Keybank National Association OH Buys 4,593 Shares of Diamondback Energy Inc (FANG)

Keybank National Association OH grew its stake in shares of Diamondback Energy Inc (NASDAQ:FANG) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 221,987 shares of the oil and natural gas company’s stock after purchasing an additional 4,593 shares during the period. Keybank National Association OH owned about 0.23% of Diamondback Energy worth $28,026,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Boston Partners lifted its stake in Diamondback Energy by 18.1% in the third quarter. Boston Partners now owns 7,874,429 shares of the oil and natural gas company’s stock valued at $771,379,000 after purchasing an additional 1,208,864 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Diamondback Energy by 33.7% in the third quarter. Eagle Asset Management Inc. now owns 1,263,001 shares of the oil and natural gas company’s stock valued at $126,300,000 after purchasing an additional 318,035 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Diamondback Energy by 15.9% in the third quarter. Artisan Partners Limited Partnership now owns 2,141,967 shares of the oil and natural gas company’s stock valued at $209,827,000 after purchasing an additional 294,048 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in Diamondback Energy in the third quarter valued at approximately $28,064,000. Finally, Ameriprise Financial Inc. lifted its stake in Diamondback Energy by 59.7% in the third quarter. Ameriprise Financial Inc. now owns 580,057 shares of the oil and natural gas company’s stock valued at $56,838,000 after purchasing an additional 216,867 shares during the last quarter.

Diamondback Energy Inc (FANG) opened at $122.83 on Thursday. The company has a market capitalization of $11,292.18, a price-to-earnings ratio of 21.58, a P/E/G ratio of 0.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45. Diamondback Energy Inc has a 12 month low of $82.77 and a 12 month high of $134.52.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.16. The business had revenue of $399.19 million for the quarter, compared to analysts’ expectations of $370.74 million. Diamondback Energy had a return on equity of 9.74% and a net margin of 40.02%. equities analysts forecast that Diamondback Energy Inc will post 7.14 EPS for the current year.

Several equities analysts recently commented on the company. Northland Securities set a $140.00 price objective on Diamondback Energy and gave the company a “buy” rating in a research note on Wednesday. Williams Capital set a $137.00 price objective on Diamondback Energy and gave the company a “hold” rating in a research note on Wednesday. B. Riley assumed coverage on Diamondback Energy in a research note on Monday, February 5th. They issued a “neutral” rating and a $150.00 price objective on the stock. Morgan Stanley dropped their price objective on Diamondback Energy to $164.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research note on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Diamondback Energy has a consensus rating of “Buy” and a consensus target price of $136.70.

In other news, insider Michael L. Hollis sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $129.34, for a total transaction of $388,020.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael L. Hollis sold 10,000 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 68,400 shares of company stock worth $8,337,200. 0.41% of the stock is owned by insiders.

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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.

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

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