CENTRAL TRUST Co boosted its position in Diamondback Energy Inc (NASDAQ:FANG) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,312 shares of the oil and natural gas company’s stock after acquiring an additional 6,260 shares during the quarter. CENTRAL TRUST Co’s holdings in Diamondback Energy were worth $6,099,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position 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 during the period. Boston Partners raised its position in 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 valued at $771,379,000 after purchasing an additional 1,208,864 shares during the period. Warburg Pincus LLC raised its position 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 during the period. BlackRock Inc. raised its position 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 during the period. Finally, Capital World Investors raised its position in 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 valued at $223,490,000 after purchasing an additional 1,246,072 shares during the period.
Shares of Diamondback Energy Inc (FANG) opened at $122.83 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $12,050.00, a PE ratio of 24.66, a P/E/G ratio of 0.60 and a beta of 0.91. Diamondback Energy Inc has a fifty-two week low of $82.77 and a fifty-two week high of $134.52.
Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.16. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The firm had revenue of $399.19 million during the quarter, compared to analyst estimates of $370.74 million. equities analysts anticipate that Diamondback Energy Inc will post 5.07 EPS for the current year.
In other Diamondback Energy news, insider Michael L. Hollis sold 3,000 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $129.34, for a total value of $388,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Russell Pantermuehl sold 1,400 shares of Diamondback Energy stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $111.10, for a total value of $155,540.00. Following the completion of the transaction, the vice president now owns 60,814 shares of the company’s stock, valued at $6,756,435.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,400 shares of company stock valued at $8,337,200. 0.41% of the stock is currently owned by insiders.
Several research firms have commented on FANG. Northland Securities set a $140.00 price objective on Diamondback Energy and gave the company a “buy” rating in a research report on Wednesday. Williams Capital set a $137.00 price objective on Diamondback Energy and gave the company a “hold” rating in a research report on Wednesday. BidaskClub lowered Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Morgan Stanley dropped their target price on Diamondback Energy to $164.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. Finally, Stephens reaffirmed a “buy” rating and set a $160.00 target price on shares of Diamondback Energy in a research report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $136.70.
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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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