Diamondback Energy Inc (NASDAQ:FANG) VP Hof Matthew Kaes Van’t sold 140 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $120.61, for a total value of $16,885.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Hof Matthew Kaes Van’t also recently made the following trade(s):
- On Wednesday, June 20th, Hof Matthew Kaes Van’t sold 832 shares of Diamondback Energy stock. The shares were sold at an average price of $128.46, for a total value of $106,878.72.
Diamondback Energy stock traded down $1.63 during mid-day trading on Friday, hitting $112.86. 23,169 shares of the company were exchanged, compared to its average volume of 2,172,207. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 0.54. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 0.72 and a beta of 0.62. Diamondback Energy Inc has a 12-month low of $87.84 and a 12-month high of $138.25.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Wednesday, August 8th. The oil and natural gas company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.05). The company had revenue of $526.30 million for the quarter, compared to analysts’ expectations of $479.57 million. Diamondback Energy had a return on equity of 10.56% and a net margin of 33.37%. The business’s quarterly revenue was up 95.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. analysts forecast that Diamondback Energy Inc will post 6.46 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 27th. Shareholders of record on Monday, August 20th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.44%. The ex-dividend date was Friday, August 17th. Diamondback Energy’s payout ratio is 9.43%.
Several analysts have recently commented on the company. BidaskClub raised Diamondback Energy from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. Williams Capital set a $165.00 price target on Diamondback Energy and gave the company a “hold” rating in a report on Wednesday, August 15th. BMO Capital Markets cut Diamondback Energy from an “outperform” rating to a “market perform” rating and set a $150.00 price target for the company. in a report on Wednesday, August 15th. ValuEngine cut Diamondback Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Morgan Stanley raised their price target on Diamondback Energy from $163.00 to $176.00 and gave the company an “overweight” rating in a report on Thursday, July 12th. Five analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Diamondback Energy presently has an average rating of “Buy” and a consensus price target of $154.18.
A number of institutional investors have recently added to or reduced their stakes in the business. HRT Financial LLC purchased a new stake in shares of Diamondback Energy in the second quarter valued at $260,000. Mainstay Capital Management LLC ADV grew its position in shares of Diamondback Energy by 3,797.1% in the second quarter. Mainstay Capital Management LLC ADV now owns 75,993 shares of the oil and natural gas company’s stock valued at $783,000 after purchasing an additional 74,043 shares during the period. Advisors Asset Management Inc. grew its position in shares of Diamondback Energy by 1.2% in the second quarter. Advisors Asset Management Inc. now owns 54,376 shares of the oil and natural gas company’s stock valued at $7,154,000 after purchasing an additional 652 shares during the period. Energy Opportunities Capital Management LLC grew its position in shares of Diamondback Energy by 26.2% in the second quarter. Energy Opportunities Capital Management LLC now owns 12,275 shares of the oil and natural gas company’s stock valued at $1,615,000 after purchasing an additional 2,550 shares during the period. Finally, Andra AP fonden purchased a new stake in shares of Diamondback Energy in the second quarter valued at $2,000,000.
About Diamondback Energy
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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