Public Employees Retirement Association of Colorado reduced its holdings in Diamondback Energy Inc (NASDAQ:FANG) by 42.3% during the 4th quarter, Holdings Channel reports. The firm owned 19,012 shares of the oil and natural gas company’s stock after selling 13,936 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Diamondback Energy were worth $2,400,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Viking Fund Management LLC grew its position in shares of 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 valued at $21,551,000 after purchasing an additional 13,000 shares during the last quarter. IBM Retirement Fund acquired a new stake in Diamondback Energy during the third quarter worth about $960,000. Sterling Capital Management LLC grew its position in Diamondback Energy by 21.0% during the third quarter. Sterling Capital Management LLC now owns 37,872 shares of the oil and natural gas company’s stock worth $3,710,000 after buying an additional 6,575 shares in the last quarter. Gluskin Sheff & Assoc Inc. grew its position in Diamondback Energy by 221.5% during 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 buying an additional 9,060 shares in the last quarter. Finally, Strategic Global Advisors LLC acquired a new stake in Diamondback Energy during the third quarter worth about $573,000.

In other news, CEO Travis D. Stice sold 35,000 shares of Diamondback Energy 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael L. Hollis sold 3,000 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $129.34, for a total transaction of $388,020.00. The disclosure for this sale can be found here. Insiders sold 68,400 shares of company stock valued at $8,337,200 in the last quarter. 0.41% of the stock is currently owned by corporate insiders.

Diamondback Energy Inc (NASDAQ FANG) opened at $122.83 on Thursday. The company has a market cap of $11,292.18, a PE ratio of 21.58, a price-to-earnings-growth ratio of 0.59 and a beta of 0.91. 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 one year low of $82.77 and a one year high of $134.52.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Tuesday, February 13th. The oil and natural gas company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.16. The firm had revenue of $399.19 million during the quarter, compared to analysts’ expectations of $370.74 million. Diamondback Energy had a net margin of 40.02% and a return on equity of 9.74%. equities analysts expect that Diamondback Energy Inc will post 7.14 EPS for the current year.

A number of research firms recently weighed in on FANG. Credit Suisse Group set a $143.00 target price on Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Morgan Stanley lifted their target price on Diamondback Energy from $138.00 to $167.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Piper Jaffray Companies reissued a “buy” rating and set a $138.00 target price on shares of Diamondback Energy in a research report on Tuesday, January 9th. Stifel Nicolaus set a $149.00 target price on Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Mizuho set a $148.00 target price on Diamondback Energy and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $136.70.

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

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