Scotia Capital Inc. bought a new stake in Diamondback Energy Inc (NASDAQ:FANG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,420 shares of the oil and natural gas company’s stock, valued at approximately $432,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc boosted its position in Diamondback Energy by 42.6% during the fourth quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock worth $164,000 after acquiring an additional 389 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Diamondback Energy by 476.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the oil and natural gas company’s stock worth $178,000 after acquiring an additional 1,167 shares during the last quarter. KCS Wealth Advisory acquired a new position in Diamondback Energy during the fourth quarter worth about $202,000. Crossmark Global Holdings Inc. acquired a new position in Diamondback Energy during the third quarter worth about $206,000. Finally, Commerce Bank acquired a new position in Diamondback Energy in the 3rd quarter valued at about $208,000.
In other news, CEO Travis D. Stice sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total value of $4,375,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Travis D. Stice sold 87,150 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $125.20, for a total transaction of $10,911,180.00. The disclosure for this sale can be found here. Insiders sold a total of 193,431 shares of company stock worth $24,113,442 over the last three months. Insiders own 0.41% of the company’s stock.
Shares of Diamondback Energy Inc (NASDAQ FANG) opened at $127.41 on Tuesday. The stock has a market cap of $12,657.69, a P/E ratio of 24.19, a PEG ratio of 0.71 and a beta of 0.91. Diamondback Energy Inc has a 52 week low of $82.77 and a 52 week high of $134.52. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.16. The business had revenue of $399.19 million for the quarter, compared to the consensus estimate of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%. sell-side analysts anticipate that Diamondback Energy Inc will post 6.99 earnings per share for the current fiscal year.
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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.
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