Diamondback Energy Inc. (NASDAQ:FANG) shares hit a new 52-week high during trading on Monday . The stock traded as high as $96.95 and last traded at $96.17, with a volume of 352,501 shares trading hands. The stock had previously closed at $94.58.

Several research analysts have commented on the stock. Wunderlich lowered their price objective on shares of Diamondback Energy from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, May 5th. BMO Capital Markets restated a “buy” rating on shares of Diamondback Energy in a research report on Thursday, May 5th. JPMorgan Chase & Co. restated a “buy” rating and set a $108.00 price objective on shares of Diamondback Energy in a research report on Monday. Topeka Capital Markets boosted their price objective on shares of Diamondback Energy from $85.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 4th. Finally, Simmons reiterated an “overweight” rating and set a $109.00 price target (up from $106.00) on shares of Diamondback Energy in a report on Saturday. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $95.31.

The firm has a 50 day moving average price of $89.52 and a 200-day moving average price of $82.83. The firm’s market cap is $7.53 billion.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Tuesday, August 2nd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The business earned $112.48 million during the quarter, compared to analysts’ expectations of $112.47 million. During the same quarter in the previous year, the business earned $0.41 EPS. Diamondback Energy’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts expect that Diamondback Energy Inc. will post $1.03 earnings per share for the current fiscal year.

In other Diamondback Energy news, CEO Travis D. Stice sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $90.49, for a total value of $904,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Paul Molnar sold 4,722 shares of the business’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $91.82, for a total transaction of $433,574.04. Following the completion of the transaction, the vice president now owns 33,753 shares in the company, valued at approximately $3,099,200.46. The disclosure for this sale can be found here.

Other institutional investors have recently added to or reduced their stakes in the company. Redwood Investments LLC boosted its position in Diamondback Energy by 22.6% in the fourth quarter. Redwood Investments LLC now owns 24,983 shares of the company’s stock worth $1,671,000 after buying an additional 4,609 shares during the last quarter. I.G. Investment Management LTD. boosted its position in Diamondback Energy by 11.5% in the fourth quarter. I.G. Investment Management LTD. now owns 87,254 shares of the company’s stock worth $5,837,000 after buying an additional 9,031 shares during the last quarter. US Bancorp DE boosted its position in Diamondback Energy by 136.2% in the fourth quarter. US Bancorp DE now owns 18,952 shares of the company’s stock worth $1,267,000 after buying an additional 10,929 shares during the last quarter. Pear Tree Advisors Inc. purchased a new position in Diamondback Energy during the fourth quarter worth about $1,115,000. Finally, Airain ltd purchased a new position in Diamondback Energy during the fourth quarter worth about $1,355,000.

Diamondback Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Its total net acreage position in the Permian Basin is approximately 84,680 net acres.

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