First National Bank of Omaha reduced its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,437 shares of the oil and natural gas company’s stock after selling 846 shares during the period. First National Bank of Omaha’s holdings in Diamondback Energy were worth $3,414,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in FANG. Toronto Dominion Bank increased its stake in Diamondback Energy by 26.2% in the first quarter. Toronto Dominion Bank now owns 969 shares of the oil and natural gas company’s stock valued at $100,000 after buying an additional 201 shares during the last quarter. Winch Advisory Services LLC purchased a new stake in Diamondback Energy during the first quarter worth about $105,000. State of Alaska Department of Revenue purchased a new stake in Diamondback Energy during the first quarter worth about $180,000. Stevens Capital Management LP purchased a new stake in Diamondback Energy during the first quarter worth about $201,000. Finally, Teza Capital Management LLC purchased a new stake in Diamondback Energy during the first quarter worth about $202,000. Institutional investors own 97.20% of the company’s stock.
Diamondback Energy, Inc. (NASDAQ FANG) traded down 0.215% during trading on Monday, hitting $95.005. The stock had a trading volume of 536,756 shares. The company has a market cap of $9.32 billion, a PE ratio of 2021.383 and a beta of 1.06. Diamondback Energy, Inc. has a 12 month low of $82.77 and a 12 month high of $114.00. The company’s 50 day moving average is $89.98 and its 200-day moving average is $98.63.
Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Tuesday, August 1st. The oil and natural gas company reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.44. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. The firm had revenue of $267.40 million for the quarter, compared to the consensus estimate of $258.75 million. During the same quarter last year, the business posted $0.26 earnings per share. The firm’s revenue was up 137.7% compared to the same quarter last year. On average, equities research analysts predict that Diamondback Energy, Inc. will post $4.37 earnings per share for the current year.
A number of equities research analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Diamondback Energy in a research note on Wednesday, April 12th. They set a “buy” rating and a $123.00 price target for the company. Barclays PLC restated an “equal weight” rating and set a $110.00 price target (down from $123.00) on shares of Diamondback Energy in a research note on Saturday, April 22nd. Scotiabank restated a “buy” rating and set a $121.00 price target on shares of Diamondback Energy in a research note on Thursday, May 4th. Piper Jaffray Companies restated an “overweight” rating and set a $141.00 price target on shares of Diamondback Energy in a research note on Thursday, May 25th. Finally, Williams Capital restated a “hold” rating and set a $120.00 price target on shares of Diamondback Energy in a research note on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $115.31.
In other Diamondback Energy news, Director Steven E. West bought 2,400 shares of Diamondback Energy stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $103.45 per share, for a total transaction of $248,280.00. Following the completion of the transaction, the director now directly owns 2,400 shares of the company’s stock, valued at $248,280. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark Lawrence Plaumann sold 1,000 shares of Diamondback Energy stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $101.52, for a total value of $101,520.00. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.
Diamondback Energy Company Profile
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.
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