Diamondback Energy Inc (FANG) Position Raised by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC increased its holdings in shares of Diamondback Energy Inc (NASDAQ:FANG) by 28.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,954 shares of the oil and natural gas company’s stock after purchasing an additional 1,329 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Diamondback Energy were worth $552,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FANG. Legacy Financial Advisors Inc. purchased a new stake in Diamondback Energy during the fourth quarter worth approximately $30,000. Oregon Public Employees Retirement Fund lifted its stake in Diamondback Energy by 28,126.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,981,881 shares of the oil and natural gas company’s stock worth $32,000 after purchasing an additional 2,971,317 shares during the last quarter. Webster Bank N. A. purchased a new stake in Diamondback Energy during the fourth quarter worth approximately $36,000. Sun Life Financial INC purchased a new stake in Diamondback Energy during the fourth quarter worth approximately $38,000. Finally, Guardian Life Insurance Co. of America acquired a new position in Diamondback Energy during the fourth quarter worth approximately $40,000.

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Several research firms have commented on FANG. Morgan Stanley set a $147.00 price target on Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Wells Fargo & Co cut their price target on Diamondback Energy from $157.00 to $151.00 and set a “positive” rating on the stock in a research report on Thursday, December 20th. Williams Capital reaffirmed a “buy” rating and set a $153.00 price target on shares of Diamondback Energy in a research report on Wednesday, December 12th. Zacks Investment Research raised Diamondback Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Barclays began coverage on Diamondback Energy in a research report on Wednesday, January 16th. They set an “overweight” rating and a $189.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $158.74.

NASDAQ:FANG opened at $104.79 on Friday. The company has a market capitalization of $10.53 billion, a PE ratio of 17.85, a P/E/G ratio of 0.51 and a beta of 0.93. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. Diamondback Energy Inc has a 12-month low of $85.19 and a 12-month high of $140.78.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, February 19th. The oil and natural gas company reported $1.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.41). The company had revenue of $633.06 million during the quarter, compared to analyst estimates of $663.21 million. Diamondback Energy had a net margin of 38.84% and a return on equity of 10.45%. Equities analysts predict that Diamondback Energy Inc will post 7.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 21st were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Wednesday, February 20th. Diamondback Energy’s payout ratio is currently 8.52%.

In other news, VP Hof Matthew Kaes Van’t sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $89.91, for a total value of $89,910.00. Following the transaction, the vice president now owns 5,757 shares of the company’s stock, valued at $517,611.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.57% of the company’s stock.

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Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

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