Diamondback Energy Inc (FANG) VP Russell Pantermuehl Sells 2,000 Shares of Stock

Diamondback Energy Inc (NASDAQ:FANG) VP Russell Pantermuehl sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $103.01, for a total value of $206,020.00. Following the completion of the transaction, the vice president now owns 74,214 shares of the company’s stock, valued at $7,644,784.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, March 2nd, Russell Pantermuehl sold 5,000 shares of Diamondback Energy stock. The stock was sold at an average price of $105.34, for a total value of $526,700.00.

Shares of Diamondback Energy Inc (NASDAQ:FANG) traded down 1.71% during mid-day trading on Monday, hitting $102.90. The stock had a trading volume of 1,141,600 shares. The company’s 50 day moving average price is $103.78 and its 200 day moving average price is $100.09. Diamondback Energy Inc has a 12-month low of $73.12 and a 12-month high of $114.00. The stock’s market cap is $9.28 billion.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, February 14th. The company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.36. The firm earned $185 million during the quarter, compared to analysts’ expectations of $167.45 million. Diamondback Energy had a negative net margin of 82.83% and a positive return on equity of 4.26%. Diamondback Energy’s revenue for the quarter was up 61.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. Equities research analysts predict that Diamondback Energy Inc will post $3.53 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Diamondback Energy (NASDAQ:FANG)

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FANG has been the subject of several analyst reports. Canaccord Genuity increased their price objective on Diamondback Energy to $145.00 in a research report on Thursday, February 16th. TheStreet upgraded Diamondback Energy from a “c” rating to a “b-” rating in a research report on Friday, March 3rd. Zacks Investment Research upgraded Diamondback Energy from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Thursday, February 9th. KLR Group set a $150.00 price objective on Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday, December 20th. Finally, Wunderlich increased their price objective on Diamondback Energy from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $111.64.

Hedge funds have recently added to or reduced their stakes in the company. National Asset Management Inc. boosted its stake in Diamondback Energy by 0.6% in the third quarter. National Asset Management Inc. now owns 2,556 shares of the company’s stock valued at $247,000 after buying an additional 15 shares during the last quarter. Geneva Advisors LLC boosted its stake in Diamondback Energy by 0.4% in the third quarter. Geneva Advisors LLC now owns 10,715 shares of the company’s stock valued at $1,034,000 after buying an additional 45 shares during the last quarter. Capital Analysts LLC boosted its stake in Diamondback Energy by 0.7% in the fourth quarter. Capital Analysts LLC now owns 7,267 shares of the company’s stock valued at $734,000 after buying an additional 47 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Diamondback Energy by 0.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,378 shares of the company’s stock valued at $715,000 after buying an additional 51 shares during the last quarter. Finally, Creative Planning boosted its stake in Diamondback Energy by 7.3% in the third quarter. Creative Planning now owns 1,073 shares of the company’s stock valued at $104,000 after buying an additional 73 shares during the last quarter. 95.51% of the stock is owned by hedge funds and other institutional investors.

Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.

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