State Board of Administration of Florida Retirement System boosted its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 12.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,348 shares of the oil and natural gas company’s stock after buying an additional 15,050 shares during the period. State Board of Administration of Florida Retirement System owned 0.14% of Diamondback Energy worth $12,198,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in Diamondback Energy during the first quarter worth $180,000. Korea Investment CORP purchased a new position in Diamondback Energy during the first quarter worth $5,175,000. ProShare Advisors LLC raised its position in Diamondback Energy by 9.6% in the first quarter. ProShare Advisors LLC now owns 8,001 shares of the oil and natural gas company’s stock worth $830,000 after buying an additional 700 shares during the period. Janney Montgomery Scott LLC purchased a new position in Diamondback Energy during the first quarter worth $601,000. Finally, Shell Asset Management Co. raised its position in Diamondback Energy by 8.0% in the first quarter. Shell Asset Management Co. now owns 5,898 shares of the oil and natural gas company’s stock worth $612,000 after buying an additional 435 shares during the period.

Diamondback Energy, Inc. (NASDAQ:FANG) opened at 88.17 on Wednesday. Diamondback Energy, Inc. has a 1-year low of $82.77 and a 1-year high of $114.00. The stock’s 50 day moving average price is $91.46 and its 200 day moving average price is $97.04. The firm has a market cap of $8.65 billion, a P/E ratio of 24.24 and a beta of 1.06.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Tuesday, August 1st. The oil and natural gas company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.44. The company had revenue of $267.40 million during the quarter, compared to analysts’ expectations of $258.75 million. Diamondback Energy had a return on equity of 8.09% and a net margin of 38.24%. The business’s revenue for the quarter was up 137.7% on a year-over-year basis. During the same period last year, the firm earned $0.26 EPS. Equities research analysts predict that Diamondback Energy, Inc. will post $4.93 EPS for the current year.

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FANG has been the topic of a number of analyst reports. Williams Capital reiterated a “hold” rating and issued a $120.00 price objective on shares of Diamondback Energy in a research report on Wednesday, May 3rd. Roth Capital set a $130.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, May 2nd. BMO Capital Markets set a $120.00 price objective on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Scotiabank reiterated a “buy” rating and issued a $121.00 price objective on shares of Diamondback Energy in a research report on Thursday, May 4th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $141.00 price objective on shares of Diamondback Energy in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $117.32.

In other news, insider Michael L. Hollis sold 1,000 shares of Diamondback Energy stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by company insiders.

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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