Diamondback Energy Inc (FANG) CFO Hof Matthew Kaes Van’t Sells 1,700 Shares

Diamondback Energy Inc (NASDAQ:FANG) CFO Hof Matthew Kaes Van’t sold 1,700 shares of Diamondback Energy stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $101.82, for a total value of $173,094.00. Following the completion of the sale, the chief financial officer now owns 28,965 shares of the company’s stock, valued at approximately $2,949,216.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hof Matthew Kaes Van’t also recently made the following trade(s):

  • On Thursday, December 20th, Hof Matthew Kaes Van’t sold 1,000 shares of Diamondback Energy stock. The shares were sold at an average price of $89.91, for a total value of $89,910.00.

Diamondback Energy stock opened at $102.39 on Friday. The company has a market cap of $16.52 billion, a P/E ratio of 17.44, a P/E/G ratio of 0.64 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. Diamondback Energy Inc has a one year low of $85.19 and a one year high of $140.78.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, February 19th. The oil and natural gas company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.41). The company had revenue of $633.06 million for the quarter, compared to analyst estimates of $663.21 million. Diamondback Energy had a return on equity of 7.83% and a net margin of 38.84%. Sell-side analysts expect that Diamondback Energy Inc will post 7.57 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Thursday, February 21st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.49%. The ex-dividend date was Wednesday, February 20th. Diamondback Energy’s dividend payout ratio (DPR) is presently 8.52%.

Institutional investors have recently added to or reduced their stakes in the stock. Ranger Investment Management L.P. acquired a new position in Diamondback Energy during the 4th quarter worth approximately $25,000. Legacy Financial Advisors Inc. acquired a new position in Diamondback Energy during the 4th quarter worth approximately $30,000. Oregon Public Employees Retirement Fund lifted its position in Diamondback Energy by 28,126.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,981,881 shares of the oil and natural gas company’s stock worth $32,000 after acquiring an additional 2,971,317 shares in the last quarter. Webster Bank N. A. acquired a new position in Diamondback Energy during the 4th quarter worth approximately $36,000. Finally, Rehmann Capital Advisory Group lifted its position in Diamondback Energy by 114.4% during the 4th quarter. Rehmann Capital Advisory Group now owns 401 shares of the oil and natural gas company’s stock worth $37,000 after acquiring an additional 214 shares in the last quarter.

Several analysts have commented on the company. Jefferies Financial Group assumed coverage on Diamondback Energy in a report on Monday, December 3rd. They issued a “buy” rating and a $177.00 price target for the company. Cowen started coverage on Diamondback Energy in a research note on Thursday, November 29th. They issued an “outperform” rating on the stock. Morgan Stanley reduced their price objective on Diamondback Energy from $171.00 to $153.00 and set a “buy” rating on the stock in a research note on Tuesday, November 20th. BidaskClub raised Diamondback Energy from a “hold” rating to a “buy” rating in a research note on Friday, January 11th. Finally, Stephens started coverage on Diamondback Energy in a research note on Thursday, December 6th. They issued an “overweight” rating and a $177.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Diamondback Energy currently has a consensus rating of “Buy” and a consensus price target of $159.86.

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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.

Further Reading: Quiet Period

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