Diamondback Energy, Inc. (FANG) VP Russell Pantermuehl Sells 4,000 Shares
Diamondback Energy, Inc. (NASDAQ:FANG) VP Russell Pantermuehl sold 4,000 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $96.89, for a total value of $387,560.00. Following the sale, the vice president now directly owns 70,214 shares of the company’s stock, valued at $6,803,034.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Diamondback Energy, Inc. (FANG) traded up 0.04% during trading on Thursday, hitting $97.36. The stock had a trading volume of 1,014,792 shares. Diamondback Energy, Inc. has a 1-year low of $82.77 and a 1-year high of $114.00. The firm’s 50 day moving average is $91.17 and its 200 day moving average is $95.46. The company has a market cap of $9.55 billion, a PE ratio of 26.77 and a beta of 1.08.
Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Tuesday, August 1st. The oil and natural gas company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.44. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. The company had revenue of $267.40 million for the quarter, compared to the consensus estimate of $258.75 million. During the same quarter last year, the business posted $0.26 earnings per share. The firm’s revenue was up 137.7% compared to the same quarter last year. Equities research analysts anticipate that Diamondback Energy, Inc. will post $4.93 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank raised its position in shares of 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 in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Diamondback Energy in the second quarter worth $102,000. Cubist Systematic Strategies LLC raised its position in shares of Diamondback Energy by 46.7% in the second quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock worth $195,000 after buying an additional 700 shares in the last quarter. Stevens Capital Management LP purchased a new stake in shares of Diamondback Energy in the first quarter worth $201,000. Finally, Turner Investments LLC purchased a new stake in shares of Diamondback Energy in the first quarter worth $215,000.
Several analysts recently weighed in on the company. Wells Fargo & Company reissued an “outperform” rating and set a $110.00 price target (down from $125.00) on shares of Diamondback Energy in a report on Saturday, July 22nd. BidaskClub cut Diamondback Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BMO Capital Markets set a $110.00 price target on Diamondback Energy and gave the stock a “buy” rating in a report on Saturday, August 12th. Bank of America Corporation assumed coverage on Diamondback Energy in a report on Wednesday, July 19th. They set a “buy” rating and a $115.00 price target for the company. Finally, Barclays PLC lifted their price target on Diamondback Energy from $93.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $115.87.
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.
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