Diamondback Energy Inc (NASDAQ:FANG) VP Paul Molnar sold 5,000 shares of Diamondback Energy stock in a transaction on Monday, December 11th. The stock was sold at an average price of $111.83, for a total transaction of $559,150.00. Following the sale, the vice president now owns 37,563 shares in the company, valued at $4,200,670.29. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

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

Diamondback Energy Inc (FANG) opened at $109.52 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. The company has a market cap of $10,899.51, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.09. Diamondback Energy Inc has a one year low of $82.77 and a one year high of $114.93.

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 analysts’ consensus estimates of $1.02 by $0.31. The company had revenue of $301.30 million for the quarter, compared to analyst estimates of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. Diamondback Energy’s quarterly revenue was up 112.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) earnings per share. equities research analysts anticipate that Diamondback Energy Inc will post 5.03 EPS for the current year.

Several equities research analysts recently commented on the stock. KeyCorp reiterated an “overweight” rating and set a $125.00 price target (up from $117.00) on shares of Diamondback Energy in a research note on Tuesday, November 7th. SunTrust Banks reiterated a “buy” rating and set a $130.00 price target on shares of Diamondback Energy in a research note on Friday, November 10th. Imperial Capital lifted their price target on shares of Diamondback Energy from $113.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Credit Suisse Group assumed coverage on shares of Diamondback Energy in a research note on Monday, December 11th. They set an “outperform” rating and a $123.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $125.56.

A number of hedge funds and other institutional investors have recently bought and sold shares of FANG. Johnson Financial Group Inc. purchased a new stake in shares of Diamondback Energy in the second quarter valued at about $102,000. Cubist Systematic Strategies LLC boosted its holdings 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 acquiring an additional 700 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Diamondback Energy in the third quarter valued at about $206,000. Commerce Bank purchased a new stake in shares of Diamondback Energy in the third quarter valued at about $208,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of Diamondback Energy in the second quarter valued at about $215,000.

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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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