Adams Street Partners LLC bought a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,272 shares of the oil and natural gas company’s stock, valued at approximately $418,000. Diamondback Energy comprises about 0.1% of Adams Street Partners LLC’s holdings, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Precocity Capital LP bought a new stake in shares of Diamondback Energy during the third quarter worth $18,123,000. Schwab Charles Investment Management Inc. grew its stake in shares of Diamondback Energy by 4.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 302,038 shares of the oil and natural gas company’s stock worth $29,588,000 after buying an additional 13,139 shares during the last quarter. Barings LLC grew its stake in shares of Diamondback Energy by 94.9% during the third quarter. Barings LLC now owns 9,357 shares of the oil and natural gas company’s stock worth $917,000 after buying an additional 4,557 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Diamondback Energy during the third quarter worth $529,000. Finally, Cadence Capital Management LLC bought a new stake in shares of Diamondback Energy during the third quarter worth $363,000.

In other Diamondback Energy news, insider Michael L. Hollis sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $100.00, for a total transaction of $100,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Teresa L. Dick sold 5,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $111.79, for a total transaction of $558,950.00. Following the sale, the chief financial officer now directly owns 31,760 shares in the company, valued at approximately $3,550,450.40. The disclosure for this sale can be found here. Insiders have sold 23,155 shares of company stock worth $2,389,013 in the last ninety days. Insiders own 0.41% of the company’s stock.

FANG has been the topic of a number of research reports. Jefferies Group initiated coverage on shares of Diamondback Energy in a research note on Monday, October 9th. They set a “buy” rating and a $124.00 target price on the stock. Stifel Nicolaus set a $129.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. US Capital Advisors reaffirmed a “buy” rating on shares of Diamondback Energy in a research note on Monday, October 2nd. Northland Securities reaffirmed a “buy” rating and set a $125.00 target price on shares of Diamondback Energy in a research note on Tuesday, September 26th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 target price on shares of Diamondback Energy in a research note on Thursday, September 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $126.75.

Shares of Diamondback Energy, Inc. (NASDAQ FANG) opened at $108.15 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.22. The company has a market cap of $10,624.65, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10. Diamondback Energy, Inc. has a 1 year low of $82.77 and a 1 year high of $114.93.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.31. The business had revenue of $301.30 million for the quarter, compared to analysts’ expectations of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The business’s quarterly revenue was up 112.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. equities research analysts expect that Diamondback Energy, Inc. will post 5.02 EPS for the current fiscal year.

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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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