Lido Advisors LLC purchased a new stake in shares of Diamondback Energy (NASDAQ:FANG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,019 shares of the oil and natural gas company’s stock, valued at approximately $381,000.
Several other hedge funds have also modified their holdings of the company. Captrust Financial Advisors bought a new stake in shares of Diamondback Energy in the 4th quarter valued at approximately $149,000. IFP Advisors Inc grew its position in Diamondback Energy by 42.6% during the 4th quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock worth $164,000 after acquiring an additional 389 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Diamondback Energy by 476.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the oil and natural gas company’s stock worth $178,000 after acquiring an additional 1,167 shares during the last quarter. KCS Wealth Advisory bought a new stake in Diamondback Energy during the 4th quarter worth approximately $202,000. Finally, Dearborn Partners LLC bought a new stake in Diamondback Energy during the 4th quarter worth approximately $208,000.
In other Diamondback Energy news, CFO Teresa L. Dick sold 2,500 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $130.97, for a total value of $327,425.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael L. Hollis sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $129.34, for a total transaction of $388,020.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,431 shares of company stock valued at $17,101,852. 0.41% of the stock is currently owned by insiders.
Shares of NASDAQ FANG traded down $7.79 during midday trading on Friday, reaching $116.62. 3,287,086 shares of the company were exchanged, compared to its average volume of 1,425,231. The stock has a market cap of $12,212.99, a PE ratio of 22.00, a PEG ratio of 0.70 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.61 and a current ratio of 0.62. Diamondback Energy has a one year low of $82.77 and a one year high of $134.60.
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 consensus estimate of $1.40 by $0.16. The firm had revenue of $399.19 million for the quarter, compared to analyst estimates 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 will post 6.86 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. BidaskClub raised Diamondback Energy from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Zacks Investment Research downgraded Diamondback Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Barclays reissued a “buy” rating and issued a $138.00 price target on shares of Diamondback Energy in a research note on Sunday, December 24th. Stephens reissued a “buy” rating and issued a $159.00 price target on shares of Diamondback Energy in a research note on Friday, February 16th. Finally, Northland Securities set a $120.00 target price on Diamondback Energy and gave the stock a “buy” rating in a report on Monday, December 11th. Four analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Diamondback Energy currently has a consensus rating of “Buy” and a consensus target price of $141.60.
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Diamondback Energy Company Profile
Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.
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