Global Wealth Management Investment Advisory Inc. Buys 951 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Global Wealth Management Investment Advisory Inc. grew its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,459 shares of the oil and natural gas company’s stock after acquiring an additional 951 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Diamondback Energy were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. R Squared Ltd bought a new position in Diamondback Energy in the 4th quarter worth approximately $29,000. UMB Bank n.a. increased its stake in shares of Diamondback Energy by 247.3% in the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 136 shares during the period. Values First Advisors Inc. bought a new stake in shares of Diamondback Energy during the third quarter worth $42,000. CVA Family Office LLC lifted its stake in shares of Diamondback Energy by 28.1% during 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 during the period. Finally, Ashton Thomas Securities LLC bought a new position in Diamondback Energy in the third quarter valued at about $52,000. 90.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Susquehanna lowered their target price on shares of Diamondback Energy from $237.00 to $233.00 and set a “positive” rating for the company in a report on Friday, October 18th. Wells Fargo & Company increased their price target on Diamondback Energy from $218.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Mizuho dropped their price objective on Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $210.00 target price on shares of Diamondback Energy in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.00.

Diamondback Energy Stock Down 1.2 %

Diamondback Energy stock opened at $158.13 on Monday. Diamondback Energy, Inc. has a fifty-two week low of $151.25 and a fifty-two week high of $214.50. The firm has a market capitalization of $46.17 billion, a PE ratio of 9.05, a P/E/G ratio of 1.24 and a beta of 1.86. The company’s 50-day moving average is $167.54 and its 200-day moving average is $179.30. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.90 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.28%. Diamondback Energy’s dividend payout ratio is 20.61%.

Insider Activity

In other news, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $181.00, for a total value of $208,150.00. Following the transaction, the director now directly owns 4,712 shares of the company’s stock, valued at $852,872. This represents a 19.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

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.