Advisor Group Inc. raised its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 149.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,066 shares of the oil and natural gas company’s stock after acquiring an additional 11,415 shares during the quarter. Advisor Group Inc.’s holdings in Diamondback Energy were worth $1,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FANG. American Century Companies Inc. lifted its stake in Diamondback Energy by 43.8% in the first quarter. American Century Companies Inc. now owns 15,840 shares of the oil and natural gas company’s stock valued at $1,643,000 after acquiring an additional 4,828 shares during the last quarter. World Asset Management Inc lifted its stake in Diamondback Energy by 25.1% in the first quarter. World Asset Management Inc now owns 3,459 shares of the oil and natural gas company’s stock valued at $359,000 after acquiring an additional 694 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Diamondback Energy in the first quarter valued at approximately $2,207,000. Ameriprise Financial Inc. lifted its stake in Diamondback Energy by 9.8% in the first quarter. Ameriprise Financial Inc. now owns 177,354 shares of the oil and natural gas company’s stock valued at $18,405,000 after acquiring an additional 15,798 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Diamondback Energy by 11.3% in the first quarter. Parametric Portfolio Associates LLC now owns 87,494 shares of the oil and natural gas company’s stock valued at $9,074,000 after acquiring an additional 8,916 shares during the last quarter.

FANG has been the subject of a number of analyst reports. BidaskClub upgraded shares of Diamondback Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Roth Capital lifted their target price on shares of 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 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, August 1st. Northland Securities set a $125.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Monday, July 17th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $151.00 price objective on shares of Diamondback Energy in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $120.36.

In other news, insider Michael L. Hollis sold 1,000 shares of Diamondback Energy stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Hof Matthew Kaes Van’t sold 650 shares of Diamondback Energy stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $88.49, for a total value of $57,518.50. Following the sale, the vice president now directly owns 4,950 shares of the company’s stock, valued at approximately $438,025.50. The disclosure for this sale can be found here. Insiders have sold a total of 10,805 shares of company stock valued at $1,029,501 in the last ninety days. Insiders own 0.41% of the company’s stock.

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Shares of Diamondback Energy, Inc. (FANG) opened at 96.88 on Thursday. The firm has a 50-day moving average of $91.17 and a 200 day moving average of $95.46. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 26.64 and a beta of 1.08. Diamondback Energy, Inc. has a one year low of $82.77 and a one year high of $114.00.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly 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 business had revenue of $267.40 million during the quarter, compared to the consensus estimate of $258.75 million. During the same quarter last year, the firm posted $0.26 EPS. The company’s quarterly revenue was up 137.7% on a year-over-year basis. Equities research analysts anticipate that Diamondback Energy, Inc. will post $4.93 EPS for the current year.

Diamondback Energy Company Profile

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.

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

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