Diamondback Energy, Inc. (FANG) Shares Bought by Capital Analysts LLC
Capital Analysts LLC boosted its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 11.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,010 shares of the oil and natural gas company’s stock after buying an additional 914 shares during the period. Capital Analysts LLC’s holdings in Diamondback Energy were worth $800,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of FANG. State of Alaska Department of Revenue purchased a new stake in shares of Diamondback Energy during the first quarter worth approximately $180,000. Korea Investment CORP purchased a new stake in shares of Diamondback Energy during the first quarter worth approximately $5,175,000. ProShare Advisors LLC boosted its stake in shares of Diamondback Energy by 9.6% in the first quarter. ProShare Advisors LLC now owns 8,001 shares of the oil and natural gas company’s stock worth $830,000 after buying an additional 700 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Diamondback Energy during the first quarter worth approximately $601,000. Finally, Shell Asset Management Co. boosted its stake in shares of Diamondback Energy by 8.0% in the first quarter. Shell Asset Management Co. now owns 5,898 shares of the oil and natural gas company’s stock worth $612,000 after buying an additional 435 shares during the period.
Diamondback Energy, Inc. (NASDAQ FANG) opened at 88.17 on Wednesday. The company has a market capitalization of $8.65 billion, a P/E ratio of 24.24 and a beta of 1.06. Diamondback Energy, Inc. has a 52-week low of $82.77 and a 52-week high of $114.00. The stock’s 50 day moving average is $91.46 and its 200-day moving average is $97.04.
Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.44. Diamondback Energy had a net margin of 38.24% and a return on equity of 8.09%. The company had revenue of $267.40 million during the quarter, compared to analyst estimates of $258.75 million. During the same period last year, the firm posted $0.26 EPS. Diamondback Energy’s revenue for the quarter was up 137.7% compared to the same quarter last year. Analysts predict that Diamondback Energy, Inc. will post $4.93 EPS for the current fiscal year.
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FANG has been the topic of a number of research analyst reports. Williams Capital reaffirmed a “hold” rating and set a $120.00 price target on shares of Diamondback Energy in a research report on Wednesday, May 3rd. Roth Capital set a $130.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, May 2nd. BMO Capital Markets set a $120.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, May 2nd. Scotiabank reiterated a “buy” rating and set a $121.00 price objective on shares of Diamondback Energy in a report on Thursday, May 4th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $141.00 price objective on shares of Diamondback Energy in a report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $117.32.
In other news, insider Michael L. Hollis sold 1,000 shares of Diamondback Energy stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.
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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