in Diamondback Energy by 1.2% in the third quarter. Lodestone Wealth Management LLC now owns 7,219 shares of the oil and natural gas company’s stock worth $1,033,000 after purchasing an additional 84 shares during the last quarter. Finally, Fullcircle Wealth LLC grew its stake in shares of Diamondback Energy by 3.7% during the 2nd quarter. Fullcircle Wealth LLC now owns 2,385 shares of the oil and natural gas company’s stock valued at $352,000 after purchasing an additional 85 shares during the period. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Trading Down 1.7%

Shares of Diamondback Energy stock opened at $148.70 on Wednesday. The company has a market capitalization of $42.59 billion, a P/E ratio of 10.33 and a beta of 0.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 0.62. The company has a fifty day moving average of $150.51 and a 200 day moving average of $145.47. Diamondback Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $180.29.

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

Diamondback Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $4.00 dividend on an annualized basis and a yield of 2.7%. Diamondback Energy’s payout ratio is currently 27.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank set a $175.00 price objective on shares of Diamondback Energy in a research note on Friday. Wall Street Zen cut shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. UBS Group raised their target price on Diamondback Energy from $174.00 to $194.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Evercore ISI lifted their target price on Diamondback Energy from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, Morgan Stanley restated an “overweight” rating and issued a $183.00 price target on shares of Diamondback Energy in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.64.

Insiders Place Their Bets

In other Diamondback Energy news, Director Charles Alvin Meloy sold 377,911 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $138.61, for a total transaction of $52,382,243.71. Following the completion of the sale, the director directly owned 1,044,864 shares of the company’s stock, valued at $144,828,599.04. This trade represents a 26.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is owned by insiders.

Diamondback Energy Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.