BNP Paribas Arbitrage SA decreased its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 21.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 42,357 shares of the oil and natural gas company’s stock after selling 11,697 shares during the period. BNP Paribas Arbitrage SA’s holdings in Diamondback Energy were worth $4,149,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in Diamondback Energy during the 2nd quarter valued at about $102,000. Cubist Systematic Strategies LLC grew its position in shares of Diamondback Energy by 46.7% in the 2nd 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 during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Diamondback Energy in the 3rd quarter worth approximately $206,000. Sentry Investment Management LLC purchased a new position in shares of Diamondback Energy in the 2nd quarter worth approximately $215,000. Finally, BB&T Securities LLC purchased a new position in shares of Diamondback Energy in the 2nd quarter worth approximately $217,000.
A number of research analysts have recently issued reports on FANG shares. BidaskClub downgraded shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Roth Capital lifted 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 lifted 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $124.54.
Shares of Diamondback Energy, Inc. (NASDAQ FANG) opened at $107.54 on Monday. The company has a market cap of $10,556.91, a price-to-earnings ratio of 23.03, a P/E/G ratio of 0.78 and a beta of 1.10. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.22. Diamondback Energy, Inc. has a 1-year low of $82.77 and a 1-year high of $114.93.
Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.02 by $0.31. The company had revenue of $301.30 million during the quarter, compared to analyst estimates of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The firm’s revenue was up 112.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) EPS. analysts expect that Diamondback Energy, Inc. will post 5.01 earnings per share for the current year.
In other news, VP Paul Molnar sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $95.04, for a total transaction of $475,200.00. Following the completion of the sale, the vice president now owns 42,563 shares of the company’s stock, valued at $4,045,187.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Hof Matthew Kaes Van’t sold 650 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $88.49, for a total transaction of $57,518.50. Following the sale, the vice president now directly owns 4,950 shares of the company’s stock, valued at approximately $438,025.50. The disclosure for this sale can be found here. In the last three months, insiders sold 23,805 shares of company stock valued at $2,446,531. 0.41% of the stock is owned by insiders.
Diamondback Energy 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.
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