Castleton Investment Management LLC lowered its holdings in shares of Diamondback Energy Inc (NASDAQ:FANG) by 50.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the oil and natural gas company’s stock after selling 10,000 shares during the period. Castleton Investment Management LLC’s holdings in Diamondback Energy were worth $980,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Johnson Financial Group Inc. acquired a new stake in Diamondback Energy during the second quarter worth $102,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at $206,000. Commerce Bank acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at $208,000. Cubist Systematic Strategies LLC boosted its stake 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 valued at $195,000 after purchasing an additional 700 shares in the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at $237,000.
Several equities research analysts have recently commented on FANG shares. Barclays boosted their target price on shares of Diamondback Energy from $105.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. Zacks Investment Research downgraded shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Jefferies Group started coverage on shares of Diamondback Energy in a research note on Monday, October 9th. They issued a “buy” rating and a $124.00 target price on the stock. Northland Securities restated a “buy” rating and issued a $125.00 target price on shares of Diamondback Energy in a research note on Tuesday, September 26th. Finally, Citigroup started coverage on shares of Diamondback Energy in a research note on Friday, December 1st. They issued a “buy” rating and a $130.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Diamondback Energy presently has an average rating of “Buy” and a consensus target price of $126.88.
In other Diamondback Energy news, VP Russell Pantermuehl sold 2,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $111.45, for a total transaction of $222,900.00. Following the completion of the sale, the vice president now directly owns 63,314 shares of the company’s stock, valued at approximately $7,056,345.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Teresa L. Dick sold 5,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $111.79, for a total value of $558,950.00. Following the sale, the chief financial officer now directly owns 31,760 shares of the company’s stock, valued at $3,550,450.40. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $2,597,690 over the last ninety days. 0.41% of the stock is currently owned by company insiders.
Diamondback Energy Inc (FANG) opened at $109.06 on Wednesday. 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 twelve month low of $82.77 and a twelve month high of $114.93. The stock has a market capitalization of $10,887.73, a PE ratio of 23.75, a P/E/G ratio of 0.80 and a beta of 1.09.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.31. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The business had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $296.53 million. During the same period in the previous year, the business posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 112.0% compared to the same quarter last year. research analysts predict that Diamondback Energy Inc will post 5.02 EPS 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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