Travis D. Stice Sells 87,150 Shares of Diamondback Energy Inc (FANG) Stock

Diamondback Energy Inc (NASDAQ:FANG) CEO Travis D. Stice sold 87,150 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $125.20, for a total transaction of $10,911,180.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Diamondback Energy Inc (NASDAQ FANG) opened at $123.31 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.61 and a current ratio of 0.62. The firm has a market cap of $12,100.00, a PE ratio of 24.91, a price-to-earnings-growth ratio of 0.68 and a beta of 0.91. Diamondback Energy Inc has a 52 week low of $82.77 and a 52 week high of $134.52.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.16. The firm had revenue of $399.19 million for the quarter, compared to analysts’ expectations of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%. sell-side analysts predict that Diamondback Energy Inc will post 6.97 EPS for the current fiscal year.

A number of brokerages have recently commented on FANG. Piper Jaffray Companies reaffirmed a “buy” rating and set a $118.00 price objective on shares of Diamondback Energy in a research report on Friday, November 24th. Stephens reaffirmed a “buy” rating and set a $160.00 price objective on shares of Diamondback Energy in a research report on Tuesday, February 6th. SunTrust Banks reaffirmed a “buy” rating and set a $130.00 price objective on shares of Diamondback Energy in a research report on Friday, November 10th. Stifel Nicolaus set a $149.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, BidaskClub raised shares of Diamondback Energy from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Five investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $137.60.

A number of institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB grew its stake in Diamondback Energy by 17.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 9,617 shares of the oil and natural gas company’s stock worth $1,214,000 after buying an additional 1,452 shares during the last quarter. Ashburton Jersey Ltd grew its stake in Diamondback Energy by 20.6% during the fourth quarter. Ashburton Jersey Ltd now owns 22,276 shares of the oil and natural gas company’s stock worth $2,812,000 after buying an additional 3,800 shares during the last quarter. Delek Group Ltd. bought a new stake in Diamondback Energy during the fourth quarter worth about $6,303,000. William Blair Investment Management LLC grew its stake in Diamondback Energy by 24.8% during the fourth quarter. William Blair Investment Management LLC now owns 851,819 shares of the oil and natural gas company’s stock worth $107,542,000 after buying an additional 169,321 shares during the last quarter. Finally, BB&T Securities LLC grew its stake in Diamondback Energy by 479.0% during the fourth quarter. BB&T Securities LLC now owns 16,657 shares of the oil and natural gas company’s stock worth $2,103,000 after buying an additional 13,780 shares during the last quarter.

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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.

Insider Buying and Selling by Quarter for Diamondback Energy (NASDAQ:FANG)

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