Diamondback Energy Inc (FANG) Insider Michael L. Hollis Sells 3,000 Shares

Diamondback Energy Inc (NASDAQ:FANG) insider Michael L. Hollis sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $129.34, for a total value of $388,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Diamondback Energy Inc (FANG) traded down $0.82 during mid-day trading on Friday, reaching $110.51. The company had a trading volume of 1,760,440 shares, compared to its average volume of 1,223,300. Diamondback Energy Inc has a fifty-two week low of $82.77 and a fifty-two week high of $134.52. The company has a market capitalization of $10,848.44, a PE ratio of 26.76, a P/E/G ratio of 0.57 and a beta of 0.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45.

Several research firms recently issued reports on FANG. BidaskClub lowered Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley dropped their price target on Diamondback Energy to $164.00 and set an “overweight” rating on the stock in a research report on Wednesday. Stephens reissued a “buy” rating and set a $160.00 price target on shares of Diamondback Energy in a research report on Tuesday, February 6th. B. Riley began coverage on Diamondback Energy in a research report on Monday, February 5th. They set a “neutral” rating and a $150.00 price target on the stock. Finally, Deutsche Bank began coverage on Diamondback Energy in a research report on Thursday, February 1st. They set a “buy” rating and a $162.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Diamondback Energy currently has an average rating of “Buy” and a consensus target price of $135.11.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Diamondback Energy by 1.6% during the second quarter. FMR LLC now owns 11,609,146 shares of the oil and natural gas company’s stock valued at $1,031,009,000 after purchasing an additional 185,890 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Diamondback Energy by 8.9% during the second quarter. Vanguard Group Inc. now owns 7,988,153 shares of the oil and natural gas company’s stock valued at $709,428,000 after purchasing an additional 651,353 shares during the last quarter. Boston Partners lifted its holdings in shares of Diamondback Energy by 18.1% during the third quarter. Boston Partners now owns 7,874,429 shares of the oil and natural gas company’s stock valued at $771,379,000 after purchasing an additional 1,208,864 shares during the last quarter. Warburg Pincus LLC lifted its holdings in shares of Diamondback Energy by 132.4% during the second quarter. Warburg Pincus LLC now owns 6,532,915 shares of the oil and natural gas company’s stock valued at $580,188,000 after purchasing an additional 3,721,519 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Diamondback Energy by 4.9% during the second quarter. BlackRock Inc. now owns 4,936,470 shares of the oil and natural gas company’s stock valued at $438,409,000 after purchasing an additional 229,276 shares during the last quarter.

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About Diamondback Energy

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.

Insider Buying and Selling by Quarter for Diamondback Energy (NASDAQ:FANG)

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