Gulf International Bank UK Ltd Grows Holdings in Diamondback Energy Inc (FANG)

Gulf International Bank UK Ltd raised its stake in Diamondback Energy Inc (NASDAQ:FANG) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,615 shares of the oil and natural gas company’s stock after purchasing an additional 1,965 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Diamondback Energy were worth $3,394,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FANG. Capital International Investors purchased a new position in Diamondback Energy in the third quarter valued at about $155,469,000. JPMorgan Chase & Co. raised its position in Diamondback Energy by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 7,478,957 shares of the oil and natural gas company’s stock valued at $1,011,079,000 after purchasing an additional 984,124 shares during the period. Wexford Capital LP purchased a new stake in shares of Diamondback Energy during the third quarter worth about $116,483,000. Capital World Investors increased its position in shares of Diamondback Energy by 4.8% during the third quarter. Capital World Investors now owns 11,931,000 shares of the oil and natural gas company’s stock worth $1,612,952,000 after acquiring an additional 542,279 shares during the last quarter. Finally, Third Point LLC purchased a new stake in shares of Diamondback Energy during the third quarter worth about $67,595,000.

NASDAQ:FANG opened at $104.10 on Friday. The stock has a market capitalization of $10.81 billion, a P/E ratio of 19.64, a PEG ratio of 0.47 and a beta of 0.88. Diamondback Energy Inc has a one year low of $85.19 and a one year high of $140.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 1.08.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Tuesday, November 6th. The oil and natural gas company reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.15. The business had revenue of $538.03 million during the quarter, compared to the consensus estimate of $518.32 million. Diamondback Energy had a return on equity of 10.75% and a net margin of 33.63%. The company’s revenue for the quarter was up 78.6% compared to the same quarter last year. During the same period last year, the firm earned $1.33 earnings per share. On average, analysts predict that Diamondback Energy Inc will post 6.71 EPS for the current year.

In other Diamondback Energy news, VP Hof Matthew Kaes Van’t sold 1,000 shares of Diamondback Energy stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $89.91, for a total value of $89,910.00. Following the completion of the transaction, the vice president now directly owns 5,757 shares in the company, valued at $517,611.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.57% of the stock is currently owned by company insiders.

A number of brokerages have recently issued reports on FANG. Oppenheimer began coverage on Diamondback Energy in a research report on Wednesday, October 3rd. They set an “outperform” rating and a $166.00 target price on the stock. BidaskClub raised Diamondback Energy from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 5th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Diamondback Energy in a research report on Friday, September 28th. Morgan Stanley lifted their target price on Diamondback Energy from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Finally, ValuEngine raised Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $156.31.

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About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

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

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