Axa Purchases 4,100 Shares of Diamondback Energy Inc (NASDAQ:FANG)

AXA lifted its holdings in Diamondback Energy Inc (NASDAQ:FANG) by 4.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 92,100 shares of the oil and natural gas company’s stock after acquiring an additional 4,100 shares during the quarter. AXA owned 0.09% of Diamondback Energy worth $9,022,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FANG. Schwab Charles Investment Management Inc. raised its holdings in Diamondback Energy by 14.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 288,899 shares of the oil and natural gas company’s stock valued at $25,658,000 after buying an additional 37,101 shares during the last quarter. Rhumbline Advisers raised its holdings in Diamondback Energy by 1.2% during the 2nd quarter. Rhumbline Advisers now owns 101,195 shares of the oil and natural gas company’s stock valued at $8,987,000 after buying an additional 1,194 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Diamondback Energy by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 831,952 shares of the oil and natural gas company’s stock valued at $73,887,000 after buying an additional 62,224 shares during the last quarter. Legal & General Group Plc raised its holdings in Diamondback Energy by 17.5% during the 2nd quarter. Legal & General Group Plc now owns 104,274 shares of the oil and natural gas company’s stock valued at $9,260,000 after buying an additional 15,527 shares during the last quarter. Finally, Comerica Bank raised its holdings in Diamondback Energy by 1.6% in the 2nd quarter. Comerica Bank now owns 12,927 shares of the oil and natural gas company’s stock worth $1,205,000 after purchasing an additional 201 shares in the last quarter.

Shares of Diamondback Energy Inc (NASDAQ FANG) traded up $0.24 on Friday, reaching $130.14. 1,031,170 shares of the company’s stock were exchanged, compared to its average volume of 1,130,000. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46. Diamondback Energy Inc has a twelve month low of $82.77 and a twelve month high of $132.07. The stock has a market cap of $12,770.00, a price-to-earnings ratio of 31.51, a P/E/G ratio of 0.74 and a beta of 1.08.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.31. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The firm had revenue of $301.30 million during the quarter, compared to analyst estimates of $296.53 million. During the same period last year, the firm posted ($0.03) earnings per share. Diamondback Energy’s revenue for the quarter was up 112.0% compared to the same quarter last year. equities research analysts expect that Diamondback Energy Inc will post 5.07 EPS for the current year.

Several research analysts have commented on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $118.00 price objective on shares of Diamondback Energy in a report on Friday, November 24th. SunTrust Banks restated a “buy” rating and issued a $130.00 price objective on shares of Diamondback Energy in a report on Friday, November 10th. Stifel Nicolaus set a $129.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. BidaskClub upgraded shares of Diamondback Energy from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Finally, Goldman Sachs Group downgraded shares of Diamondback Energy from a “conviction-buy” rating to a “buy” rating and upped their target price for the stock from $106.53 to $118.00 in a research report on Friday, November 17th. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Diamondback Energy currently has an average rating of “Buy” and an average target price of $125.42.

In other Diamondback Energy news, CEO Travis D. Stice sold 35,000 shares of Diamondback Energy stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total transaction of $4,375,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael L. Hollis sold 10,000 shares of Diamondback Energy stock in a transaction on Friday, December 22nd. The stock was 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. Over the last three months, insiders sold 78,400 shares of company stock valued at $9,361,210. 0.41% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: This story was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.thelincolnianonline.com/2018/01/13/diamondback-energy-inc-fang-shares-bought-by-axa-updated-updated.html.

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)

Receive News & Ratings for Diamondback Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply