TIAA CREF Investment Management LLC trimmed its position in Diamondback Energy Inc (NASDAQ:FANG) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,814,926 shares of the oil and natural gas company’s stock after selling 60,146 shares during the quarter. TIAA CREF Investment Management LLC owned about 1.85% of Diamondback Energy worth $229,134,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in FANG. Viking Global Investors LP purchased a new position in shares of Diamondback Energy in the fourth quarter worth about $78,139,000. Carillon Tower Advisers Inc. purchased a new position in shares of Diamondback Energy in the fourth quarter worth about $72,286,000. Franklin Resources Inc. raised its stake in shares of Diamondback Energy by 76.1% in the fourth quarter. Franklin Resources Inc. now owns 765,062 shares of the oil and natural gas company’s stock worth $96,581,000 after purchasing an additional 330,652 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Diamondback Energy by 33.7% in the third quarter. Eagle Asset Management Inc. now owns 1,263,001 shares of the oil and natural gas company’s stock worth $126,300,000 after purchasing an additional 318,035 shares during the last quarter. Finally, Ascend Capital LLC purchased a new position in Diamondback Energy during the fourth quarter valued at approximately $38,957,000.
Shares of Diamondback Energy Inc (NASDAQ FANG) opened at $125.81 on Thursday. 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 Inc has a 1-year low of $82.77 and a 1-year high of $134.52. The company has a market capitalization of $12,481.97, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 0.72 and a beta of 0.91.
Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data 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. Diamondback Energy had a return on equity of 9.63% and a net margin of 40.02%. The company had revenue of $399.19 million for the quarter, compared to analyst estimates of $370.74 million. equities research analysts anticipate that Diamondback Energy Inc will post 6.83 EPS for the current year.
FANG has been the subject of several recent research reports. BidaskClub upgraded Diamondback Energy from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Citigroup initiated coverage on Diamondback Energy in a research report on Friday, December 1st. They set a “buy” rating and a $130.00 price target for the company. Zacks Investment Research cut Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Barclays reiterated a “buy” rating and set a $138.00 price target on shares of Diamondback Energy in a research report on Sunday, December 24th. Finally, Northland Securities set a $120.00 price target on Diamondback Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Four research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Diamondback Energy currently has an average rating of “Buy” and a consensus target price of $139.40.
In other news, CFO Teresa L. Dick sold 10,000 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $115.84, for a total value of $1,158,400.00. Following the sale, the chief financial officer now directly owns 25,760 shares of the company’s stock, valued at $2,984,038.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Russell Pantermuehl sold 1,000 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $116.06, for a total value of $116,060.00. Following the completion of the sale, the vice president now directly owns 58,966 shares in the company, valued at $6,843,593.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 192,431 shares of company stock worth $24,001,312. 0.41% of the stock is owned by corporate insiders.
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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.
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