Russell Pantermuehl Sells 2,000 Shares of Diamondback Energy Inc (FANG) Stock
Diamondback Energy Inc (NASDAQ:FANG) VP Russell Pantermuehl sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $111.45, for a total value of $222,900.00. Following the transaction, the vice president now directly owns 63,314 shares of the company’s stock, valued at $7,056,345.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Russell Pantermuehl also recently made the following trade(s):
- On Thursday, November 9th, Russell Pantermuehl sold 4,000 shares of Diamondback Energy stock. The shares were sold at an average price of $109.55, for a total value of $438,200.00.
- On Wednesday, September 20th, Russell Pantermuehl sold 4,000 shares of Diamondback Energy stock. The shares were sold at an average price of $96.89, for a total value of $387,560.00.
Diamondback Energy Inc (FANG) opened at $109.06 on Wednesday. Diamondback Energy Inc has a fifty-two week low of $82.77 and a fifty-two week high of $114.93. The stock has a market capitalization of $10,702.20, a P/E ratio of 23.34, a P/E/G ratio of 0.79 and a beta of 1.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.45.
Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.31. The business had revenue of $301.30 million during the quarter, compared to analyst estimates of $296.53 million. Diamondback Energy had a return on equity of 8.76% and a net margin of 39.69%. The business’s revenue for the quarter was up 112.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.03) EPS. analysts anticipate that Diamondback Energy Inc will post 5.02 earnings per share for the current fiscal year.
Several research firms have recently commented on FANG. Piper Jaffray Companies reaffirmed a “buy” rating and set a $118.00 target price on shares of Diamondback Energy in a report on Friday, November 24th. SunTrust Banks reaffirmed a “buy” rating and set a $130.00 target price on shares of Diamondback Energy in a report on Friday, November 10th. Stifel Nicolaus set a $129.00 target price on Diamondback Energy and gave the company a “buy” rating in a report on Thursday, October 5th. BMO Capital Markets set a $110.00 target price on Diamondback Energy and gave the company a “buy” rating in a report on Saturday, August 12th. Finally, Goldman Sachs Group lowered Diamondback Energy from a “conviction-buy” rating to a “buy” rating and upped their target price for the company from $106.53 to $118.00 in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Diamondback Energy presently has an average rating of “Buy” and an average target price of $126.88.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Viking Fund Management LLC lifted its position in Diamondback Energy by 6.3% in the third quarter. Viking Fund Management LLC now owns 220,000 shares of the oil and natural gas company’s stock worth $21,551,000 after purchasing an additional 13,000 shares during the period. Artisan Partners Limited Partnership lifted its position in Diamondback Energy by 964.6% in the second quarter. Artisan Partners Limited Partnership now owns 1,847,919 shares of the oil and natural gas company’s stock worth $164,114,000 after purchasing an additional 1,674,336 shares during the period. IBM Retirement Fund acquired a new stake in Diamondback Energy in the third quarter worth approximately $960,000. Gluskin Sheff & Assoc Inc. lifted its position in Diamondback Energy by 221.5% in the third quarter. Gluskin Sheff & Assoc Inc. now owns 13,150 shares of the oil and natural gas company’s stock worth $1,288,000 after purchasing an additional 9,060 shares during the period. Finally, Braun Stacey Associates Inc. acquired a new stake in Diamondback Energy in the third quarter worth approximately $12,328,000.
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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