Traders sold shares of Diamondback Energy Inc (NASDAQ:FANG) on strength during trading on Wednesday after an insider sold shares in the company. $28.27 million flowed into the stock on the tick-up and $57.37 million flowed out of the stock on the tick-down, for a money net flow of $29.10 million out of the stock. Of all companies tracked, Diamondback Energy had the 0th highest net out-flow for the day. Diamondback Energy traded up $2.00 for the day and closed at $105.18Specifically, insider Randall J. Holder sold 4,000 shares of Diamondback Energy stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $104.13, for a total value of $416,520.00. Following the completion of the transaction, the insider now directly owns 14,448 shares of the company’s stock, valued at $1,504,470.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael L. Hollis bought 5,313 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was purchased at an average cost of $95.12 per share, with a total value of $505,372.56. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 6,050 shares of company stock valued at $626,158. 0.57% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $148.00 target price on shares of Diamondback Energy in a report on Monday, March 11th. ValuEngine raised shares of Diamondback Energy from a “sell” rating to a “hold” rating in a report on Wednesday. Citigroup reaffirmed a “buy” rating and issued a $155.00 target price on shares of Diamondback Energy in a report on Tuesday, December 11th. Morgan Stanley lifted their target price on shares of Diamondback Energy from $147.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, February 21st. Finally, Williams Capital reaffirmed a “buy” rating and issued a $153.00 target price on shares of Diamondback Energy in a report on Wednesday, February 20th. Three investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Diamondback Energy currently has an average rating of “Buy” and a consensus target price of $159.86.

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 0.66 and a beta of 0.80.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Tuesday, February 19th. The oil and natural gas company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.41). The business had revenue of $633.06 million for the quarter, compared to the consensus estimate of $663.21 million. Diamondback Energy had a net margin of 38.84% and a return on equity of 7.83%. As a group, sell-side analysts predict that Diamondback Energy Inc will post 7.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 21st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Wednesday, February 20th. Diamondback Energy’s dividend payout ratio is presently 8.52%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in shares of Diamondback Energy by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 36,576 shares of the oil and natural gas company’s stock worth $3,391,000 after buying an additional 116 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of Diamondback Energy by 0.6% in the 4th quarter. Moody National Bank Trust Division now owns 22,628 shares of the oil and natural gas company’s stock worth $2,097,000 after buying an additional 125 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Diamondback Energy by 7.8% in the 4th quarter. GSA Capital Partners LLP now owns 2,205 shares of the oil and natural gas company’s stock worth $204,000 after buying an additional 159 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Diamondback Energy by 114.4% in the 4th quarter. Rehmann Capital Advisory Group now owns 401 shares of the oil and natural gas company’s stock worth $37,000 after buying an additional 214 shares in the last quarter. Finally, Goelzer Investment Management Inc. raised its stake in shares of Diamondback Energy by 1.2% in the 4th quarter. Goelzer Investment Management Inc. now owns 18,866 shares of the oil and natural gas company’s stock worth $1,749,000 after buying an additional 230 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

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Diamondback Energy Company Profile (NASDAQ:FANG)

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

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