Diamondback Energy Inc (FANG) Stake Lifted by Shaker Investments LLC OH

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Shaker Investments LLC OH raised its position in Diamondback Energy Inc (NASDAQ:FANG) by 215.3% during the third quarter, HoldingsChannel.com reports. The firm owned 9,145 shares of the oil and natural gas company’s stock after purchasing an additional 6,245 shares during the period. Shaker Investments LLC OH’s holdings in Diamondback Energy were worth $1,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Hawaiian Bank acquired a new position in shares of Diamondback Energy in the 3rd quarter worth approximately $121,000. Captrust Financial Advisors lifted its position in shares of Diamondback Energy by 99.8% in the 2nd quarter. Captrust Financial Advisors now owns 995 shares of the oil and natural gas company’s stock worth $131,000 after purchasing an additional 497 shares during the period. Wedbush Securities Inc. acquired a new position in shares of Diamondback Energy in the 2nd quarter worth approximately $201,000. Private Advisor Group LLC acquired a new position in shares of Diamondback Energy in the 2nd quarter worth approximately $204,000. Finally, Ingalls & Snyder LLC acquired a new position in shares of Diamondback Energy in the 3rd quarter worth approximately $212,000.

FANG has been the topic of a number of recent analyst reports. Piper Jaffray Companies restated an “overweight” rating on shares of Diamondback Energy in a research report on Friday, September 28th. TD Securities initiated coverage on shares of Diamondback Energy in a research report on Thursday, July 5th. They issued a “buy” rating and a $165.00 price target on the stock. Oppenheimer initiated coverage on shares of Diamondback Energy in a research report on Wednesday, October 3rd. They issued an “outperform” rating and a $166.00 price target on the stock. Stifel Nicolaus set a $166.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a research report on Thursday, July 19th. Finally, Morgan Stanley boosted their price target on shares of Diamondback Energy from $163.00 to $176.00 and gave the stock an “overweight” rating in a research report on Thursday, July 12th. Four investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $156.31.

FANG stock traded up $1.72 during midday trading on Tuesday, reaching $109.89. 116,526 shares of the company’s stock traded hands, compared to its average volume of 1,544,479. The firm has a market capitalization of $11.23 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.71 and a beta of 0.59. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33. Diamondback Energy Inc has a 52 week low of $104.75 and a 52 week high of $140.78.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Wednesday, August 8th. The oil and natural gas company reported $1.59 EPS for the quarter, missing the Zacks’ consensus estimate of $1.64 by ($0.05). The business had revenue of $526.30 million for the quarter, compared to the consensus estimate of $479.57 million. Diamondback Energy had a net margin of 33.37% and a return on equity of 10.56%. The business’s revenue for the quarter was up 95.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 EPS. On average, equities analysts predict that Diamondback Energy Inc will post 6.48 earnings per share for the current fiscal year.

In other Diamondback Energy news, VP Russell Pantermuehl sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $127.80, for a total transaction of $255,600.00. Following the completion of the sale, the vice president now owns 89,532 shares in the company, valued at approximately $11,442,189.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

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

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