Russell Pantermuehl Sells 5,000 Shares of Diamondback Energy Inc (NASDAQ:FANG) Stock

Diamondback Energy Inc (NASDAQ:FANG) VP Russell Pantermuehl sold 5,000 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $107.28, for a total transaction of $536,400.00. Following the sale, the vice president now directly owns 112,107 shares of the company’s stock, valued at $12,026,838.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Tuesday, May 21st, Russell Pantermuehl sold 5,000 shares of Diamondback Energy stock. The stock was sold at an average price of $112.18, for a total transaction of $560,900.00.

Shares of Diamondback Energy stock opened at $107.23 on Thursday. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 0.65 and a beta of 0.83. The firm has a 50-day moving average of $104.00. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 0.32. Diamondback Energy Inc has a 1 year low of $85.19 and a 1 year high of $140.78.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Tuesday, May 7th. The oil and natural gas company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.03. The business had revenue of $864.00 million for the quarter, compared to analyst estimates of $893.16 million. Diamondback Energy had a net margin of 27.05% and a return on equity of 6.81%. The company’s revenue for the quarter was up 80.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.64 EPS. Equities analysts expect that Diamondback Energy Inc will post 8.05 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 28th were paid a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Friday, May 24th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.13. Diamondback Energy’s dividend payout ratio is 12.78%.

FANG has been the subject of a number of research reports. KeyCorp upped their price target on shares of Diamondback Energy from $116.00 to $124.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. ValuEngine upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Roth Capital set a $166.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $148.00 price objective on shares of Diamondback Energy in a report on Monday, March 11th. Finally, Morgan Stanley boosted their price objective on shares of Diamondback Energy from $153.00 to $161.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Three research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $159.04.

Several institutional investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. raised its stake in Diamondback Energy by 76.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 250,087 shares of the oil and natural gas company’s stock worth $25,391,000 after acquiring an additional 108,412 shares during the period. Nordea Investment Management AB raised its stake in Diamondback Energy by 39.2% during the first quarter. Nordea Investment Management AB now owns 8,182 shares of the oil and natural gas company’s stock worth $830,000 after acquiring an additional 2,306 shares during the period. Allstate Corp acquired a new stake in Diamondback Energy during the first quarter worth about $271,000. Marshall Wace North America L.P. raised its stake in Diamondback Energy by 215.1% during the first quarter. Marshall Wace North America L.P. now owns 286,490 shares of the oil and natural gas company’s stock worth $29,087,000 after acquiring an additional 195,559 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Diamondback Energy during the first quarter worth about $3,824,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.

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