Insider Selling: Diamondback Energy Inc (NASDAQ:FANG) VP Sells 2,000 Shares of Stock

Diamondback Energy Inc (NASDAQ:FANG) VP Russell Pantermuehl sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $100.78, for a total transaction of $201,560.00. Following the transaction, the vice president now owns 110,107 shares in the company, valued at $11,096,583.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Thursday, June 20th, Russell Pantermuehl sold 5,000 shares of Diamondback Energy stock. The shares were sold at an average price of $107.28, for a total transaction of $536,400.00.

Shares of FANG stock traded down $0.87 on Thursday, hitting $99.23. The company’s stock had a trading volume of 905,535 shares, compared to its average volume of 1,769,782. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.82 and a quick ratio of 0.79. Diamondback Energy Inc has a fifty-two week low of $85.19 and a fifty-two week high of $140.78. The firm’s fifty day moving average price is $101.63 and its 200-day moving average price is $103.13. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 0.66 and a beta of 0.82.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Tuesday, August 6th. The oil and natural gas company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.04). Diamondback Energy had a net margin of 26.92% and a return on equity of 6.50%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm posted $1.59 EPS. The firm’s revenue for the quarter was up 93.7% on a year-over-year basis. Analysts predict that Diamondback Energy Inc will post 7.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 16th will be paid a $0.188 dividend. This represents a $0.75 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, August 15th. Diamondback Energy’s payout ratio is presently 12.78%.

FANG has been the topic of several research analyst reports. Raymond James upgraded shares of Diamondback Energy from an “outperform” rating to a “strong-buy” rating in a report on Thursday, May 9th. Piper Jaffray Companies set a $156.00 price target on shares of Diamondback Energy and gave the company a “buy” rating in a report on Friday, August 16th. BidaskClub upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. MKM Partners initiated coverage on shares of Diamondback Energy in a report on Friday, June 28th. They set a “buy” rating on the stock. Finally, ValuEngine cut shares of Diamondback Energy from a “hold” rating to a “sell” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-two have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $153.20.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Diamondback Energy by 1.6% during the second quarter. Vanguard Group Inc. now owns 17,698,267 shares of the oil and natural gas company’s stock valued at $1,928,581,000 after buying an additional 275,764 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Diamondback Energy by 11.4% during the first quarter. JPMorgan Chase & Co. now owns 13,528,463 shares of the oil and natural gas company’s stock valued at $1,373,546,000 after buying an additional 1,388,245 shares during the last quarter. BlackRock Inc. raised its position in shares of Diamondback Energy by 4.7% during the second quarter. BlackRock Inc. now owns 10,717,934 shares of the oil and natural gas company’s stock valued at $1,167,931,000 after buying an additional 485,647 shares during the last quarter. Boston Partners raised its position in shares of Diamondback Energy by 16.5% during the first quarter. Boston Partners now owns 3,990,944 shares of the oil and natural gas company’s stock valued at $405,201,000 after buying an additional 566,290 shares during the last quarter. Finally, Corvex Management LP raised its position in shares of Diamondback Energy by 10.7% during the second quarter. Corvex Management LP now owns 2,935,307 shares of the oil and natural gas company’s stock valued at $319,860,000 after buying an additional 283,785 shares during the last quarter. 99.35% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Company Profile

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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