Sei Investments Co. Has $11.53 Million Position in Diamondback Energy, Inc. (FANG)

Sei Investments Co. decreased its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 46.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,666 shares of the oil and natural gas company’s stock after selling 100,487 shares during the quarter. Sei Investments Co. owned approximately 0.12% of Diamondback Energy worth $11,527,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FANG. American International Group Inc. grew its stake in shares of Diamondback Energy by 5.8% in the first quarter. American International Group Inc. now owns 2,308 shares of the oil and natural gas company’s stock worth $239,000 after purchasing an additional 126 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Diamondback Energy by 18.0% in the first quarter. Principal Financial Group Inc. now owns 12,937 shares of the oil and natural gas company’s stock worth $1,342,000 after purchasing an additional 1,978 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Diamondback Energy by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 383,533 shares of the oil and natural gas company’s stock worth $39,773,000 after purchasing an additional 13,011 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Diamondback Energy by 15.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 3,468 shares of the oil and natural gas company’s stock worth $360,000 after purchasing an additional 467 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in shares of Diamondback Energy by 517.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 14,593 shares of the oil and natural gas company’s stock worth $1,296,000 after purchasing an additional 12,231 shares during the last quarter.

Shares of Diamondback Energy, Inc. (FANG) opened at $107.54 on Friday. Diamondback Energy, Inc. has a 52-week low of $82.77 and a 52-week high of $114.93. The stock has a market cap of $10,556.88, a PE ratio of 23.03, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10. 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 (NASDAQ:FANG) last released its earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.31. The firm had revenue of $301.30 million during the quarter, compared to the consensus estimate of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The company’s revenue was up 112.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) EPS. equities analysts predict that Diamondback Energy, Inc. will post 5.01 earnings per share for the current fiscal year.

In other Diamondback Energy news, VP Paul Molnar sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $95.04, for a total value of $475,200.00. Following the sale, the vice president now directly owns 42,563 shares in the company, valued at approximately $4,045,187.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Hof Matthew Kaes Van’t sold 650 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $88.49, for a total transaction of $57,518.50. Following the completion of the sale, the vice president now owns 4,950 shares in the company, valued at $438,025.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,805 shares of company stock valued at $2,446,531. 0.41% of the stock is owned by insiders.

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FANG has been the topic of several analyst reports. BidaskClub cut shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Roth Capital boosted their target price on shares of Diamondback Energy from $120.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, July 27th. BMO Capital Markets set a $100.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, August 1st. Morgan Stanley boosted their target price on shares of Diamondback Energy from $118.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Finally, Williams Capital set a $114.00 target price on shares of Diamondback Energy and gave the company a “hold” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the stock. Diamondback Energy currently has a consensus rating of “Buy” and a consensus target price of $124.54.

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.

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

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