Diamondback Energy Inc (NASDAQ:FANG) Shares Purchased by Zeke Capital Advisors LLC

Zeke Capital Advisors LLC boosted its position in Diamondback Energy Inc (NASDAQ:FANG) by 8.5% in the second quarter, HoldingsChannel.com reports. The firm owned 7,042 shares of the oil and natural gas company’s stock after purchasing an additional 553 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Diamondback Energy were worth $767,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Archford Capital Strategies LLC raised its stake in Diamondback Energy by 1,100.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 240 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 220 shares during the period. Berman Capital Advisors LLC raised its stake in Diamondback Energy by 180.8% during the 1st quarter. Berman Capital Advisors LLC now owns 292 shares of the oil and natural gas company’s stock valued at $29,000 after purchasing an additional 188 shares during the period. Manchester Capital Management LLC acquired a new stake in Diamondback Energy during the 1st quarter valued at $34,000. Somerset Trust Co raised its stake in Diamondback Energy by 162.6% during the 1st quarter. Somerset Trust Co now owns 617 shares of the oil and natural gas company’s stock valued at $63,000 after purchasing an additional 382 shares during the period. Finally, Valeo Financial Advisors LLC raised its stake in Diamondback Energy by 1,043.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 823 shares of the oil and natural gas company’s stock valued at $90,000 after purchasing an additional 751 shares during the period. Hedge funds and other institutional investors own 99.32% of the company’s stock.

NASDAQ:FANG traded down $1.76 during trading hours on Tuesday, reaching $89.69. The company’s stock had a trading volume of 87,413 shares, compared to its average volume of 1,376,791. The company has a market cap of $15.04 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 0.64 and a beta of 0.82. Diamondback Energy Inc has a one year low of $85.19 and a one year high of $140.78. The business has a 50-day moving average of $105.07. 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 (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, May 7th. The oil and natural gas company reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.03. Diamondback Energy had a net margin of 27.05% and a return on equity of 6.81%. The company had revenue of $864.00 million during the quarter, compared to analysts’ expectations of $893.16 million. During the same period in the prior year, the company earned $1.64 earnings per share. The business’s quarterly revenue was up 80.4% compared to the same quarter last year. Sell-side analysts forecast that Diamondback Energy Inc will post 7.36 EPS for the current fiscal year.

In other Diamondback Energy news, VP Russell Pantermuehl sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $107.28, for a total transaction of $536,400.00. Following the completion of the sale, the vice president now directly owns 112,107 shares in the company, valued at $12,026,838.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Hof Matthew Kaes Van’t sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $107.47, for a total transaction of $161,205.00. Following the sale, the chief financial officer now owns 27,465 shares of the company’s stock, valued at $2,951,663.55. The disclosure for this sale can be found here. Insiders have sold 11,500 shares of company stock valued at $1,258,505 over the last 90 days. Corporate insiders own 0.47% of the company’s stock.

Several brokerages have issued reports on FANG. Royal Bank of Canada began coverage on shares of Diamondback Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $156.00 target price on the stock. Roth Capital cut their target price on shares of Diamondback Energy from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Bank of America boosted their target price on shares of Diamondback Energy from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Credit Suisse Group began coverage on shares of Diamondback Energy in a research note on Monday, June 17th. They set an “outperform” rating and a $135.00 target price on the stock. Finally, Raymond James upgraded shares of Diamondback Energy from an “outperform” rating to a “strong-buy” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have issued a buy rating and three have given a strong buy rating to the company. Diamondback Energy presently has a consensus rating of “Buy” and a consensus target price of $158.71.

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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Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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