Diamondback Energy, Inc. (NASDAQ:FANG) has announced a 20% increase in its quarterly dividend to $0.60 per share after reporting robust fourth-quarter results, including a revenue of $1.9 billion that surpassed market expectations. The company also reported an earnings per share of $2.94, beating forecasts, and plans to return 50% of its free cash flow to shareholders through dividends and buybacks. Amid rising oil prices and supply concerns, Scotiabank analyst Paul Cheng upgraded Diamondback's stock to 'Outperform,' raising the price target to $160.
“Diamondback Energy, Inc. (NASDAQ:FANG) · raised · quarterly dividend · $0.60 per share”
“Diamondback Energy, Inc. (NASDAQ:FANG) · beat · market estimates on oil production · in the fourth quarter of 2021”
“Diamondback Energy, Inc. (NASDAQ:FANG) · is · an independent oil and natural gas firm”
“Diamondback Energy, Inc. (NASDAQ:FANG) · declared · a quarterly dividend of $0.60 per share · 20% increase from the previous dividend”
“Diamondback Energy, Inc. (NASDAQ:FANG) · has been given · a boost · due to supply concerns lifting energy prices”
“Scotiabank analyst Paul Cheng · upgraded · Diamondback Energy, Inc. (NASDAQ:FANG) stock · to Outperform from Sector Perform”
“Harris Associates · is · a leading shareholder in Diamondback Energy, Inc. (NASDAQ:FANG) · with 3 million shares worth more than $327 million”
“45 hedge funds · held · stakes worth $572 million in Diamondback Energy, Inc. (NASDAQ:FANG) · at the end of the fourth quarter of 2021”
“Diamondback Energy, Inc. (NASDAQ:FANG) · returned · 14.4% in the quarter”
“Diamondback Energy, Inc. (NASDAQ:FANG) · reported · revenue of $1.9B · beating consensus of $1.5B”
“Diamondback Energy, Inc. (NASDAQ:FANG) · reported · EPS of $2.94 · beating expectations for $2.79”
“Diamondback Energy, Inc. (NASDAQ:FANG) · increased · total production guidance · to 370-372 mboe/d”
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