Keybank National Association OH increased its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 6.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 199,265 shares of the oil and natural gas company’s stock after buying an additional 12,092 shares during the period. Keybank National Association OH owned about 0.20% of Diamondback Energy worth $17,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FANG. Winch Advisory Services LLC bought a new position in shares of Diamondback Energy during the first quarter valued at about $105,000. Great West Life Assurance Co. Can boosted its position in shares of Diamondback Energy by 6.4% in the first quarter. Great West Life Assurance Co. Can now owns 25,992 shares of the oil and natural gas company’s stock valued at $2,692,000 after buying an additional 1,574 shares during the last quarter. Private Capital Management Inc. bought a new position in shares of Diamondback Energy during the first quarter valued at about $337,000. Geneva Advisors LLC boosted its position in shares of Diamondback Energy by 3.5% in the first quarter. Geneva Advisors LLC now owns 11,100 shares of the oil and natural gas company’s stock valued at $1,151,000 after buying an additional 375 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Diamondback Energy by 3.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,093 shares of the oil and natural gas company’s stock valued at $1,358,000 after buying an additional 415 shares during the last quarter.

Diamondback Energy, Inc. (NASDAQ:FANG) traded down 1.14% on Tuesday, reaching $87.03. The company’s stock had a trading volume of 78,961 shares. The stock has a market cap of $8.54 billion, a PE ratio of 23.93 and a beta of 1.06. Diamondback Energy, Inc. has a 12-month low of $82.77 and a 12-month high of $114.00. The company’s 50 day moving average price is $91.46 and its 200-day moving average price is $97.04.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.44. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. The firm had revenue of $267.40 million for the quarter, compared to the consensus estimate of $258.75 million. During the same period in the prior year, the firm earned $0.26 EPS. The firm’s revenue was up 137.7% on a year-over-year basis. On average, equities analysts expect that Diamondback Energy, Inc. will post $4.93 EPS for the current year.

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Several brokerages recently issued reports on FANG. Scotiabank reaffirmed a “buy” rating and set a $121.00 target price on shares of Diamondback Energy in a research report on Thursday, May 4th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $141.00 target price on shares of Diamondback Energy in a research report on Thursday, May 25th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Diamondback Energy in a research report on Friday, May 26th. Williams Capital reaffirmed a “hold” rating and set a $120.00 target price on shares of Diamondback Energy in a research report on Wednesday, May 3rd. Finally, Roth Capital set a $130.00 target price on Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $117.32.

In related news, insider Michael L. Hollis sold 1,000 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by corporate insiders.

About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.

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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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