Macquarie Group Ltd. Increases Position in Diamondback Energy Inc (FANG)

Macquarie Group Ltd. boosted its stake in Diamondback Energy Inc (NASDAQ:FANG) by 26.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 293,815 shares of the oil and natural gas company’s stock after acquiring an additional 61,600 shares during the period. Macquarie Group Ltd. owned about 0.30% of Diamondback Energy worth $37,201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FANG. Captrust Financial Advisors purchased a new stake in shares of Diamondback Energy in the fourth quarter valued at about $149,000. IFP Advisors Inc raised its holdings in shares of Diamondback Energy by 42.6% in the fourth quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock valued at $164,000 after buying an additional 389 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Diamondback Energy by 476.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the oil and natural gas company’s stock valued at $178,000 after buying an additional 1,167 shares during the last quarter. KCS Wealth Advisory purchased a new stake in shares of Diamondback Energy in the fourth quarter valued at about $202,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Diamondback Energy in the third quarter valued at about $206,000.

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A number of equities research analysts have recently commented on FANG shares. Zacks Investment Research raised shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a report on Wednesday, January 17th. Deutsche Bank started coverage on shares of Diamondback Energy in a report on Thursday, February 1st. They issued a “buy” rating and a $162.00 target price for the company. Scotiabank reaffirmed a “buy” rating and issued a $118.00 target price on shares of Diamondback Energy in a report on Wednesday, November 22nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $138.00 target price on shares of Diamondback Energy in a report on Tuesday, January 9th. Finally, Credit Suisse Group set a $143.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Diamondback Energy has a consensus rating of “Buy” and a consensus target price of $140.92.

In other news, CEO Travis D. Stice sold 35,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total value of $4,375,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael L. Hollis sold 10,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. The disclosure for this sale can be found here. Insiders sold 181,431 shares of company stock worth $22,726,852 over the last quarter. Company insiders own 0.41% of the company’s stock.

Shares of FANG stock opened at $125.54 on Wednesday. The company has a market cap of $12,038.25, a P/E ratio of 25.26, a PEG ratio of 0.68 and a beta of 0.91. Diamondback Energy Inc has a 1 year low of $82.77 and a 1 year high of $134.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.61.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.40 by $0.16. The business had revenue of $399.19 million for the quarter, compared to analyst estimates of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.63%. sell-side analysts predict that Diamondback Energy Inc will post 6.89 EPS for the current fiscal year.

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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.

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

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