Insider Selling: Diamondback Energy, Inc. (NASDAQ:FANG) Insider Sells 1,000 Shares of Stock
Diamondback Energy, Inc. (NASDAQ:FANG) insider Michael L. Hollis sold 1,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Diamondback Energy, Inc. (NASDAQ FANG) traded up 1.33% on Monday, reaching $93.21. The company’s stock had a trading volume of 854,294 shares. The firm’s 50 day moving average is $88.97 and its 200-day moving average is $99.11. The firm has a market cap of $9.15 billion, a P/E ratio of 1983.19 and a beta of 1.06. Diamondback Energy, Inc. has a 12 month low of $82.77 and a 12 month high of $114.00.
Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Tuesday, May 2nd. The oil and natural gas company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.43. The firm had revenue of $235.23 million for the quarter, compared to analysts’ expectations of $218.62 million. Diamondback Energy had a net margin of 0.62% and a return on equity of 6.51%. On average, equities research analysts anticipate that Diamondback Energy, Inc. will post $4.33 EPS for the current year.
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Several equities analysts recently issued reports on FANG shares. Scotiabank restated a “buy” rating and set a $121.00 price target on shares of Diamondback Energy in a research note on Monday, March 27th. Barclays PLC restated an “equal weight” rating and set a $110.00 price target (down from $123.00) on shares of Diamondback Energy in a research note on Saturday, April 22nd. Zacks Investment Research lowered Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Monday, March 27th. Stifel Nicolaus started coverage on Diamondback Energy in a research note on Wednesday, April 12th. They set a “buy” rating and a $123.00 price target on the stock. Finally, Roth Capital set a $130.00 price target on Diamondback Energy and gave the company a “buy” rating in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $115.89.
Hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank boosted its stake in Diamondback Energy by 26.2% in the first quarter. Toronto Dominion Bank now owns 969 shares of the oil and natural gas company’s stock worth $100,000 after buying an additional 201 shares during the last quarter. Winch Advisory Services LLC bought a new stake in Diamondback Energy during the first quarter worth $105,000. State of Alaska Department of Revenue bought a new stake in Diamondback Energy during the first quarter worth $180,000. Stevens Capital Management LP bought a new stake in Diamondback Energy during the first quarter worth $201,000. Finally, Teza Capital Management LLC bought a new stake in Diamondback Energy during the first quarter worth $202,000. 98.30% of the stock is currently owned by hedge funds and other institutional investors.
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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