Diamondback Energy Inc. (NASDAQ:FANG) VP Elizabeth Moses sold 2,000 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $88.66, for a total value of $177,320.00. Following the transaction, the vice president now directly owns 11,709 shares in the company, valued at approximately $1,038,119.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Diamondback Energy Inc. (NASDAQ:FANG) traded down 0.36% during mid-day trading on Friday, hitting $90.67. 133,037 shares of the stock traded hands. The stock has a 50-day moving average of $94.32 and a 200-day moving average of $87.55. The company’s market cap is $7.08 billion. Diamondback Energy Inc. has a 52 week low of $55.48 and a 52 week high of $99.69.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.10. The business earned $112.48 million during the quarter, compared to analysts’ expectations of $112.47 million. Diamondback Energy had a negative net margin of 124.95% and a positive return on equity of 3.82%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. Analysts anticipate that Diamondback Energy Inc. will post $1.02 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Seven Eight Capital LLC bought a new position in Diamondback Energy during the second quarter valued at about $119,000. Advisor Group Inc. acquired a new stake in Diamondback Energy during the second quarter valued at approximately $120,000. PNC Financial Services Group Inc. raised its stake in Diamondback Energy by 56.6% in the second quarter. PNC Financial Services Group Inc. now owns 1,359 shares of the company’s stock valued at $125,000 after buying an additional 491 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Diamondback Energy by 7.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 2,082 shares of the company’s stock valued at $161,000 after buying an additional 141 shares in the last quarter. Finally, BB&T Corp acquired a new stake in Diamondback Energy during the second quarter valued at approximately $216,000. Institutional investors and hedge funds own 99.74% of the company’s stock.

FANG has been the topic of a number of research reports. Roth Capital reissued a “hold” rating on shares of Diamondback Energy in a report on Tuesday, July 12th. Barclays PLC raised their price target on Diamondback Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 14th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Diamondback Energy in a report on Monday, July 18th. Wunderlich raised their price target on Diamondback Energy from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, July 14th. Finally, Deutsche Bank AG raised their price target on Diamondback Energy from $104.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $97.03.

Diamondback Energy Company Profile

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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