Diamondback Energy, Inc. (NASDAQ:FANG) CFO Teresa L. Dick sold 5,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $111.79, for a total transaction of $558,950.00. Following the completion of the transaction, the chief financial officer now owns 31,760 shares of the company’s stock, valued at approximately $3,550,450.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Diamondback Energy, Inc. (NASDAQ FANG) opened at $106.53 on Friday. Diamondback Energy, Inc. has a one year low of $82.77 and a one year high of $114.93. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.22. The firm has a market cap of $10,466.60, a P/E ratio of 22.83, a PEG ratio of 0.78 and a beta of 1.10.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.31. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The business had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $296.53 million. During the same quarter in the prior year, the company posted ($0.03) EPS. The business’s revenue for the quarter was up 112.0% on a year-over-year basis. sell-side analysts forecast that Diamondback Energy, Inc. will post 5.01 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of the company. Green Square Capital LLC grew its stake in shares of Diamondback Energy by 1.2% in the 2nd quarter. Green Square Capital LLC now owns 3,531 shares of the oil and natural gas company’s stock valued at $314,000 after buying an additional 42 shares during the period. Profund Advisors LLC grew its stake in shares of Diamondback Energy by 1.5% in the 2nd quarter. Profund Advisors LLC now owns 4,163 shares of the oil and natural gas company’s stock valued at $370,000 after buying an additional 62 shares during the period. American International Group Inc. grew its stake in shares of Diamondback Energy by 5.8% in the 1st quarter. American International Group Inc. now owns 2,308 shares of the oil and natural gas company’s stock valued at $239,000 after buying an additional 126 shares during the period. AT Bancorp grew its stake in shares of Diamondback Energy by 1.8% in the 2nd quarter. AT Bancorp now owns 8,475 shares of the oil and natural gas company’s stock valued at $753,000 after buying an additional 151 shares during the period. Finally, Energy Opportunities Capital Management LLC grew its stake in shares of Diamondback Energy by 1.1% in the 2nd quarter. Energy Opportunities Capital Management LLC now owns 16,000 shares of the oil and natural gas company’s stock valued at $1,421,000 after buying an additional 170 shares during the period.

FANG has been the subject of a number of analyst reports. BidaskClub downgraded shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Roth Capital upped their price objective on shares of Diamondback Energy from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. BMO Capital Markets set a $100.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Morgan Stanley upped their price objective on shares of Diamondback Energy from $118.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Finally, Williams Capital set a $114.00 price objective on shares of Diamondback Energy and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $124.83.

Diamondback Energy Company Profile

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.

Insider Buying and Selling by Quarter for Diamondback Energy (NASDAQ:FANG)

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