BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $13.17 Million Stake in Diamondback Energy Inc (FANG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in Diamondback Energy Inc (NASDAQ:FANG) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,321 shares of the oil and natural gas company’s stock after selling 9,291 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Diamondback Energy were worth $13,171,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FANG. Nationwide Fund Advisors grew its position in Diamondback Energy by 5.7% during the third quarter. Nationwide Fund Advisors now owns 130,254 shares of the oil and natural gas company’s stock valued at $12,760,000 after buying an additional 7,000 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Diamondback Energy in the third quarter valued at approximately $206,000. American Century Companies Inc. boosted its position in shares of Diamondback Energy by 7.2% in the third quarter. American Century Companies Inc. now owns 16,854 shares of the oil and natural gas company’s stock valued at $1,651,000 after acquiring an additional 1,129 shares during the period. Prudential Financial Inc. boosted its position in shares of Diamondback Energy by 400.0% in the third quarter. Prudential Financial Inc. now owns 27,251 shares of the oil and natural gas company’s stock valued at $2,669,000 after acquiring an additional 21,801 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Diamondback Energy by 4.1% in the third quarter. New York State Common Retirement Fund now owns 289,282 shares of the oil and natural gas company’s stock valued at $28,338,000 after acquiring an additional 11,400 shares during the period.

How to Become a New Pot Stock Millionaire

Diamondback Energy Inc (FANG) opened at $127.96 on Monday. The company has a market cap of $12,561.45, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 0.71 and a beta of 0.91. Diamondback Energy Inc has a one year low of $82.77 and a one year high of $134.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.61 and a current ratio of 0.62.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.40 by $0.16. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%. The firm had revenue of $399.19 million for the quarter, compared to the consensus estimate of $370.74 million. sell-side analysts predict that Diamondback Energy Inc will post 6.91 EPS for the current fiscal year.

In related news, CEO Travis D. Stice sold 35,000 shares of Diamondback Energy stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total value of $4,375,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Randall J. Holder sold 7,120 shares of Diamondback Energy stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $124.15, for a total transaction of $883,948.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,431 shares of company stock worth $21,476,852. 0.41% of the stock is owned by insiders.

A number of equities analysts have recently commented on the stock. Stephens restated a “buy” rating and issued a $160.00 price objective on shares of Diamondback Energy in a research report on Tuesday, February 6th. BidaskClub lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Stifel Nicolaus set a $149.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, January 30th. UBS assumed coverage on shares of Diamondback Energy in a research report on Wednesday, March 7th. They issued a “buy” rating and a $155.00 price objective for the company. Finally, Morgan Stanley cut their price objective on shares of Diamondback Energy to $164.00 and set an “overweight” rating for the company in a research report on Wednesday, February 7th. Five analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $140.92.

WARNING: This story was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/3301229/british-columbia-investment-management-corp-has-13-17-million-stake-in-diamondback-energy-inc-fang.html.

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.

Want to see what other hedge funds are holding FANG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diamondback Energy Inc (NASDAQ:FANG).

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

Receive News & Ratings for Diamondback Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Whiting Petroleum  Sets New 52-Week High and Low at $40.47
Whiting Petroleum Sets New 52-Week High and Low at $40.47
SilverBow Resources  Reaches New 52-Week High and Low at $34.76
SilverBow Resources Reaches New 52-Week High and Low at $34.76
Financial Comparison: Service Co. International  versus Yelp
Financial Comparison: Service Co. International versus Yelp
Critical Contrast: Morgan Stanley  and Its Competitors
Critical Contrast: Morgan Stanley and Its Competitors
Barfresh Food Group  vs. Lamb Weston  Head to Head Survey
Barfresh Food Group vs. Lamb Weston Head to Head Survey
Royal Bank of Canada Increases American Express  Price Target to $86.00
Royal Bank of Canada Increases American Express Price Target to $86.00


© 2006-2018 Ticker Report. Google+.