Russell Pantermuehl Sells 4,000 Shares of Diamondback Energy, Inc. (FANG) Stock

Diamondback Energy, Inc. (NASDAQ:FANG) VP Russell Pantermuehl sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $109.55, for a total transaction of $438,200.00. Following the transaction, the vice president now directly owns 64,214 shares in the company, valued at approximately $7,034,643.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Russell Pantermuehl also recently made the following trade(s):

  • On Wednesday, September 20th, Russell Pantermuehl sold 4,000 shares of Diamondback Energy stock. The shares were sold at an average price of $96.89, for a total transaction of $387,560.00.

Diamondback Energy, Inc. (NASDAQ:FANG) opened at $108.27 on Wednesday. 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, Inc. has a 12-month low of $82.77 and a 12-month high of $114.93. The stock has a market capitalization of $10,893.62, a P/E ratio of 23.76, a P/E/G ratio of 0.81 and a beta of 1.10.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.31. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The business had revenue of $301.30 million during the quarter, compared to analyst estimates of $296.53 million. During the same period in the previous year, the firm earned ($0.03) EPS. Diamondback Energy’s quarterly revenue was up 112.0% compared to the same quarter last year. research analysts anticipate that Diamondback Energy, Inc. will post 5.01 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the business. Viking Fund Management LLC boosted its position in Diamondback Energy by 6.3% during the 3rd quarter. Viking Fund Management LLC now owns 220,000 shares of the oil and natural gas company’s stock worth $21,551,000 after acquiring an additional 13,000 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in Diamondback Energy by 964.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,847,919 shares of the oil and natural gas company’s stock worth $164,114,000 after acquiring an additional 1,674,336 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in Diamondback Energy by 8,536.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 767,052 shares of the oil and natural gas company’s stock worth $8,637,000 after acquiring an additional 758,170 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Diamondback Energy by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 831,952 shares of the oil and natural gas company’s stock worth $73,887,000 after acquiring an additional 62,224 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Diamondback Energy by 4.9% during the 2nd quarter. BlackRock Inc. now owns 4,936,470 shares of the oil and natural gas company’s stock worth $438,409,000 after acquiring an additional 229,276 shares during the last quarter.

FANG has been the topic of several recent research reports. Imperial Capital assumed coverage on shares of Diamondback Energy in a research report on Tuesday, July 18th. They set an “outperform” rating and a $110.00 price objective on the stock. BidaskClub raised shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Bank of America Corporation assumed coverage on shares of Diamondback Energy in a research note on Wednesday, July 19th. They issued a “buy” rating and a $115.00 price objective on the stock. Wells Fargo & Company restated an “outperform” rating and issued a $110.00 price objective (down previously from $125.00) on shares of Diamondback Energy in a research note on Saturday, July 22nd. Finally, Roth Capital raised their price objective on shares of Diamondback Energy from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company’s stock. Diamondback Energy has a consensus rating of “Buy” and a consensus price target of $124.83.

About Diamondback Energy

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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