Hof Matthew Kaes Van’t Sells 155 Shares of Diamondback Energy, Inc. (FANG) Stock
Diamondback Energy, Inc. (NASDAQ:FANG) VP Hof Matthew Kaes Van’t sold 155 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $91.76, for a total value of $14,222.80. Following the completion of the transaction, the vice president now owns 4,795 shares of the company’s stock, valued at approximately $439,989.20. The sale was disclosed in a document filed with the SEC, which is available at this link.
Hof Matthew Kaes Van’t also recently made the following trade(s):
- On Wednesday, August 30th, Hof Matthew Kaes Van’t sold 650 shares of Diamondback Energy stock. The shares were sold at an average price of $88.49, for a total value of $57,518.50.
Diamondback Energy, Inc. (FANG) traded down 1.12% during mid-day trading on Thursday, hitting $91.62. The stock had a trading volume of 779,398 shares. The stock has a 50 day moving average of $91.79 and a 200-day moving average of $96.14. The firm has a market cap of $8.99 billion, a P/E ratio of 25.19 and a beta of 1.08. Diamondback Energy, Inc. has a 1-year low of $82.77 and a 1-year high of $114.00.
Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, August 1st. The oil and natural gas company reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.44. The firm had revenue of $267.40 million for the quarter, compared to analyst estimates of $258.75 million. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. The business’s quarterly revenue was up 137.7% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. Analysts predict that Diamondback Energy, Inc. will post $4.93 EPS for the current fiscal year.
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A number of research analysts recently issued reports on FANG shares. Zacks Investment Research lowered Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub upgraded Diamondback Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Credit Suisse Group restated an “outperform” rating and set a $151.00 price objective on shares of Diamondback Energy in a research report on Friday, June 2nd. BMO Capital Markets restated a “buy” rating and set a $100.00 price objective on shares of Diamondback Energy in a research report on Tuesday, June 27th. Finally, Williams Capital set a $114.00 price objective on Diamondback Energy and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $117.13.
Several hedge funds have recently bought and sold shares of FANG. Toronto Dominion Bank lifted its stake in shares of Diamondback Energy by 26.2% in the 1st quarter. Toronto Dominion Bank now owns 969 shares of the oil and natural gas company’s stock valued at $100,000 after purchasing an additional 201 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Diamondback Energy in the 2nd quarter valued at $102,000. State of Alaska Department of Revenue acquired a new position in shares of Diamondback Energy in the 1st quarter valued at $180,000. Cubist Systematic Strategies LLC lifted its stake in shares of Diamondback Energy by 46.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock valued at $195,000 after purchasing an additional 700 shares during the period. Finally, Stevens Capital Management LP acquired a new position in shares of Diamondback Energy in the 1st quarter valued at $201,000.
About Diamondback Energy
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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