TD Asset Management Inc. boosted its position in shares of Diamondback Energy Inc (NASDAQ:FANG) by 41.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,687 shares of the oil and natural gas company’s stock after acquiring an additional 11,669 shares during the period. TD Asset Management Inc.’s holdings in Diamondback Energy were worth $3,888,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of FANG. Warburg Pincus LLC lifted its position in Diamondback Energy by 132.4% during 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 acquiring an additional 3,721,519 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of Diamondback Energy by 964.6% in the second quarter. Artisan Partners Limited Partnership now owns 1,847,919 shares of the oil and natural gas company’s stock worth $164,114,000 after buying an additional 1,674,336 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 worth $677,951,000 after buying an additional 1,278,802 shares during the last quarter. Capital World Investors raised its holdings in shares of Diamondback Energy by 98.1% in the second quarter. Capital World Investors now owns 2,516,497 shares of the oil and natural gas company’s stock worth $223,490,000 after buying an additional 1,246,072 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Diamondback Energy by 18.1% in the third 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 last quarter.
Diamondback Energy Inc (NASDAQ:FANG) opened at $108.95 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46. Diamondback Energy Inc has a 52-week low of $82.77 and a 52-week high of $114.93. The firm has a market cap of $10,690.00, a PE ratio of 23.35, a P/E/G ratio of 0.79 and a beta of 1.09.
Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.31. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The company had revenue of $301.30 million for the quarter, compared to the consensus estimate of $296.53 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. Diamondback Energy’s quarterly revenue was up 112.0% compared to the same quarter last year. analysts anticipate that Diamondback Energy Inc will post 5.02 EPS for the current fiscal year.
FANG has been the subject of several recent research reports. BMO Capital Markets set a $110.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Saturday, August 12th. BidaskClub cut shares of Diamondback Energy from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Northland Securities set a $125.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Monday, August 21st. KeyCorp reissued a “buy” rating and set a $113.00 target price on shares of Diamondback Energy in a report on Wednesday, September 6th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $112.00 target price on shares of Diamondback Energy in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $126.88.
In other news, VP Russell Pantermuehl sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $111.45, for a total value of $222,900.00. Following the sale, the vice president now directly owns 63,314 shares of the company’s stock, valued at approximately $7,056,345.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul Molnar sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 42,563 shares in the company, valued at $4,045,187.52. The disclosure for this sale can be found here. Insiders have sold 26,400 shares of company stock worth $2,753,230 over the last ninety days. 0.41% of the stock is owned by insiders.
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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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