Diamondback Energy Inc (FANG) Insider Sells $416,520.00 in Stock

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Diamondback Energy Inc (NASDAQ:FANG) insider Randall J. Holder sold 4,000 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $104.13, for a total transaction of $416,520.00. Following the transaction, the insider now owns 14,448 shares in the company, valued at $1,504,470.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

FANG opened at $105.91 on Friday. The company has a market cap of $17.29 billion, a PE ratio of 18.04, a PEG ratio of 0.66 and a beta of 0.80. Diamondback Energy Inc has a 52-week low of $85.19 and a 52-week high of $140.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 0.91.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Tuesday, February 19th. The oil and natural gas company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.41). The firm had revenue of $633.06 million for the quarter, compared to analysts’ expectations of $663.21 million. Diamondback Energy had a net margin of 38.84% and a return on equity of 7.83%. Equities research analysts predict that Diamondback Energy Inc will post 7.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 21st were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, February 20th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.47%. Diamondback Energy’s dividend payout ratio is currently 8.52%.

Several research analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Diamondback Energy in a report on Monday, December 3rd. They set a “buy” rating and a $177.00 price objective on the stock. Cowen initiated coverage on shares of Diamondback Energy in a report on Thursday, November 29th. They issued an “outperform” rating on the stock. Morgan Stanley raised their price target on shares of Diamondback Energy from $147.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, February 21st. BidaskClub upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a report on Friday, January 11th. Finally, ValuEngine upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $159.41.

Institutional investors and hedge funds have recently bought and sold shares of the company. Ranger Investment Management L.P. purchased a new stake in shares of Diamondback Energy during the fourth quarter valued at approximately $25,000. Legacy Financial Advisors Inc. purchased a new stake in shares of Diamondback Energy during the fourth quarter valued at approximately $30,000. Oregon Public Employees Retirement Fund raised its stake in shares of Diamondback Energy by 28,126.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,981,881 shares of the oil and natural gas company’s stock valued at $32,000 after purchasing an additional 2,971,317 shares during the period. Webster Bank N. A. purchased a new stake in shares of Diamondback Energy during the fourth quarter valued at approximately $36,000. Finally, Rehmann Capital Advisory Group raised its stake in shares of Diamondback Energy by 114.4% during the fourth quarter. Rehmann Capital Advisory Group now owns 401 shares of the oil and natural gas company’s stock valued at $37,000 after purchasing an additional 214 shares during the period. Institutional investors own 99.23% of the company’s stock.

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About Diamondback Energy

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

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