Diamondback Energy Inc (FANG) Shares Bought by Boothbay Fund Management LLC
Boothbay Fund Management LLC boosted its stake in shares of Diamondback Energy Inc (NASDAQ:FANG) by 17.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,948 shares of the oil and natural gas company’s stock after acquiring an additional 1,506 shares during the period. Boothbay Fund Management LLC’s holdings in Diamondback Energy were worth $975,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new position in Diamondback Energy during the second quarter worth $102,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Diamondback Energy in the third quarter valued at about $206,000. Commerce Bank acquired a new stake in shares of Diamondback Energy in the third quarter valued at about $208,000. Cubist Systematic Strategies LLC raised its position in shares of 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 last quarter. Finally, Raymond James Trust N.A. acquired a new stake in shares of Diamondback Energy in the third quarter valued at about $237,000.
A number of equities research analysts have recently commented on FANG shares. BMO Capital Markets set a $110.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Saturday, August 12th. BidaskClub cut shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Northland Securities set a $125.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Monday, August 21st. KeyCorp reiterated a “buy” rating and issued a $113.00 target price on shares of Diamondback Energy in a research report on Wednesday, September 6th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $112.00 target price on shares of Diamondback Energy in a research report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have issued a buy rating to the company. Diamondback Energy has an average rating of “Buy” and an average price target of $126.88.
In related news, VP Russell Pantermuehl sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $96.89, for a total value of $387,560.00. Following the sale, the vice president now owns 70,214 shares of the company’s stock, valued at $6,803,034.46. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Paul Molnar sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $95.04, for a total transaction of $475,200.00. Following the completion of the sale, the vice president now directly owns 42,563 shares in the company, valued at approximately $4,045,187.52. The disclosure for this sale can be found here. In the last three months, insiders sold 26,400 shares of company stock valued at $2,753,230. Insiders own 0.41% of the company’s stock.
Diamondback Energy Inc (NASDAQ FANG) opened at $110.77 on Friday. 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 12 month low of $82.77 and a 12 month high of $114.93. The company has a market cap of $10,438.13, a P/E ratio of 22.77, a PEG ratio of 0.77 and a beta of 1.09.
Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.31. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The business had revenue of $301.30 million during the quarter, compared to analyst estimates of $296.53 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was up 112.0% compared to the same quarter last year. sell-side analysts expect that Diamondback Energy Inc will post 5.02 EPS for the current year.
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Diamondback Energy 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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