Diamondback Energy Inc (NASDAQ:FANG) VP Russell Pantermuehl sold 5,000 shares of Diamondback Energy stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $100.25, for a total value of $501,250.00. Following the completion of the transaction, the vice president now directly owns 105,107 shares of the company’s stock, valued at $10,536,976.75. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Russell Pantermuehl also recently made the following trade(s):
- On Wednesday, August 21st, Russell Pantermuehl sold 2,000 shares of Diamondback Energy stock. The stock was sold at an average price of $100.78, for a total value of $201,560.00.
- On Thursday, June 20th, Russell Pantermuehl sold 5,000 shares of Diamondback Energy stock. The stock was sold at an average price of $107.28, for a total value of $536,400.00.
FANG stock opened at $96.17 on Friday. The company has a market capitalization of $16.22 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 0.48 and a beta of 0.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.79 and a current ratio of 0.82. Diamondback Energy Inc has a 52-week low of $85.19 and a 52-week high of $140.78. The business has a 50-day simple moving average of $97.56 and a two-hundred day simple moving average of $102.58.
Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, August 6th. The oil and natural gas company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.04). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. Diamondback Energy had a net margin of 26.92% and a return on equity of 6.50%. Diamondback Energy’s revenue for the quarter was up 93.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS. As a group, sell-side analysts forecast that Diamondback Energy Inc will post 7.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were paid a dividend of $0.188 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.75 dividend on an annualized basis and a yield of 0.78%. Diamondback Energy’s dividend payout ratio (DPR) is currently 12.78%.
Several research analysts have recently weighed in on the company. Oppenheimer lowered their price objective on Diamondback Energy from $151.00 to $138.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Northland Securities reaffirmed a “buy” rating and issued a $150.00 target price on shares of Diamondback Energy in a research report on Wednesday, August 7th. Credit Suisse Group assumed coverage on Diamondback Energy in a research report on Monday, June 17th. They issued an “outperform” rating and a $135.00 target price for the company. MKM Partners assumed coverage on Diamondback Energy in a research report on Friday, June 28th. They issued a “buy” rating for the company. Finally, Wells Fargo & Co boosted their target price on Diamondback Energy from $169.00 to $171.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $152.95.
A number of hedge funds have recently added to or reduced their stakes in the business. River & Mercantile Asset Management LLP acquired a new position in Diamondback Energy during the 2nd quarter valued at about $1,144,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Diamondback Energy by 15.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 31,416 shares of the oil and natural gas company’s stock worth $3,423,000 after buying an additional 4,242 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Diamondback Energy by 3.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 80,361 shares of the oil and natural gas company’s stock worth $8,757,000 after buying an additional 2,780 shares during the last quarter. Nomura Holdings Inc. boosted its stake in shares of Diamondback Energy by 34.3% in the 2nd quarter. Nomura Holdings Inc. now owns 83,636 shares of the oil and natural gas company’s stock worth $9,144,000 after buying an additional 21,342 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Diamondback Energy by 4.7% in the 2nd quarter. BlackRock Inc. now owns 10,717,934 shares of the oil and natural gas company’s stock worth $1,167,931,000 after buying an additional 485,647 shares during the last quarter. Institutional investors and hedge funds own 99.30% of the company’s stock.
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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