Wellington Shields Capital Management LLC trimmed its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,050 shares of the oil and natural gas company’s stock after selling 600 shares during the period. Wellington Shields Capital Management LLC’s holdings in Diamondback Energy were worth $887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Viking Fund Management LLC grew its holdings in Diamondback Energy by 6.3% in the third quarter. Viking Fund Management LLC now owns 220,000 shares of the oil and natural gas company’s stock valued at $21,551,000 after purchasing an additional 13,000 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of Diamondback Energy by 964.6% in the second quarter. Artisan Partners Limited Partnership now owns 1,847,919 shares of the oil and natural gas company’s stock valued at $164,114,000 after acquiring an additional 1,674,336 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in shares of Diamondback Energy by 8,536.0% in the second quarter. Harbour Capital Advisors LLC now owns 767,052 shares of the oil and natural gas company’s stock valued at $8,637,000 after acquiring an additional 758,170 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Diamondback Energy by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 831,952 shares of the oil and natural gas company’s stock valued at $73,887,000 after acquiring an additional 62,224 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Diamondback Energy by 4.9% in the second quarter. BlackRock Inc. now owns 4,936,470 shares of the oil and natural gas company’s stock valued at $438,409,000 after acquiring an additional 229,276 shares in the last quarter.

Several equities analysts have recently weighed in on the company. KeyCorp restated an “overweight” rating and issued a $125.00 target price (up previously from $117.00) on shares of Diamondback Energy in a research report on Tuesday, November 7th. SunTrust Banks, Inc. restated a “buy” rating and issued a $130.00 target price on shares of Diamondback Energy in a research report on Friday, November 10th. Imperial Capital lifted their price objective on Diamondback Energy from $113.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Zacks Investment Research downgraded Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, BMO Capital Markets set a $130.00 price objective on Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company. Diamondback Energy presently has a consensus rating of “Buy” and a consensus price target of $124.83.

In other news, VP Hof Matthew Kaes Van’t sold 650 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $88.49, for a total value of $57,518.50. Following the completion of the sale, the vice president now directly owns 4,950 shares of the company’s stock, valued at approximately $438,025.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul Molnar sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $95.04, for a total value of $475,200.00. Following the completion of the sale, the vice president now directly owns 42,563 shares of the company’s stock, valued at $4,045,187.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,805 shares of company stock valued at $2,446,531. Insiders own 0.41% of the company’s stock.

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Diamondback Energy, Inc. (NASDAQ FANG) traded down $2.70 on Wednesday, reaching $108.27. The company had a trading volume of 1,149,500 shares, compared to its average volume of 1,378,197. Diamondback Energy, Inc. has a 1 year low of $82.77 and a 1 year high of $114.93. The firm has a market cap of $10,893.62, a PE ratio of 23.76, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.31. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The firm had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $296.53 million. During the same period in the previous year, the firm posted ($0.03) EPS. Diamondback Energy’s revenue for the quarter was up 112.0% on a year-over-year basis. equities research analysts anticipate that Diamondback Energy, Inc. will post 5.01 EPS for the current year.

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.

Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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