Viking Fund Management LLC Trimmed Diamondback Ener (FANG) Holding by $5.04 Million as Share Price Rose

May 20, 2018 - By Marie Mckinney

Investors sentiment decreased to 1.17 in Q4 2017. Its down 0.36, from 1.53 in 2017Q3. It is negative, as 49 investors sold FANG shares while 113 reduced holdings. 72 funds opened positions while 117 raised stakes. 99.08 million shares or 5.50% less from 104.84 million shares in 2017Q3 were reported. San Francisco Sentry Investment Gp (Ca) holds 0.01% or 273 shares. Connecticut-based Aqr Cap Mngmt Ltd Liability has invested 0% in Diamondback Energy, Inc. (NASDAQ:FANG). Hsbc Public Ltd Co holds 0.01% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG) for 39,217 shares. Hall Kathryn A invested 0.35% in Diamondback Energy, Inc. (NASDAQ:FANG). First Advisors Lp has invested 0.03% in Diamondback Energy, Inc. (NASDAQ:FANG). Williams Jones And Associate Limited Liability Co has invested 0.08% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG). Cornerstone Advsr Inc stated it has 249 shares or 0.02% of all its holdings. Gluskin Sheff And Assocs Incorporated stated it has 0.14% in Diamondback Energy, Inc. (NASDAQ:FANG). First Personal Fincl Services holds 0.05% in Diamondback Energy, Inc. (NASDAQ:FANG) or 1,919 shares. Columbia L L C Investment Mngmt owns 0.34% invested in Diamondback Energy, Inc. (NASDAQ:FANG) for 20,272 shares. Janney Montgomery Scott Limited Liability Company owns 64,413 shares or 0.08% of their US portfolio. Sterling Mgmt Ltd Llc has 0.04% invested in Diamondback Energy, Inc. (NASDAQ:FANG) for 37,872 shares. Nicholas Investment Ptnrs LP holds 41,325 shares or 0.34% of its portfolio. Braun Stacey Assocs Inc reported 147,179 shares. Nelson Roberts Investment Advisors Ltd Llc holds 8 shares or 0% of its portfolio.

Since December 11, 2017, it had 0 insider purchases, and 16 insider sales for $24.16 million activity. 2,500 shares were sold by Dick Teresa L., worth $327,422 on Monday, March 5. Hawkins Thomas F. sold $82,678 worth of stock or 655 shares. Soliman Jennifer also sold $23,128 worth of Diamondback Energy, Inc. (NASDAQ:FANG) on Friday, February 16. $10.91 million worth of Diamondback Energy, Inc. (NASDAQ:FANG) was sold by Stice Travis D. on Friday, February 16. The insider Pantermuehl Russell sold $2.98M. The insider Hollis Michael L. sold 29,745 shares worth $3.72 million.

Viking Fund Management Llc decreased its stake in Diamondback Ener (FANG) by 18.18% based on its latest 2017Q4 regulatory filing with the SEC. Viking Fund Management Llc sold 40,000 shares as the company’s stock rose 3.87% while stock markets declined. The institutional investor held 180,000 shares of the energy company at the end of 2017Q4, valued at $22.73 million, down from 220,000 at the end of the previous reported quarter. Viking Fund Management Llc who had been investing in Diamondback Ener for a number of months, seems to be less bullish one the $13.27B market cap company. The stock decreased 1.14% or $1.55 during the last trading session, reaching $134.58. About 1.15M shares traded. Diamondback Energy, Inc. (NASDAQ:FANG) has risen 30.56% since May 20, 2017 and is uptrending. It has outperformed by 19.01% the S&P500.

Viking Fund Management Llc, which manages about $1.05 billion and $612.38M US Long portfolio, upped its stake in Kinder Morgan In (NYSE:KMI) by 412,500 shares to 965,000 shares, valued at $17.44M in 2017Q4, according to the filing.

Analysts await Diamondback Energy, Inc. (NASDAQ:FANG) to report earnings on August, 7. They expect $1.58 earnings per share, up 12.86 % or $0.18 from last year’s $1.4 per share. FANG’s profit will be $155.80 million for 21.29 P/E if the $1.58 EPS becomes a reality. After $1.64 actual earnings per share reported by Diamondback Energy, Inc. for the previous quarter, Wall Street now forecasts -3.66 % negative EPS growth.

More notable recent Diamondback Energy, Inc. (NASDAQ:FANG) news were published by: Globenewswire.com which released: “Diamondback Energy, Inc. Announces Appointments to the Board of Directors” on April 24, 2018, also Seekingalpha.com with their article: “Diamondback Energy: The Actual ‘FANG’ Stock Delivers” published on May 14, 2018, Nasdaq.com published: “Diamondback Energy, Inc. Announces First Quarter 2018 Financial and Operating Results” on May 08, 2018. More interesting news about Diamondback Energy, Inc. (NASDAQ:FANG) were released by: Nasdaq.com and their article: “Viper Energy Partners LP, A Subsidiary Of Diamondback Energy, Inc., Announces Effective Date Of Tax Status Change …” published on May 09, 2018 as well as Seekingalpha.com‘s news article titled: “Buy Diamondback Energy On Declines – Cramer’s Lightning Round (5/11/18)” with publication date: May 14, 2018.

Diamondback Energy, Inc. (NASDAQ:FANG) Ratings Coverage

Among 19 analysts covering Diamondback (NASDAQ:FANG), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Diamondback had 38 analyst reports since November 22, 2017 according to SRatingsIntel. The stock of Diamondback Energy, Inc. (NASDAQ:FANG) has “Buy” rating given on Wednesday, April 18 by Piper Jaffray. Northland Capital maintained Diamondback Energy, Inc. (NASDAQ:FANG) on Wednesday, February 14 with “Buy” rating. SunTrust maintained the shares of FANG in report on Tuesday, February 6 with “Buy” rating. The rating was maintained by Morgan Stanley with “Overweight” on Friday, April 20. The rating was maintained by Piper Jaffray on Tuesday, January 9 with “Buy”. On Thursday, January 11 the stock rating was maintained by BMO Capital Markets with “Buy”. The company was initiated on Monday, December 11 by Credit Suisse. The firm earned “Hold” rating on Monday, February 5 by FBR Capital. Jefferies maintained it with “Buy” rating and $17000 target in Wednesday, April 25 report. KeyBanc Capital Markets maintained it with “Overweight” rating and $140 target in Monday, April 23 report.

Diamondback Energy, Inc. (NASDAQ:FANG) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: