Diamondback Energy, Inc. (NASDAQ:FANG) insider Michael L. Hollis sold 1,000 shares of Diamondback Energy stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $100.00, for a total transaction of $100,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Diamondback Energy, Inc. (NASDAQ:FANG) traded up 0.67% on Wednesday, hitting $100.75. The stock had a trading volume of 1,365,222 shares. The firm has a market cap of $9.89 billion, a P/E ratio of 27.70 and a beta of 1.08. The firm’s 50-day moving average price is $92.28 and its 200-day moving average price is $95.13. Diamondback Energy, Inc. has a 1-year low of $82.77 and a 1-year high of $114.00.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.44. The company had revenue of $267.40 million for the quarter, compared to the consensus estimate of $258.75 million. Diamondback Energy had a net margin of 38.24% and a return on equity of 8.09%. The company’s revenue was up 137.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. On average, equities research analysts predict that Diamondback Energy, Inc. will post $4.91 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in the business. Johnson Financial Group Inc. acquired a new stake in shares of Diamondback Energy during the second quarter worth $102,000. Cubist Systematic Strategies LLC lifted its stake in Diamondback Energy by 46.7% in the second quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock valued at $195,000 after buying an additional 700 shares during the period. Sentry Investment Management LLC acquired a new position in Diamondback Energy in the second quarter valued at about $215,000. BB&T Securities LLC acquired a new position in Diamondback Energy in the second quarter valued at about $217,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Diamondback Energy by 1.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,155 shares of the oil and natural gas company’s stock worth $224,000 after buying an additional 40 shares during the last quarter.

Several research firms have weighed in on FANG. Zacks Investment Research lowered Diamondback Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub raised shares of Diamondback Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. BMO Capital Markets reaffirmed a “buy” rating and issued a $100.00 price target on shares of Diamondback Energy in a report on Tuesday, June 27th. KeyCorp reissued a “buy” rating and set a $113.00 price target on shares of Diamondback Energy in a research report on Wednesday, September 6th. Finally, Northland Securities reissued a “buy” rating and issued a $125.00 price target on shares of Diamondback Energy in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $120.18.

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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