Eaton Vance Management lessened its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,637 shares of the oil and natural gas company’s stock after selling 2,077 shares during the quarter. Eaton Vance Management owned about 0.05% of Diamondback Energy worth $4,764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Diamondback Energy by 1.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,155 shares of the oil and natural gas company’s stock valued at $224,000 after acquiring an additional 40 shares during the period. American International Group Inc. lifted its stake in shares of Diamondback Energy by 5.8% during the first quarter. American International Group Inc. now owns 2,308 shares of the oil and natural gas company’s stock valued at $239,000 after acquiring an additional 126 shares during the period. AT Bancorp lifted its stake in shares of Diamondback Energy by 1.8% during the second quarter. AT Bancorp now owns 8,475 shares of the oil and natural gas company’s stock valued at $753,000 after acquiring an additional 151 shares during the period. Toronto Dominion Bank lifted its stake in shares of Diamondback Energy by 26.2% during the first quarter. Toronto Dominion Bank now owns 969 shares of the oil and natural gas company’s stock valued at $100,000 after acquiring an additional 201 shares during the period. Finally, Comerica Bank lifted its stake in shares of Diamondback Energy by 1.6% during the second quarter. Comerica Bank now owns 12,927 shares of the oil and natural gas company’s stock valued at $1,205,000 after acquiring an additional 201 shares during the period.

Several equities analysts have recently issued reports on FANG shares. BidaskClub raised Diamondback Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Roth Capital upped their price target on Diamondback Energy from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. BMO Capital Markets set a $100.00 price target on Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, August 1st. Northland Securities set a $125.00 price target on Diamondback Energy and gave the company a “buy” rating in a research note on Monday, July 17th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $151.00 price target on shares of Diamondback Energy in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company. Diamondback Energy presently has an average rating of “Buy” and a consensus target price of $115.87.

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Shares of Diamondback Energy, Inc. (NASDAQ FANG) opened at 93.97 on Friday. Diamondback Energy, Inc. has a one year low of $82.77 and a one year high of $114.00. The company has a market capitalization of $9.22 billion, a P/E ratio of 25.84 and a beta of 1.08. The firm has a 50 day moving average price of $91.26 and a 200 day moving average price of $95.70.

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

In other news, VP Hof Matthew Kaes Van’t sold 650 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $88.49, for a total value of $57,518.50. Following the transaction, the vice president now directly owns 4,950 shares of the company’s stock, valued at approximately $438,025.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael L. Hollis sold 1,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,805 shares of company stock worth $166,741 over the last three months. 0.41% of the stock is owned by company 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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