Diamondback Energy Inc (NASDAQ:FANG) VP Paul Molnar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $111.83, for a total transaction of $559,150.00. Following the transaction, the vice president now directly owns 37,563 shares in the company, valued at approximately $4,200,670.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Paul Molnar also recently made the following trade(s):

  • On Tuesday, September 19th, Paul Molnar sold 5,000 shares of Diamondback Energy stock. The shares were sold at an average price of $95.04, for a total transaction of $475,200.00.

Diamondback Energy Inc (FANG) traded up $0.23 during trading hours on Wednesday, reaching $111.53. 604,900 shares of the company’s stock were exchanged, compared to its average volume of 1,335,000. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46. The stock has a market capitalization of $10,926.02, a P/E ratio of 23.83, a P/E/G ratio of 0.81 and a beta of 1.09. Diamondback Energy Inc has a 12 month low of $82.77 and a 12 month high of $114.93.

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

Several equities analysts recently issued reports on FANG shares. Zacks Investment Research raised shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Monday, October 9th. KeyCorp reissued an “overweight” rating and set a $125.00 price objective (up previously from $117.00) on shares of Diamondback Energy in a research note on Tuesday, November 7th. US Capital Advisors reissued a “buy” rating on shares of Diamondback Energy in a research note on Monday, October 2nd. Goldman Sachs Group downgraded shares of Diamondback Energy from a “conviction-buy” rating to a “buy” rating and upped their price objective for the company from $106.53 to $118.00 in a research note on Friday, November 17th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $112.00 price objective on shares of Diamondback Energy in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have given a buy rating to the company. Diamondback Energy has an average rating of “Buy” and an average price target of $125.56.

Several hedge funds have recently modified their holdings of FANG. Warburg Pincus LLC raised its stake in shares of Diamondback Energy by 132.4% in the 2nd quarter. Warburg Pincus LLC now owns 6,532,915 shares of the oil and natural gas company’s stock valued at $580,188,000 after acquiring an additional 3,721,519 shares during the period. Artisan Partners Limited Partnership raised its stake in shares of Diamondback Energy by 964.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,847,919 shares of the oil and natural gas company’s stock valued at $164,114,000 after acquiring an additional 1,674,336 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Diamondback Energy by 20.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,633,723 shares of the oil and natural gas company’s stock valued at $677,951,000 after acquiring an additional 1,278,802 shares during the period. Capital World Investors grew its holdings in Diamondback Energy by 98.1% during the 2nd quarter. Capital World Investors now owns 2,516,497 shares of the oil and natural gas company’s stock valued at $223,490,000 after purchasing an additional 1,246,072 shares in the last quarter. Finally, Boston Partners grew its holdings in Diamondback Energy by 18.1% during the 3rd quarter. Boston Partners now owns 7,874,429 shares of the oil and natural gas company’s stock valued at $771,379,000 after purchasing an additional 1,208,864 shares in the last quarter.

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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.

Insider Buying and Selling by Quarter for Diamondback Energy (NASDAQ:FANG)

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