Aurora Investment Counsel purchased a new position in Diamondback Energy Inc (NASDAQ:FANG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,574 shares of the oil and natural gas company’s stock, valued at approximately $2,219,000.
A number of other hedge funds have also added to or reduced their stakes in FANG. Johnson Financial Group Inc. bought a new position in shares of Diamondback Energy in the 2nd quarter valued at about $102,000. Cubist Systematic Strategies LLC increased its holdings in Diamondback Energy by 46.7% during the second quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock valued at $195,000 after buying an additional 700 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Diamondback Energy during the third quarter valued at approximately $206,000. Commerce Bank purchased a new position in Diamondback Energy in the third quarter worth $208,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of Diamondback Energy during the second quarter valued at $215,000.
In other news, VP Russell Pantermuehl sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $109.55, for a total value of $438,200.00. Following the completion of the sale, the vice president now owns 64,214 shares of the company’s stock, valued at approximately $7,034,643.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael L. Hollis sold 2,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $102.44, for a total value of $204,880.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,400 shares of company stock worth $9,361,210. Corporate insiders own 0.41% of the company’s stock.
Diamondback Energy Inc (NASDAQ:FANG) traded down $0.20 during mid-day trading on Thursday, hitting $127.29. The company had a trading volume of 1,487,700 shares, compared to its average volume of 1,316,857. The firm has a market cap of $12,850.00, a price-to-earnings ratio of 30.82, a PEG ratio of 0.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45. Diamondback Energy Inc has a 1-year low of $82.77 and a 1-year high of $132.07.
Diamondback Energy (NASDAQ:FANG) last released its 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. The firm had revenue of $301.30 million during the quarter, compared to the consensus estimate of $296.53 million. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The company’s revenue was up 112.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.03) EPS. research analysts predict that Diamondback Energy Inc will post 5.07 EPS for the current fiscal year.
A number of analysts have recently commented on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $112.00 target price on shares of Diamondback Energy in a research note on Thursday, September 14th. Northland Securities reaffirmed a “buy” rating and set a $125.00 price objective on shares of Diamondback Energy in a research note on Tuesday, September 26th. Williams Capital reissued a “hold” rating and issued a $110.00 price target (up previously from $105.00) on shares of Diamondback Energy in a research note on Tuesday, October 3rd. US Capital Advisors restated a “buy” rating on shares of Diamondback Energy in a report on Monday, October 2nd. Finally, Stifel Nicolaus set a $129.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $125.42.
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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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