Diamondback Energy Inc (NASDAQ: FANG) is 18.80% higher on its value in year-to-date trading and has touched a low of $142.17 and a high of $212.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FANG stock was last observed hovering at around $190.70 in the last trading session, with the day’s loss setting it -10.93%.
Currently trading at $179.77, the stock is -2.62% and -3.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.84 million and changing -5.73% at the moment leaves the stock -2.94% off its SMA200. FANG registered 12.39% gain for a year compared to 6-month loss of -10.73%. The firm has a 50-day simple moving average (SMA 50) of $187.0076 and a 200-day simple moving average (SMA200) of $187.14595.
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The stock witnessed a 2.84% gain in the last 1 month and extending the period to 3 months gives it a -14.15%, and is -7.23% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 2.89% over the month.
Diamondback Energy Inc (FANG) has around 1023 employees, a market worth around $52.99B and $9.28B in sales. Current P/E ratio is 9.29 and Fwd P/E is 10.42. Profit margin for the company is 37.25%. Distance from 52-week low is 26.45% and -15.57% from its 52-week high. The company has generated returns on investments over the last 12 months (11.74%).
The EPS is expected to shrink by -3.73% this year.
Diamondback Energy Inc (FANG) Top Institutional Holders
1537.0 institutions hold shares in Diamondback Energy Inc (FANG), with institutional investors hold 87.82% of the company’s shares. The shares outstanding are 294.74M, and float is at 191.31M with Short Float at 2.92%. Institutions hold 57.27% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 22.09 million shares valued at $4.42 billion. The investor’s holdings represent 12.3768% of the FANG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.92 million shares valued at $2.99 billion to account for 8.362 of the shares outstanding. The other top investors are STATE STREET CORP which holds 11.71 million shares representing 6.5603% and valued at over $2.34 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 4.5562 of the shares totaling 8.13 million with a market value of $1.63 billion.
Diamondback Energy Inc (FANG) Insider Activity
The most recent transaction is an insider sale by Greth Lyndal, the company’s 10% Owner. SEC filings show that Greth Lyndal sold 13,212,830 shares of the company’s common stock on Sep 23 ’24 at a price of $175.11 per share for a total of $2.31 billion. Following the sale, the insider now owns 1.04 million shares.
Diamondback Energy Inc disclosed in a document filed with the SEC on Aug 09 ’24 that Dick Teresa L. (CAO, Exec. VP, Assist. Sec.) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 09 ’24 and was made at $200.00 per share for $1.0 million. Following the transaction, the insider now directly holds 88953.0 shares of the FANG stock.
Still, SEC filings show that on Aug 08 ’24, Van’t Hof Matthew Kaes (President & CFO) disposed off 50,000 shares at an average price of $198.15 for $9.91 million. The insider now directly holds 100,718 shares of Diamondback Energy Inc (FANG).
