Diamondback Energy Inc (NASDAQ:FANG) VP Russell Pantermuehl sold 1,400 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $111.10, for a total value of $155,540.00. Following the completion of the sale, the vice president now directly owns 60,814 shares of the company’s stock, valued at approximately $6,756,435.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Russell Pantermuehl also recently made the following trade(s):

  • On Friday, December 1st, Russell Pantermuehl sold 2,000 shares of Diamondback Energy stock. The shares were sold at an average price of $111.45, for a total value of $222,900.00.
  • On Thursday, November 9th, Russell Pantermuehl sold 4,000 shares of Diamondback Energy stock. The shares were sold at an average price of $109.55, for a total value of $438,200.00.
  • On Wednesday, September 20th, Russell Pantermuehl sold 4,000 shares of Diamondback Energy stock. The shares were sold at an average price of $96.89, for a total value of $387,560.00.

Diamondback Energy Inc (NASDAQ:FANG) traded up $1.82 on Friday, reaching $110.77. The company had a trading volume of 715,063 shares, compared to its average volume of 841,488. Diamondback Energy Inc has a twelve month low of $82.77 and a twelve month high of $114.93. 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 $10,695.33, a PE ratio of 23.33, a PEG ratio of 0.79 and a beta of 1.09.

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

Several equities research analysts have recently commented on FANG shares. BidaskClub downgraded Diamondback Energy from a “hold” rating to a “sell” rating in a report on Friday, August 18th. BMO Capital Markets set a $110.00 price objective on Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, October 10th. Scotiabank reissued a “buy” rating and issued a $118.00 price objective on shares of Diamondback Energy in a report on Wednesday, November 22nd. Morgan Stanley increased their price objective on Diamondback Energy from $118.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Finally, Citigroup started coverage on Diamondback Energy in a report on Friday, December 1st. They issued a “buy” rating and a $130.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $126.88.

A number of hedge funds have recently bought and sold shares of FANG. Metropolitan Life Insurance Co. NY increased its position in Diamondback Energy by 15.6% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 3,468 shares of the oil and natural gas company’s stock worth $360,000 after buying an additional 467 shares during the period. Public Employees Retirement Association of Colorado increased its position in Diamondback Energy by 1.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,387 shares of the oil and natural gas company’s stock worth $1,633,000 after buying an additional 229 shares during the period. Janney Montgomery Scott LLC increased its position in Diamondback Energy by 33.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 7,740 shares of the oil and natural gas company’s stock worth $687,000 after buying an additional 1,949 shares during the period. Great West Life Assurance Co. Can increased its position in Diamondback Energy by 5.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 27,484 shares of the oil and natural gas company’s stock worth $2,439,000 after buying an additional 1,492 shares during the period. Finally, Bessemer Group Inc. bought a new position in Diamondback Energy during the 2nd quarter worth $1,533,000.

COPYRIGHT VIOLATION NOTICE: This story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/12/09/russell-pantermuehl-sells-1400-shares-of-diamondback-energy-inc-fang-stock.html.

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.

Insider Buying and Selling by Quarter for Diamondback Energy (NASDAQ:FANG)

Receive News & Stock Ratings for Diamondback Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy Inc and related stocks with our FREE daily email newsletter.