Capital Analysts LLC Boosts Position in Diamondback Energy, Inc. (FANG)
Capital Analysts LLC boosted its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 5.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,479 shares of the oil and natural gas company’s stock after purchasing an additional 469 shares during the period. Capital Analysts LLC’s holdings in Diamondback Energy were worth $929,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Diamondback Energy by 1.6% in the second quarter. FMR LLC now owns 11,609,146 shares of the oil and natural gas company’s stock worth $1,031,009,000 after acquiring an additional 185,890 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Diamondback Energy by 8.9% in the second quarter. Vanguard Group Inc. now owns 7,988,153 shares of the oil and natural gas company’s stock worth $709,428,000 after acquiring an additional 651,353 shares in the last quarter. Boston Partners grew its stake in shares of Diamondback Energy by 18.1% in the third quarter. Boston Partners now owns 7,874,429 shares of the oil and natural gas company’s stock worth $771,379,000 after acquiring an additional 1,208,864 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Diamondback Energy by 20.1% in the second quarter. JPMorgan Chase & Co. now owns 7,633,723 shares of the oil and natural gas company’s stock worth $677,951,000 after acquiring an additional 1,278,802 shares in the last quarter. Finally, Warburg Pincus LLC grew its stake in shares of Diamondback Energy by 132.4% in the second quarter. Warburg Pincus LLC now owns 6,532,915 shares of the oil and natural gas company’s stock worth $580,188,000 after acquiring an additional 3,721,519 shares in the last quarter.
Several research firms have commented on FANG. SunTrust Banks, Inc. restated a “buy” rating and issued a $130.00 price target on shares of Diamondback Energy in a research note on Friday. Stifel Nicolaus set a $129.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. Wells Fargo & Company restated an “outperform” rating and issued a $110.00 price target (down previously from $125.00) on shares of Diamondback Energy in a research note on Saturday, July 22nd. BMO Capital Markets set a $110.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Saturday, August 12th. Finally, BidaskClub downgraded shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $123.96.
In other news, insider Michael L. Hollis sold 2,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Hof Matthew Kaes Van’t sold 650 shares of the company’s stock in a transaction dated 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 directly owns 4,950 shares of the company’s stock, valued at $438,025.50. The disclosure for this sale can be found here. Insiders sold 14,805 shares of company stock valued at $1,449,381 over the last ninety days. Corporate insiders own 0.41% of the company’s stock.
Shares of Diamondback Energy, Inc. (NASDAQ FANG) traded up $0.83 during trading hours on Monday, hitting $111.86. 1,002,000 shares of the stock were exchanged, compared to its average volume of 1,380,791. Diamondback Energy, Inc. has a 1-year low of $82.77 and a 1-year high of $114.93. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $10,900.00, a PE ratio of 23.95, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10.
Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 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 8.76%. The business had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $296.53 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The business’s revenue was up 112.0% compared to the same quarter last year. equities research analysts forecast that Diamondback Energy, Inc. will post 5.01 earnings per share for the current fiscal 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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