Public Employees Retirement Association of Colorado Buys 14,561 Shares of Diamondback Energy, Inc. (FANG)
Public Employees Retirement Association of Colorado lifted its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 79.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,948 shares of the oil and natural gas company’s stock after purchasing an additional 14,561 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Diamondback Energy were worth $3,228,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new stake in Diamondback Energy in the second quarter worth about $102,000. Cubist Systematic Strategies LLC lifted its holdings in Diamondback Energy by 46.7% in the second quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock worth $195,000 after buying an additional 700 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Diamondback Energy in the third quarter worth about $206,000. Sentry Investment Management LLC purchased a new stake in Diamondback Energy in the second quarter worth about $215,000. Finally, BB&T Securities LLC purchased a new stake in Diamondback Energy in the second quarter worth about $217,000.
In other news, VP Hof Matthew Kaes Van’t sold 650 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $88.49, for a total transaction of $57,518.50. Following the completion of the sale, the vice president now owns 4,950 shares of the company’s stock, valued at approximately $438,025.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Russell Pantermuehl sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $96.89, for a total transaction of $387,560.00. Following the sale, the vice president now directly owns 70,214 shares of the company’s stock, valued at approximately $6,803,034.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,805 shares of company stock valued at $1,449,381. Insiders own 0.41% of the company’s stock.
Several brokerages have commented on FANG. Mizuho restated a “buy” rating and issued a $114.00 price objective (up from $109.00) on shares of Diamondback Energy in a report on Thursday, August 3rd. Williams Capital set a $114.00 price objective on shares of Diamondback Energy and gave the stock a “hold” rating in a report on Wednesday, August 2nd. 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 report on Thursday, July 27th. Barclays PLC lifted their target price on shares of Diamondback Energy from $93.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Finally, BMO Capital Markets set a $110.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $122.65.
Shares of Diamondback Energy, Inc. (NASDAQ:FANG) opened at $111.80 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.68 and a quick ratio of 0.67. Diamondback Energy, Inc. has a 1 year low of $82.77 and a 1 year high of $114.93. The company has a market cap of $11,156.72, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 0.75 and a beta of 1.10.
Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.31. Diamondback Energy had a net margin of 39.69% and a return on equity of 9.12%. The firm had revenue of $301.30 million during the quarter, compared to the consensus estimate of $296.53 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was up 112.0% compared to the same quarter last year. equities analysts expect that Diamondback Energy, Inc. will post 5.08 earnings per share for the current year.
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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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