Nisa Investment Advisors LLC Has $459,000 Position in Diamondback Energy, Inc. (NASDAQ:FANG)
Nisa Investment Advisors LLC maintained its stake in Diamondback Energy, Inc. (NASDAQ:FANG) during the second quarter, Holdings Channel reports. The institutional investor owned 5,000 shares of the oil and natural gas company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Diamondback Energy were worth $459,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Toronto Dominion Bank increased its position in Diamondback Energy by 26.2% in the first quarter. Toronto Dominion Bank now owns 969 shares of the oil and natural gas company’s stock worth $100,000 after buying an additional 201 shares during the last quarter. Winch Advisory Services LLC bought a new position in Diamondback Energy during the first quarter worth about $105,000. State of Alaska Department of Revenue bought a new position in Diamondback Energy during the first quarter worth about $180,000. Stevens Capital Management LP bought a new position in Diamondback Energy during the first quarter worth about $201,000. Finally, Teza Capital Management LLC bought a new position in Diamondback Energy during the first quarter worth about $202,000. 97.20% of the stock is currently owned by institutional investors.
Shares of Diamondback Energy, Inc. (NASDAQ:FANG) traded up 1.43% during mid-day trading on Friday, hitting $93.38. 571,193 shares of the stock traded hands. Diamondback Energy, Inc. has a 1-year low of $82.77 and a 1-year high of $114.00. The company has a market capitalization of $9.16 billion, a PE ratio of 25.68 and a beta of 1.06. The company’s 50-day moving average price is $91.30 and its 200 day moving average price is $98.31.
Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.44. The company had revenue of $267.40 million during the quarter, compared to analysts’ expectations of $258.75 million. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. Diamondback Energy’s quarterly revenue was up 137.7% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share. Equities research analysts forecast that Diamondback Energy, Inc. will post $4.88 EPS for the current fiscal year.
A number of research firms recently issued reports on FANG. BMO Capital Markets set a $100.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, August 1st. Mizuho reiterated a “buy” rating and set a $114.00 target price (up previously from $109.00) on shares of Diamondback Energy in a research report on Thursday, August 3rd. Scotiabank set a $95.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Saturday, July 1st. Williams Capital set a $114.00 target price on shares of Diamondback Energy and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Roth Capital boosted their target price on shares of Diamondback Energy from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $115.92.
In related news, Director Mark Lawrence Plaumann sold 1,000 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $101.52, for a total transaction of $101,520.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven E. West purchased 2,400 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $103.45 per share, with a total value of $248,280.00. Following the completion of the transaction, the director now owns 2,400 shares of the company’s stock, valued at approximately $248,280. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by company insiders.
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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