50,000 Shares in Diamondback Energy Inc (FANG) Purchased by Delek Group Ltd.
Delek Group Ltd. acquired a new stake in shares of Diamondback Energy Inc (NASDAQ:FANG) in the fourth quarter, HoldingsChannel reports. The fund acquired 50,000 shares of the oil and natural gas company’s stock, valued at approximately $6,303,000.
Several other large investors have also made changes to their positions in FANG. Viking Global Investors LP bought a new stake in shares of Diamondback Energy during the 4th quarter valued at about $78,139,000. Carillon Tower Advisers Inc. bought a new stake in shares of Diamondback Energy during the 4th quarter valued at about $72,286,000. Franklin Resources Inc. grew its position in shares of Diamondback Energy by 76.1% during the 4th quarter. Franklin Resources Inc. now owns 765,062 shares of the oil and natural gas company’s stock valued at $96,581,000 after buying an additional 330,652 shares during the last quarter. Eagle Asset Management Inc. grew its position in shares of Diamondback Energy by 33.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,263,001 shares of the oil and natural gas company’s stock valued at $126,300,000 after buying an additional 318,035 shares during the last quarter. Finally, Ascend Capital LLC bought a new stake in shares of Diamondback Energy during the 4th quarter valued at about $38,957,000.
In other news, insider Michael L. Hollis sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Travis D. Stice sold 87,150 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $125.20, for a total transaction of $10,911,180.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 181,431 shares of company stock valued at $22,726,852. Company insiders own 0.41% of the company’s stock.
Shares of Diamondback Energy stock opened at $130.18 on Thursday. The firm has a market cap of $12,323.92, a P/E ratio of 23.55, a PEG ratio of 0.70 and a beta of 0.91. Diamondback Energy Inc has a one year low of $82.77 and a one year high of $134.52. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.
Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.16. The company had revenue of $399.19 million during the quarter, compared to analyst estimates of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%. research analysts anticipate that Diamondback Energy Inc will post 6.89 earnings per share for the current year.
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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.
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