Sciencast Management LP increased its holdings in Diamondback Energy Inc (NASDAQ:FANG) by 108.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,550 shares of the oil and natural gas company’s stock after purchasing an additional 4,450 shares during the period. Sciencast Management LP’s holdings in Diamondback Energy were worth $888,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ranger Investment Management L.P. purchased a new position in Diamondback Energy in the 4th quarter worth approximately $25,000. Legacy Financial Advisors Inc. purchased a new position in Diamondback Energy in the 4th quarter worth approximately $30,000. Webster Bank N. A. purchased a new position in Diamondback Energy in the 4th quarter worth approximately $36,000. Bronfman E.L. Rothschild L.P. increased its stake in Diamondback Energy by 136.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 400 shares of the oil and natural gas company’s stock worth $37,000 after acquiring an additional 231 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Diamondback Energy by 114.4% in the 4th quarter. Rehmann Capital Advisory Group now owns 401 shares of the oil and natural gas company’s stock worth $37,000 after acquiring an additional 214 shares during the last quarter.
A number of analysts have issued reports on FANG shares. Morgan Stanley lifted their price objective on Diamondback Energy from $147.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday, February 21st. Barclays started coverage on Diamondback Energy in a research note on Wednesday, January 16th. They issued an “overweight” rating and a $189.00 price objective on the stock. ValuEngine raised Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $148.00 price objective on shares of Diamondback Energy in a research note on Monday, March 11th. Finally, Oppenheimer set a $158.00 price objective on Diamondback Energy and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Diamondback Energy presently has a consensus rating of “Buy” and a consensus price target of $158.27.
NASDAQ FANG opened at $105.96 on Tuesday. The company has a market cap of $17.47 billion, a PE ratio of 18.05, a P/E/G ratio of 0.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 0.91. Diamondback Energy Inc has a fifty-two week low of $85.19 and a fifty-two week high of $140.78.
Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, February 19th. The oil and natural gas company reported $1.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.41). The company had revenue of $633.06 million for the quarter, compared to the consensus estimate of $663.21 million. Diamondback Energy had a net margin of 38.84% and a return on equity of 7.83%. On average, equities analysts expect that Diamondback Energy Inc will post 7.77 earnings per share for the current year.
In other Diamondback Energy news, CFO Hof Matthew Kaes Van’t sold 1,700 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $101.82, for a total value of $173,094.00. Following the transaction, the chief financial officer now owns 28,965 shares of the company’s stock, valued at approximately $2,949,216.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer Soliman sold 350 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $104.41, for a total value of $36,543.50. Following the completion of the transaction, the vice president now directly owns 2,624 shares in the company, valued at approximately $273,971.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,050 shares of company stock worth $626,158. Corporate insiders own 0.57% of the company’s stock.
Diamondback Energy Profile
Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.
See Also: Understanding Options Trading
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).
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.