Ninepoint Partners LP bought a new position in Diamondback Energy Inc (NASDAQ:FANG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,040 shares of the oil and natural gas company’s stock, valued at approximately $258,000.
Other large investors have also modified their holdings of the company. IFP Advisors Inc raised its position in Diamondback Energy by 42.6% in the 4th quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock worth $164,000 after buying an additional 389 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Diamondback Energy by 476.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the oil and natural gas company’s stock worth $178,000 after buying an additional 1,167 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in 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 worth $195,000 after buying an additional 700 shares during the last quarter. KCS Wealth Advisory purchased a new position in Diamondback Energy in the 4th quarter worth about $202,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Diamondback Energy in the 3rd quarter worth about $206,000.
In other Diamondback Energy news, CEO Travis D. Stice sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $125.00, for a total value of $4,375,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Travis D. Stice sold 87,150 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $125.20, for a total value of $10,911,180.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 199,331 shares of company stock valued at $24,723,607. 0.41% of the stock is currently owned by corporate insiders.
Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.16. The company had revenue of $399.19 million during the quarter, compared to the consensus estimate of $370.74 million. Diamondback Energy had a return on equity of 9.63% and a net margin of 40.02%. research analysts predict that Diamondback Energy Inc will post 6.98 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. Piper Jaffray Companies set a $142.00 price target on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Monday. BidaskClub raised shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Wednesday. B. Riley assumed coverage on shares of Diamondback Energy in a research report on Monday, February 5th. They set a “neutral” rating and a $150.00 price target for the company. Morgan Stanley reduced their price target on shares of Diamondback Energy to $164.00 and set an “overweight” rating for the company in a research report on Wednesday, February 7th. Finally, Zacks Investment Research raised shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a research report on Wednesday, January 17th. Four equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $137.76.
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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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