Schroder Investment Management Group boosted its position in Diamondback Energy Inc (NASDAQ:FANG) by 3,661.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,475 shares of the oil and natural gas company’s stock after purchasing an additional 69,575 shares during the quarter. Schroder Investment Management Group owned about 0.07% of Diamondback Energy worth $6,943,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Johnson Financial Group Inc. bought a new stake in Diamondback Energy in the 2nd quarter valued at about $102,000. Crossmark Global Holdings Inc. bought a new stake in Diamondback Energy in the 3rd quarter valued at about $206,000. Commerce Bank bought a new stake in Diamondback Energy in the 3rd quarter valued at about $208,000. Cubist Systematic Strategies LLC increased its stake in Diamondback Energy by 46.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock valued at $195,000 after buying an additional 700 shares during the period. Finally, Raymond James Trust N.A. acquired a new position in Diamondback Energy during the 3rd quarter valued at about $237,000.
Shares of Diamondback Energy Inc (NASDAQ FANG) traded up $1.63 on Tuesday, hitting $127.88. 1,548,164 shares of the company’s stock traded hands, compared to its average volume of 997,413. Diamondback Energy Inc has a one year low of $82.77 and a one year high of $128.28. The firm has a market capitalization of $12,550.00, a PE ratio of 30.96, a price-to-earnings-growth ratio of 0.91 and a beta of 1.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46.
Diamondback Energy (NASDAQ:FANG) last announced its 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. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The company had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $296.53 million. During the same period last year, the company posted ($0.03) earnings per share. 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 5.06 EPS for the current year.
Several equities analysts have commented on the stock. BidaskClub raised shares of Diamondback Energy from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Barclays reissued a “buy” rating and set a $138.00 target price on shares of Diamondback Energy in a research note on Sunday, December 24th. KeyCorp reissued an “overweight” rating and set a $125.00 target price (up previously from $117.00) on shares of Diamondback Energy in a research note on Tuesday, November 7th. SunTrust Banks reissued a “buy” rating and set a $130.00 target price on shares of Diamondback Energy in a research note on Friday, November 10th. Finally, Imperial Capital raised their target price on shares of Diamondback Energy from $113.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Diamondback Energy currently has a consensus rating of “Buy” and an average price target of $124.58.
In other Diamondback Energy news, VP Russell Pantermuehl sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $109.55, for a total value of $438,200.00. Following the completion of the transaction, the vice president now directly owns 64,214 shares in the company, valued at $7,034,643.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael L. Hollis sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $102.44, for a total transaction of $204,880.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,400 shares of company stock valued at $4,986,210. Corporate insiders own 0.41% of the company’s stock.
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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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