Diamondback Energy Inc (FANG) VP Jennifer Soliman Sells 183 Shares

Diamondback Energy Inc (NASDAQ:FANG) VP Jennifer Soliman sold 183 shares of Diamondback Energy stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $126.38, for a total transaction of $23,127.54. Following the completion of the transaction, the vice president now directly owns 1,686 shares of the company’s stock, valued at approximately $213,076.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Diamondback Energy Inc (NASDAQ FANG) traded down $1.83 during midday trading on Thursday, hitting $120.98. 1,260,500 shares of the stock were exchanged, compared to its average volume of 1,408,591. The company has a current ratio of 0.62, a quick ratio of 0.61 and a debt-to-equity ratio of 0.26. The firm has a market cap of $12,055.92, a PE ratio of 24.89, a PEG ratio of 0.68 and a beta of 0.91. Diamondback Energy Inc has a one year low of $82.77 and a one year high of $134.52.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.16. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%. The business had revenue of $399.19 million during the quarter, compared to analysts’ expectations of $370.74 million. equities analysts anticipate that Diamondback Energy Inc will post 6.97 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of FANG. Captrust Financial Advisors acquired a new stake in Diamondback Energy in the 4th quarter worth about $149,000. IFP Advisors Inc raised its stake in Diamondback Energy by 42.6% in the 4th quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock worth $164,000 after purchasing an additional 389 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Diamondback Energy by 476.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the oil and natural gas company’s stock worth $178,000 after purchasing an additional 1,167 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Diamondback Energy by 46.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,200 shares of the oil and natural gas company’s stock worth $195,000 after purchasing an additional 700 shares in the last quarter. Finally, KCS Wealth Advisory acquired a new stake in Diamondback Energy in the 4th quarter worth about $202,000.

A number of research analysts have recently commented on the stock. Credit Suisse Group set a $143.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on shares of Diamondback Energy from $138.00 to $167.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Piper Jaffray Companies reissued a “buy” rating and issued a $138.00 price objective on shares of Diamondback Energy in a research report on Tuesday, January 9th. Stifel Nicolaus set a $149.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Mizuho set a $148.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Diamondback Energy presently has an average rating of “Buy” and an average target price of $137.60.

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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.

Insider Buying and Selling by Quarter for Diamondback Energy (NASDAQ:FANG)

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