Diamondback Energy Inc (NASDAQ:FANG) VP Russell Pantermuehl sold 1,400 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $111.10, for a total transaction of $155,540.00. Following the sale, the vice president now owns 60,814 shares of the company’s stock, valued at approximately $6,756,435.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Russell Pantermuehl also recently made the following trade(s):

  • On Friday, December 1st, Russell Pantermuehl sold 2,000 shares of Diamondback Energy stock. The stock was sold at an average price of $111.45, for a total transaction of $222,900.00.
  • On Thursday, November 9th, Russell Pantermuehl sold 4,000 shares of Diamondback Energy stock. The stock was sold at an average price of $109.55, for a total transaction of $438,200.00.
  • On Wednesday, September 20th, Russell Pantermuehl sold 4,000 shares of Diamondback Energy stock. The stock was sold at an average price of $96.89, for a total transaction of $387,560.00.

Shares of Diamondback Energy Inc (NASDAQ:FANG) traded up $0.04 during midday trading on Wednesday, hitting $109.06. 670,500 shares of the stock traded hands, compared to its average volume of 1,346,511. The company has a market cap of $10,490.00, a price-to-earnings ratio of 23.34, a PEG ratio of 0.79 and a beta of 1.09. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.22. Diamondback Energy Inc has a one year low of $82.77 and a one year high of $114.93.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.31. The company had revenue of $301.30 million for the quarter, compared to analyst estimates of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The company’s revenue for the quarter was up 112.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) EPS. equities research analysts expect that Diamondback Energy Inc will post 5.02 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of FANG. Johnson Financial Group Inc. bought a new position in shares of Diamondback Energy in the 2nd quarter valued at about $102,000. Cubist Systematic Strategies LLC boosted 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 last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Diamondback Energy in the 3rd quarter valued at about $206,000. Commerce Bank bought a new position in shares of Diamondback Energy in the 3rd quarter valued at about $208,000. Finally, Sentry Investment Management LLC bought a new position in shares of Diamondback Energy in the 2nd quarter valued at about $215,000.

A number of equities research analysts recently issued reports on FANG shares. Barclays increased their target price on shares of Diamondback Energy from $105.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Zacks Investment Research cut shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Jefferies Group started coverage on shares of Diamondback Energy in a research report on Monday, October 9th. They issued a “buy” rating and a $124.00 price objective for the company. Northland Securities restated a “buy” rating and issued a $125.00 price objective on shares of Diamondback Energy in a research report on Tuesday, September 26th. Finally, Citigroup started coverage on shares of Diamondback Energy in a research report on Friday, December 1st. They issued a “buy” rating and a $130.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $126.88.

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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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