WINTON GROUP Ltd Takes Position in Diamondback Energy Inc (FANG)

WINTON GROUP Ltd purchased a new stake in Diamondback Energy Inc (NASDAQ:FANG) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 8,597 shares of the oil and natural gas company’s stock, valued at approximately $1,088,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Xact Kapitalforvaltning AB raised its holdings in Diamondback Energy by 5.2% in the first quarter. Xact Kapitalforvaltning AB now owns 10,121 shares of the oil and natural gas company’s stock valued at $1,281,000 after acquiring an additional 504 shares in the last quarter. Royal Bank of Canada raised its holdings in Diamondback Energy by 15.2% in the first quarter. Royal Bank of Canada now owns 293,793 shares of the oil and natural gas company’s stock valued at $37,171,000 after acquiring an additional 38,781 shares in the last quarter. Atlantic Trust Group LLC raised its holdings in Diamondback Energy by 2,457.5% in the first quarter. Atlantic Trust Group LLC now owns 170,328 shares of the oil and natural gas company’s stock valued at $21,550,000 after acquiring an additional 163,668 shares in the last quarter. Legal & General Group Plc raised its holdings in Diamondback Energy by 206.8% in the first quarter. Legal & General Group Plc now owns 401,479 shares of the oil and natural gas company’s stock valued at $50,795,000 after acquiring an additional 270,607 shares in the last quarter. Finally, Verition Fund Management LLC raised its holdings in Diamondback Energy by 268.6% in the first quarter. Verition Fund Management LLC now owns 12,596 shares of the oil and natural gas company’s stock valued at $1,594,000 after acquiring an additional 9,179 shares in the last quarter.

FANG has been the subject of several recent research reports. BidaskClub upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. Stifel Nicolaus set a $167.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Wednesday, March 28th. ValuEngine upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Jefferies Financial Group set a $162.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research note on Monday, March 19th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $141.00 target price on shares of Diamondback Energy in a research note on Friday, April 6th. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $143.56.

Diamondback Energy stock opened at $131.57 on Friday. The stock has a market cap of $12.90 billion, a PE ratio of 24.82, a PEG ratio of 0.73 and a beta of 0.74. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.53 and a quick ratio of 0.52. Diamondback Energy Inc has a one year low of $82.77 and a one year high of $138.14.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, May 8th. The oil and natural gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.59 by $0.05. The business had revenue of $480.20 million during the quarter, compared to analyst estimates of $445.78 million. Diamondback Energy had a net margin of 35.09% and a return on equity of 10.53%. The company’s quarterly revenue was up 104.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. equities research analysts predict that Diamondback Energy Inc will post 6.7 EPS for the current year.

In related news, VP Hof Matthew Kaes Van’t sold 832 shares of the stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $128.46, for a total value of $106,878.72. Following the completion of the transaction, the vice president now owns 6,897 shares in the company, valued at approximately $885,988.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael L. Hollis sold 3,000 shares of the stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $118.80, for a total transaction of $356,400.00. The disclosure for this sale can be found here. Insiders have sold 8,332 shares of company stock valued at $1,079,729 in the last 90 days. Insiders own 0.57% of the company’s stock.

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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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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