Diamondback Energy, Inc. (FANG) Shares Bought by Energy Opportunities Capital Management LLC
Energy Opportunities Capital Management LLC boosted its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,000 shares of the oil and natural gas company’s stock after acquiring an additional 170 shares during the period. Energy Opportunities Capital Management LLC’s holdings in Diamondback Energy were worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of FANG. Johnson Financial Group Inc. bought a new stake in Diamondback Energy in the 2nd quarter valued at $102,000. Cubist Systematic Strategies LLC raised its stake in Diamondback Energy by 46.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock valued at $195,000 after acquiring an additional 700 shares during the period. BB&T Securities LLC bought a new position in Diamondback Energy during the 2nd quarter worth $217,000. Cambridge Investment Research Advisors Inc. increased its position in Diamondback Energy by 1.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,155 shares of the oil and natural gas company’s stock worth $224,000 after buying an additional 40 shares during the period. Finally, American International Group Inc. increased its position in Diamondback Energy by 5.8% during the 1st quarter. American International Group Inc. now owns 2,308 shares of the oil and natural gas company’s stock worth $239,000 after buying an additional 126 shares during the period.
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Several research firms have weighed in on FANG. Scotiabank set a $95.00 price objective on Diamondback Energy and gave the stock a “buy” rating in a research report on Saturday, July 1st. BidaskClub cut Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. KeyCorp reiterated a “buy” rating and set a $113.00 price objective on shares of Diamondback Energy in a research report on Thursday. Bank of America Corporation began coverage on Diamondback Energy in a research report on Wednesday, July 19th. They set a “buy” rating and a $115.00 price objective on the stock. Finally, Mizuho reiterated a “buy” rating and set a $114.00 price objective (up previously from $109.00) on shares of Diamondback Energy in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the company. Diamondback Energy currently has a consensus rating of “Buy” and a consensus target price of $121.09.
Shares of Diamondback Energy, Inc. (NASDAQ:FANG) traded up 0.27% during mid-day trading on Friday, hitting $101.39. The stock had a trading volume of 241,126 shares. Diamondback Energy, Inc. has a 12 month low of $82.77 and a 12 month high of $114.00. The stock has a market cap of $9.95 billion, a P/E ratio of 27.88 and a beta of 1.08. The firm has a 50 day moving average price of $94.86 and a 200-day moving average price of $95.17.
Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, August 1st. The oil and natural gas company reported $1.40 EPS for the quarter, beating the consensus estimate of $0.96 by $0.44. The firm had revenue of $267.40 million for the quarter, compared to analyst estimates of $258.75 million. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. The company’s revenue was up 137.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 EPS. On average, equities research analysts forecast that Diamondback Energy, Inc. will post $4.96 EPS for the current year.
In related news, insider Michael L. Hollis sold 1,000 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Hof Matthew Kaes Van’t sold 650 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $88.49, for a total value of $57,518.50. Following the sale, the vice president now owns 4,950 shares of the company’s stock, valued at $438,025.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,805 shares of company stock worth $1,129,501 over the last quarter. Corporate insiders own 0.41% of the company’s stock.
Diamondback Energy 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.
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