Diamondback Energy, Inc. (FANG) Shares Bought by State of Wisconsin Investment Board

State of Wisconsin Investment Board increased its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 26.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,810 shares of the oil and natural gas company’s stock after buying an additional 44,378 shares during the quarter. State of Wisconsin Investment Board owned 0.22% of Diamondback Energy worth $20,945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. FMR LLC grew its stake in 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 valued at $1,031,009,000 after purchasing an additional 185,890 shares in the last quarter. Vanguard Group Inc. grew its stake in 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 valued at $709,428,000 after purchasing an additional 651,353 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 valued at $677,951,000 after purchasing an additional 1,278,802 shares in the last quarter. Warburg Pincus LLC grew its stake in 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 valued at $580,188,000 after purchasing an additional 3,721,519 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Diamondback Energy by 4.9% in the second quarter. BlackRock Inc. now owns 4,936,470 shares of the oil and natural gas company’s stock valued at $438,409,000 after purchasing an additional 229,276 shares in the last quarter.

FANG has been the topic of a number of recent research reports. BidaskClub downgraded Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Roth Capital boosted their target price on Diamondback Energy from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. BMO Capital Markets set a $100.00 target price on Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, August 1st. Northland Securities set a $125.00 target price on Diamondback Energy and gave the company a “buy” rating in a research note on Monday, July 17th. Finally, Morgan Stanley boosted their target price on Diamondback Energy from $118.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. One equities research 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’s stock. Diamondback Energy currently has an average rating of “Buy” and a consensus target price of $123.96.

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Diamondback Energy, Inc. (NASDAQ FANG) opened at $111.86 on Friday. Diamondback Energy, Inc. has a 12 month low of $82.77 and a 12 month high of $114.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.46. The stock has a market capitalization of $10,980.96, a PE ratio of 23.95, a P/E/G ratio of 0.82 and a beta of 1.10.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.31. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The firm had revenue of $301.30 million for the quarter, compared to analyst estimates of $296.53 million. During the same period in the previous year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 112.0% compared to the same quarter last year. equities analysts anticipate that Diamondback Energy, Inc. will post 5.01 EPS for the current fiscal year.

In related news, VP Paul Molnar sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $95.04, for a total transaction of $475,200.00. Following the transaction, the vice president now directly owns 42,563 shares in the company, valued at $4,045,187.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Hof Matthew Kaes Van’t sold 650 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $88.49, for a total value of $57,518.50. Following the transaction, the vice president now owns 4,950 shares in the company, valued at $438,025.50. The disclosure for this sale can be found here. Insiders have sold 14,805 shares of company stock worth $1,449,381 over the last 90 days. Corporate insiders own 0.41% of the company’s stock.

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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