Trade Report: Today, Diamondback Energy Inc. (FANG) COO Sold $1,040,000.00 in Stock

Today, Diamondback Energy Inc. (FANG) COO Sold $1,040,000.00 in Stock

Diamondback Energy Inc. (NASDAQ:FANG) COO Michael L. Hollis sold 10,000 shares of the stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $104.00, for a total transaction of $1,040,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Diamondback Energy Inc. (NASDAQ:FANG) opened at 100.90 on Monday. The firm’s market cap is $7.87 billion. The company has a 50 day moving average of $94.88 and a 200 day moving average of $89.69. Diamondback Energy Inc. has a 52 week low of $55.48 and a 52 week high of $106.84.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, August 2nd. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.10. Diamondback Energy had a negative net margin of 124.95% and a positive return on equity of 3.82%. The firm earned $112.48 million during the quarter, compared to analyst estimates of $112.47 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Diamondback Energy Inc. will post $1.00 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in Diamondback Energy by 0.4% in the first quarter. Wellington Management Group LLP now owns 7,512,803 shares of the company’s stock valued at $579,839,000 after buying an additional 26,247 shares during the last quarter. Geode Capital Management LLC raised its stake in Diamondback Energy by 12.0% in the first quarter. Geode Capital Management LLC now owns 466,203 shares of the company’s stock valued at $35,981,000 after buying an additional 49,821 shares during the last quarter. Rafferty Asset Management LLC acquired a new stake in Diamondback Energy during the first quarter valued at $489,000. State Street Corp raised its stake in Diamondback Energy by 2.1% in the first quarter. State Street Corp now owns 1,268,725 shares of the company’s stock valued at $97,921,000 after buying an additional 26,576 shares during the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in Diamondback Energy during the first quarter valued at $2,248,000. Hedge funds and other institutional investors own 99.74% of the company’s stock.

A number of equities research analysts have issued reports on FANG shares. Roth Capital reiterated a “hold” rating on shares of Diamondback Energy in a report on Tuesday, July 12th. Barclays PLC increased their target price on shares of Diamondback Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 14th. Wunderlich increased their target price on shares of Diamondback Energy from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Diamondback Energy in a report on Monday, July 18th. Finally, Williams Capital reiterated a “hold” rating and set a $112.00 target price (up from $105.00) on shares of Diamondback Energy in a report on Monday, October 10th. Six equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.86.

Diamondback Energy Company Profile

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