Signature Estate & Investment Advisors LLC raised its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 19.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,171 shares of the oil and natural gas company’s stock after purchasing an additional 1,019 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Diamondback Energy were worth $605,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in FANG. Warburg Pincus LLC boosted its holdings in shares of Diamondback Energy by 132.4% in the 2nd quarter. Warburg Pincus LLC now owns 6,532,915 shares of the oil and natural gas company’s stock valued at $580,188,000 after purchasing an additional 3,721,519 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Diamondback Energy by 964.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,847,919 shares of the oil and natural gas company’s stock valued at $164,114,000 after acquiring an additional 1,674,336 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Diamondback Energy by 20.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,633,723 shares of the oil and natural gas company’s stock valued at $677,951,000 after acquiring an additional 1,278,802 shares in the last quarter. Capital World Investors lifted its holdings in shares of Diamondback Energy by 98.1% during the 2nd quarter. Capital World Investors now owns 2,516,497 shares of the oil and natural gas company’s stock valued at $223,490,000 after acquiring an additional 1,246,072 shares in the last quarter. Finally, Boston Partners increased its stake in Diamondback Energy by 18.1% during the 3rd quarter. Boston Partners now owns 7,874,429 shares of the oil and natural gas company’s stock worth $771,379,000 after buying an additional 1,208,864 shares during the period.
In other Diamondback Energy news, VP Paul Molnar sold 5,000 shares of Diamondback Energy stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $95.04, for a total transaction of $475,200.00. Following the completion of the transaction, the vice president now directly owns 42,563 shares of the company’s stock, valued at $4,045,187.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Russell Pantermuehl sold 4,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $96.89, for a total transaction of $387,560.00. Following the completion of 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. Insiders sold 18,805 shares of company stock worth $1,887,581 over the last quarter. 0.41% of the stock is owned by corporate insiders.
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FANG has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. US Capital Advisors reissued a “buy” rating on shares of Diamondback Energy in a research report on Monday, October 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $112.00 target price on shares of Diamondback Energy in a research report on Thursday, September 14th. BidaskClub raised shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Bank of America Corporation initiated coverage on shares of Diamondback Energy in a research report on Wednesday, July 19th. They set a “buy” rating and a $115.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $123.96.
Shares of Diamondback Energy, Inc. (NASDAQ FANG) traded down $0.89 during midday trading on Tuesday, hitting $110.97. 1,041,400 shares of the stock traded hands, compared to its average volume of 1,379,242. The company has a market cap of $10,980.99, a price-to-earnings ratio of 23.95, a PEG ratio of 0.82 and a beta of 1.10. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.22. Diamondback Energy, Inc. has a one year low of $82.77 and a one year high of $114.93.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.31. The business had revenue of $301.30 million for the quarter, compared to analyst estimates of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. Diamondback Energy’s quarterly revenue was up 112.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) EPS. equities research analysts expect that Diamondback Energy, Inc. will post 5.01 EPS for the current year.
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.
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