Diamondback Energy Inc (FANG) CEO Sells $4,375,000.00 in Stock

Diamondback Energy Inc (NASDAQ:FANG) CEO Travis D. Stice sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $125.00, for a total value of $4,375,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Diamondback Energy Inc (FANG) traded up $1.63 during mid-day trading on Wednesday, hitting $127.88. The stock had a trading volume of 1,548,100 shares, compared to its average volume of 1,195,500. Diamondback Energy Inc has a 1-year low of $82.77 and a 1-year high of $128.28. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $12,710.00, a PE ratio of 30.96, a price-to-earnings-growth ratio of 0.73 and a beta of 1.08.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.31. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The business had revenue of $301.30 million for the quarter, compared to analysts’ expectations of $296.53 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The business’s revenue was up 112.0% on a year-over-year basis. sell-side analysts forecast that Diamondback Energy Inc will post 5.06 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new stake in shares of Diamondback Energy during the second quarter worth $102,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Diamondback Energy by 46.7% during the second quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock worth $195,000 after purchasing an additional 700 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Diamondback Energy during the third quarter worth $206,000. Commerce Bank acquired a new stake in shares of Diamondback Energy during the third quarter worth $208,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of Diamondback Energy during the second quarter worth $215,000.

FANG has been the topic of a number of research reports. BMO Capital Markets set a $110.00 price target on Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, October 10th. Scotiabank restated a “buy” rating and issued a $118.00 price target on shares of Diamondback Energy in a report on Wednesday, November 22nd. Morgan Stanley upped their price target on Diamondback Energy from $118.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Citigroup assumed coverage on Diamondback Energy in a report on Friday, December 1st. They set a “buy” rating and a $130.00 target price on the stock. Finally, Williams Capital reiterated a “hold” rating and set a $110.00 target price (up previously from $105.00) on shares of Diamondback Energy in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $124.58.

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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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