Diamondback Energy, Inc. (FANG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 383,152 shares of the oil and natural gas company’s stock after selling 381 shares during the quarter. Dimensional Fund Advisors LP owned about 0.39% of Diamondback Energy worth $34,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Diamondback Energy by 1.6% during the 2nd quarter. FMR LLC now owns 11,609,146 shares of the oil and natural gas company’s stock valued at $1,031,009,000 after acquiring an additional 185,890 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Diamondback Energy by 8.9% during the 2nd quarter. Vanguard Group Inc. now owns 7,988,153 shares of the oil and natural gas company’s stock valued at $709,428,000 after acquiring an additional 651,353 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Diamondback Energy by 20.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,633,723 shares of the oil and natural gas company’s stock valued at $677,951,000 after acquiring an additional 1,278,802 shares during the last quarter. BlackRock Inc. increased its stake in shares of Diamondback Energy by 4.9% during the 2nd quarter. BlackRock Inc. now owns 4,936,470 shares of the oil and natural gas company’s stock valued at $438,409,000 after acquiring an additional 229,276 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in shares of Diamondback Energy by 964.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,847,919 shares of the oil and natural gas company’s stock valued at $164,114,000 after acquiring an additional 1,674,336 shares during the last quarter.

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Diamondback Energy, Inc. (FANG) opened at 106.20 on Tuesday. The firm has a 50-day moving average price of $98.76 and a 200-day moving average price of $94.89. Diamondback Energy, Inc. has a 12-month low of $82.77 and a 12-month high of $114.00. The stock has a market cap of $10.42 billion, a PE ratio of 29.20 and a beta of 1.08.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.44. The firm had revenue of $267.40 million for the quarter, compared to analyst estimates of $258.75 million. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. The company’s revenue was up 137.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Analysts forecast that Diamondback Energy, Inc. will post $5.00 EPS for the current fiscal year.

In other Diamondback Energy news, insider Michael L. Hollis sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $102.44, for a total value of $204,880.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael L. Hollis sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $100.00, for a total value of $100,000.00. The disclosure for this sale can be found here. Insiders sold a total of 12,805 shares of company stock worth $1,239,381 in the last ninety days. Insiders own 0.41% of the company’s stock.

FANG has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of Diamondback Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Barclays PLC upped their price objective on shares of Diamondback Energy from $105.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. Jefferies Group LLC initiated coverage on shares of Diamondback Energy in a research note on Monday, October 9th. They set a “buy” rating and a $124.00 price objective for the company. Finally, Northland Securities reaffirmed a “buy” rating and set a $125.00 price objective on shares of Diamondback Energy in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $122.13.

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.

Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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