Venturi Wealth Management LLC Sells 214 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Venturi Wealth Management LLC decreased its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 30.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 491 shares of the oil and natural gas company’s stock after selling 214 shares during the period. Venturi Wealth Management LLC’s holdings in Diamondback Energy were worth $80,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FANG. International Assets Investment Management LLC lifted its holdings in shares of Diamondback Energy by 17,151.2% in the 3rd quarter. International Assets Investment Management LLC now owns 340,021 shares of the oil and natural gas company’s stock valued at $58,620,000 after acquiring an additional 338,050 shares during the last quarter. Dakota Wealth Management lifted its stake in Diamondback Energy by 13.5% in the third quarter. Dakota Wealth Management now owns 2,149 shares of the oil and natural gas company’s stock worth $370,000 after purchasing an additional 256 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Diamondback Energy by 6.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,453 shares of the oil and natural gas company’s stock worth $12,364,000 after acquiring an additional 4,663 shares during the period. Arkadios Wealth Advisors increased its position in shares of Diamondback Energy by 2.7% during the third quarter. Arkadios Wealth Advisors now owns 5,873 shares of the oil and natural gas company’s stock worth $1,012,000 after acquiring an additional 157 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its position in shares of Diamondback Energy by 6.0% during the third quarter. NorthCrest Asset Manangement LLC now owns 1,650 shares of the oil and natural gas company’s stock worth $284,000 after acquiring an additional 94 shares during the period. Institutional investors own 90.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FANG. Benchmark reaffirmed a “buy” rating and set a $195.00 target price on shares of Diamondback Energy in a research report on Tuesday, October 29th. Wells Fargo & Company raised their target price on shares of Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Royal Bank of Canada reissued an “outperform” rating and set a $210.00 price objective on shares of Diamondback Energy in a report on Thursday, January 23rd. The Goldman Sachs Group started coverage on shares of Diamondback Energy in a report on Monday, December 2nd. They set a “buy” rating and a $227.00 price objective on the stock. Finally, Raymond James lifted their price objective 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. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Diamondback Energy presently has an average rating of “Moderate Buy” and a consensus price target of $216.22.

Diamondback Energy Trading Down 0.6 %

NASDAQ FANG opened at $155.23 on Tuesday. The company has a market capitalization of $45.33 billion, a PE ratio of 8.89, a P/E/G ratio of 1.24 and a beta of 1.86. The company has a fifty day moving average of $165.52 and a 200 day moving average of $176.27. Diamondback Energy, Inc. has a 1 year low of $152.00 and a 1 year high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, February 24th. The oil and natural gas company reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.07. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. Research analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be given a dividend of $1.00 per share. This is an increase from Diamondback Energy’s previous quarterly dividend of $0.90. This represents a $4.00 dividend on an annualized basis and a yield of 2.58%. Diamondback Energy’s payout ratio is currently 20.61%.

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.