Mountain Pacific Investment Advisers Inc. ID acquired a new position in shares of Diamondback Energy Inc (NASDAQ:FANG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,876 shares of the oil and natural gas company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FANG. Delek Group Ltd. raised its stake in shares of Diamondback Energy by 13.9% during the first quarter. Delek Group Ltd. now owns 221,860 shares of the oil and natural gas company’s stock valued at $22,414,000 after acquiring an additional 27,060 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Diamondback Energy by 3.4% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 126,008 shares of the oil and natural gas company’s stock valued at $12,794,000 after buying an additional 4,146 shares during the period. Trexquant Investment LP purchased a new position in shares of Diamondback Energy during the first quarter valued at about $4,545,000. Alphasimplex Group LLC purchased a new position in shares of Diamondback Energy during the first quarter valued at about $1,031,000. Finally, Scout Investments Inc. increased its position in shares of Diamondback Energy by 7.6% during the second quarter. Scout Investments Inc. now owns 208,270 shares of the oil and natural gas company’s stock valued at $22,695,000 after buying an additional 14,703 shares during the period. 99.24% of the stock is owned by institutional investors.

Shares of NASDAQ FANG traded down $1.93 during midday trading on Monday, hitting $100.06. The stock had a trading volume of 22,257 shares, compared to its average volume of 1,090,325. The firm’s 50 day moving average is $104.95. The stock has a market cap of $16.79 billion, a P/E ratio of 17.08, a P/E/G ratio of 0.66 and a beta of 0.85. Diamondback Energy Inc has a 52 week low of $85.19 and a 52 week high of $140.78. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 0.32.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings data on Tuesday, May 7th. The oil and natural gas company reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.03. The company had revenue of $864.00 million for the quarter, compared to the consensus estimate of $893.16 million. Diamondback Energy had a net margin of 27.05% and a return on equity of 6.81%. The firm’s revenue for the quarter was up 80.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 earnings per share. Sell-side analysts expect that Diamondback Energy Inc will post 7.5 earnings per share for the current fiscal year.

In related news, VP Russell Pantermuehl sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $107.28, for a total transaction of $536,400.00. Following the transaction, the vice president now owns 112,107 shares in the company, valued at $12,026,838.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Hof Matthew Kaes Van’t sold 1,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $107.47, for a total transaction of $161,205.00. Following the transaction, the chief financial officer now owns 27,465 shares in the company, valued at approximately $2,951,663.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,500 shares of company stock worth $1,258,505. 0.47% of the stock is owned by insiders.

Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. MKM Partners assumed coverage on shares of Diamondback Energy in a research report on Friday, June 28th. They set a “buy” rating on the stock. Raymond James reiterated an “average” rating and set a $4.50 price target on shares of John Hancock Financial Opprts Fund in a research report on Thursday, May 9th. Williams Capital set a $165.00 price target on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Credit Suisse Group set a €21.78 ($25.33) price target on shares of Deutsche Lufthansa and gave the company a “buy” rating in a research report on Monday, June 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have given a buy rating and three have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $158.71.

About Diamondback Energy

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.

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

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