Diamondback Energy Inc (FANG) : Encompass Capital Advisors has sold out all of its stake in Diamondback Energy Inc during the Q4 period, according to the information disclosed to the SEC. The investment management company has sold out 310,800 shares of Diamondback Energy Inc which is valued at $24.1 Million.
Other Hedge Funds, Including , Blair William Coil sold out all of its stake in FANG during the fourth quarter. The investment firm sold 42,100 shares of FANG which is valued $3.3 Million.Sg Americas Securities boosted its stake in FANG during the Q4 period, The investment management firm added 8,802 additional shares and now holds a total of 12,526 shares of Diamondback Energy Inc which is valued at $972,268. Diamondback Energy Inc makes up approx 0.01% of Sg Americas Securities’s portfolio.Citadel Advisors reduced its stake in FANG by selling 764,728 shares or 44.43% during the fourth quarter. The Hedge Fund company now holds 956,492 shares of FANG which is valued at $74.2 Million. Diamondback Energy Inc makes up approx 0.15% of Citadel Advisors’s portfolio.Redwood Investments boosted its stake in FANG during the Q4 period, The investment management firm added 4,609 additional shares and now holds a total of 24,983 shares of Diamondback Energy Inc which is valued at $1.9 Million. Diamondback Energy Inc makes up approx 0.22% of Redwood Investments’s portfolio.Amalgamated Bank reduced its stake in FANG by selling 448 shares or 5.98% during the fourth quarter. The Hedge Fund company now holds 7,049 shares of FANG which is valued at $547,143. Diamondback Energy Inc makes up approx 0.07% of Amalgamated Bank’s portfolio.
On the company’s financial health, Diamondback Energy Inc reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Feb 16, 2016. Analyst had a consensus of $0.45. The company had revenue of $114.30 million for the quarter, compared to analysts expectations of $150.87 million. The company’s revenue was down -13.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.73 EPS.
Many Wall Street Analysts have commented on Diamondback Energy Inc. Shares were Downgraded by Canaccord Genuity on Feb 18, 2016 to ” Hold” and Lowered the Price Target to $ 65 from a previous price target of $71 .Shares were Reiterated by Topeka Capital Markets on Feb 17, 2016 to “Buy” and Lowered the Price Target to $ 85 from a previous price target of $90 .Diamondback Energy Inc was Initiated by Iberia to “Outperform” on Jan 29, 2016.
Diamondback Energy Inc opened for trading at $76.06 and hit $79.18 on the upside on Thursday, eventually ending the session at $79.07, with a gain of 3.10% or 2.38 points. The heightened volatility saw the trading volume jump to 12,77,513 shares. Company has a market cap of $5,645 M.
Diamondback Energy Inc. is an independent oil and natural gas company. The Company is focused on the acquisition development exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company through its subsidiary Viper owns mineral interests underlying approximately 24528 gross (15948 net) acres in Midland County Texas in the Permian Basin. Approximately 43% of these net acres are operated by the Company. As of December 31 2014 it had drilled or participated in the drilling of 405 gross (343 net) wells on its leasehold acreage in this area primarily targeting the Wolfberry play. The Permian Basin area covers a portion of western Texas and eastern New Mexico. The Company’s activities are primarily focused on the Clearfork Spraberry Wolfcamp Cline Strawn and Atoka formations which it refers to collectively as the Wolfberry play.