Wexford Capital LP decreased its stake in shares of Diamondback Energy Inc (NASDAQ:FANG) by 26.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 314,643 shares of the oil and natural gas company’s stock after selling 111,165 shares during the quarter. Diamondback Energy comprises 2.9% of Wexford Capital LP’s holdings, making the stock its 4th largest position. Wexford Capital LP owned 0.32% of Diamondback Energy worth $39,809,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Next Century Growth Investors LLC acquired a new position in shares of Diamondback Energy during the 1st quarter worth about $121,000. ClariVest Asset Management LLC boosted its position in shares of Diamondback Energy by 14,557.1% during the 1st quarter. ClariVest Asset Management LLC now owns 1,026 shares of the oil and natural gas company’s stock worth $130,000 after acquiring an additional 1,019 shares in the last quarter. Signaturefd LLC acquired a new stake in shares of Diamondback Energy in the 1st quarter valued at about $132,000. Zions Bancorporation acquired a new stake in shares of Diamondback Energy in the 1st quarter valued at about $136,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at about $149,000.
In other Diamondback Energy news, CFO Teresa L. Dick sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $136.98, for a total transaction of $342,450.00. Following the sale, the chief financial officer now directly owns 26,647 shares of the company’s stock, valued at $3,650,106.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Hof Matthew Kaes Van’t sold 832 shares of the company’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $128.46, for a total transaction of $106,878.72. Following the sale, the vice president now directly owns 6,897 shares in the company, valued at $885,988.62. The disclosure for this sale can be found here. Insiders have sold 8,332 shares of company stock valued at $1,079,729 in the last ninety days. 0.57% of the stock is owned by company insiders.
FANG has been the subject of a number of analyst reports. BidaskClub raised Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. Stifel Nicolaus set a $167.00 target price on Diamondback Energy and gave the company a “buy” rating in a report on Wednesday, March 28th. ValuEngine upgraded Diamondback Energy from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Jefferies Financial Group set a $162.00 price objective on Diamondback Energy and gave the company a “buy” rating in a research report on Monday, March 19th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $141.00 price objective on shares of Diamondback Energy in a research report on Friday, April 6th. Three equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $143.56.
Shares of NASDAQ:FANG opened at $131.57 on Friday. The firm has a market capitalization of $12.90 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 0.73 and a beta of 0.74. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.53 and a quick ratio of 0.52. Diamondback Energy Inc has a 1 year low of $82.77 and a 1 year high of $138.14.
Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, May 8th. The oil and natural gas company reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. The firm had revenue of $480.20 million during the quarter, compared to analyst estimates of $445.78 million. Diamondback Energy had a net margin of 35.09% and a return on equity of 10.53%. The business’s revenue was up 104.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. equities analysts anticipate that Diamondback Energy Inc will post 6.7 EPS for the current year.
Diamondback Energy Company Profile
Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.
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