Diamondback Energy Inc (NASDAQ:FANG) VP Russell Pantermuehl sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $127.80, for a total value of $255,600.00. Following the completion of the transaction, the vice president now owns 89,532 shares in the company, valued at approximately $11,442,189.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of NASDAQ:FANG opened at $126.12 on Friday. The stock has a market cap of $13.33 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 0.81 and a beta of 0.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.54 and a quick ratio of 0.52. Diamondback Energy Inc has a 12-month low of $98.57 and a 12-month high of $140.78.
Diamondback Energy (NASDAQ:FANG) last released its earnings results on Wednesday, August 8th. The oil and natural gas company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.05). The firm had revenue of $526.30 million during the quarter, compared to analyst estimates of $479.57 million. Diamondback Energy had a net margin of 33.37% and a return on equity of 10.56%. The business’s revenue was up 95.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, sell-side analysts forecast that Diamondback Energy Inc will post 6.37 EPS for the current year.
A number of research analysts have weighed in on the company. Raymond James restated a “buy” rating and issued a $166.00 price objective on shares of Diamondback Energy in a report on Monday, August 13th. BMO Capital Markets reiterated a “hold” rating and set a $135.00 price target on shares of Diamondback Energy in a report on Friday, August 17th. BidaskClub lowered Diamondback Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday. Capital One Financial reiterated an “overweight” rating on shares of Diamondback Energy in a report on Wednesday, August 8th. Finally, Imperial Capital lifted their price target on Diamondback Energy from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. Four analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Diamondback Energy presently has an average rating of “Buy” and a consensus target price of $154.83.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FANG. Robeco Institutional Asset Management B.V. grew its position in Diamondback Energy by 33.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 8,376 shares of the oil and natural gas company’s stock valued at $1,060,000 after acquiring an additional 2,081 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Diamondback Energy by 4.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 338,311 shares of the oil and natural gas company’s stock valued at $42,804,000 after acquiring an additional 14,365 shares in the last quarter. American International Group Inc. grew its position in Diamondback Energy by 100.5% in the 1st quarter. American International Group Inc. now owns 4,240 shares of the oil and natural gas company’s stock valued at $536,000 after acquiring an additional 2,125 shares in the last quarter. Aperio Group LLC grew its position in Diamondback Energy by 73.9% in the 1st quarter. Aperio Group LLC now owns 64,616 shares of the oil and natural gas company’s stock valued at $8,175,000 after acquiring an additional 27,461 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in Diamondback Energy by 13.4% in the 1st quarter. Neuberger Berman Group LLC now owns 219,341 shares of the oil and natural gas company’s stock valued at $27,751,000 after acquiring an additional 25,842 shares in the last quarter.
About Diamondback Energy
Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.
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