Diamondback Energy, Inc. (FANG) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC cut its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,920 shares of the oil and natural gas company’s stock after selling 5,574 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.08% of Diamondback Energy worth $7,275,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Johnson Financial Group Inc. acquired a new position in shares of Diamondback Energy during the second quarter worth approximately $102,000. BB&T Securities LLC acquired a new position in shares of Diamondback Energy during the second quarter worth approximately $217,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Diamondback Energy by 1.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,155 shares of the oil and natural gas company’s stock worth $224,000 after buying an additional 40 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Diamondback Energy by 5.8% during the first quarter. American International Group Inc. now owns 2,308 shares of the oil and natural gas company’s stock worth $239,000 after buying an additional 126 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Diamondback Energy during the first quarter worth approximately $257,000. Institutional investors own 98.59% of the company’s stock.

A number of research analysts have recently commented on the company. Scotiabank set a $95.00 price objective on Diamondback Energy and gave the company a “buy” rating in a research report on Saturday, July 1st. BidaskClub cut Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Morgan Stanley boosted their price objective on Diamondback Energy from $118.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday. Williams Capital boosted their price objective on Diamondback Energy from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Bank of America Corporation began coverage on Diamondback Energy in a research report on Wednesday, July 19th. They set a “buy” rating and a $115.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $122.13.

Diamondback Energy, Inc. (NASDAQ FANG) opened at 102.19 on Thursday. Diamondback Energy, Inc. has a 1-year low of $82.77 and a 1-year high of $114.00. The firm has a 50-day moving average price of $96.42 and a 200-day moving average price of $95.13. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 28.10 and a beta of 1.08.

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

In other news, VP Hof Matthew Kaes Van’t sold 650 shares of Diamondback Energy stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $88.49, for a total value of $57,518.50. Following the transaction, the vice president now owns 4,950 shares in the company, valued at approximately $438,025.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael L. Hollis sold 1,000 shares of Diamondback Energy stock in a transaction 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. In the last quarter, insiders sold 12,805 shares of company stock worth $1,239,381. Corporate insiders own 0.41% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Diamondback Energy, Inc. (FANG) Shares Sold by Parametric Portfolio Associates LLC” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/19/diamondback-energy-inc-fang-shares-sold-by-parametric-portfolio-associates-llc.html.

Diamondback Energy Profile

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Other hedge funds have also modified their holdings of the company. Johnson Financial Group Inc. acquired a new position in shares of Diamondback Energy during the second quarter worth approximately $102,000. BB&T Securities LLC acquired a new position in shares of Diamondback Energy during the second quarter worth approximately $217,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Diamondback Energy by 1.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,155 shares of the oil and natural gas company’s stock worth $224,000 after buying an additional 40 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Diamondback Energy by 5.8% during the first quarter. American International Group Inc. now owns 2,308 shares of the oil and natural gas company’s stock worth $239,000 after buying an additional 126 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Diamondback Energy during the first quarter worth approximately $257,000. Institutional investors own 98.59% of the company’s stock.

A number of research analysts have recently commented on the company. Scotiabank set a $95.00 price objective on Diamondback Energy and gave the company a “buy” rating in a research report on Saturday, July 1st. BidaskClub cut Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Morgan Stanley boosted their price objective on Diamondback Energy from $118.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday. Williams Capital boosted their price objective on Diamondback Energy from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Bank of America Corporation began coverage on Diamondback Energy in a research report on Wednesday, July 19th. They set a “buy” rating and a $115.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $122.13.

Diamondback Energy, Inc. (NASDAQ FANG) opened at 102.19 on Thursday. Diamondback Energy, Inc. has a 1-year low of $82.77 and a 1-year high of $114.00. The firm has a 50-day moving average price of $96.42 and a 200-day moving average price of $95.13. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 28.10 and a beta of 1.08.

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

In other news, VP Hof Matthew Kaes Van’t sold 650 shares of Diamondback Energy stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $88.49, for a total value of $57,518.50. Following the transaction, the vice president now owns 4,950 shares in the company, valued at approximately $438,025.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael L. Hollis sold 1,000 shares of Diamondback Energy stock in a transaction 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. In the last quarter, insiders sold 12,805 shares of company stock worth $1,239,381. Corporate insiders own 0.41% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Diamondback Energy, Inc. (FANG) Shares Sold by Parametric Portfolio Associates LLC” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/19/diamondback-energy-inc-fang-shares-sold-by-parametric-portfolio-associates-llc.html.

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

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