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

April 17, 2018 - By Christine McCrea

Investors sentiment decreased to 1.17 in 2017 Q4. Its down 0.36, from 1.53 in 2017Q3. It dived, 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. Tobam reported 2,852 shares or 0.02% of all its holdings. Oberweis Asset Mngmt owns 43,805 shares. D E Shaw And Inc has invested 0.06% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG). Prelude Limited Liability Company has invested 0.16% in Diamondback Energy, Inc. (NASDAQ:FANG). Tower Bridge Advsr owns 0.02% invested in Diamondback Energy, Inc. (NASDAQ:FANG) for 1,810 shares. Fjarde Ap invested 0.09% in Diamondback Energy, Inc. (NASDAQ:FANG). Brown Brothers Harriman & Communications holds 0% or 53 shares. Lord Abbett Co Limited Liability Company owns 0.07% invested in Diamondback Energy, Inc. (NASDAQ:FANG) for 206,304 shares. S&Co Inc invested in 2,147 shares. Lyon Street Limited Liability Corp accumulated 25,800 shares. Tower Rech Capital Ltd Liability Corporation (Trc) invested 0% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG). Ranger Investment Mgmt Lp has 3,480 shares for 0.03% of their portfolio. Pictet Asset owns 33,926 shares or 0.01% of their US portfolio. Gulf Intl National Bank & Trust (Uk) Limited, a United Kingdom-based fund reported 28,825 shares. Winslow Evans Crocker Incorporated reported 550 shares or 0.02% of all its holdings.

Since October 27, 2017, it had 0 buys, and 16 selling transactions for $24.02 million activity. The insider Hollis Michael L. sold $3.72M. $112,129 worth of Diamondback Energy, Inc. (NASDAQ:FANG) was sold by Dick Teresa L. on Wednesday, December 13. The insider Molnar Paul sold 12,649 shares worth $1.58M. Stice Travis D. had sold 87,150 shares worth $10.91 million. Van’t Hof Matthew Kaes had sold 400 shares worth $44,710 on Tuesday, December 12. Hawkins Thomas F. sold $82,678 worth of stock.

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 $11.88B market cap company. The stock increased 1.63% or $1.93 during the last trading session, reaching $120.97. About 844,273 shares traded. Diamondback Energy, Inc. (NASDAQ:FANG) has risen 30.56% since April 17, 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 May, 1. They expect $1.51 EPS, up 45.19 % or $0.47 from last year’s $1.04 per share. FANG’s profit will be $148.24M for 20.03 P/E if the $1.51 EPS becomes a reality. After $1.56 actual EPS reported by Diamondback Energy, Inc. for the previous quarter, Wall Street now forecasts -3.21 % negative EPS growth.

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

Among 21 analysts covering Diamondback Energy (NASDAQ:FANG), 18 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Diamondback Energy had 39 analyst reports since October 18, 2017 according to SRatingsIntel. The stock of Diamondback Energy, Inc. (NASDAQ:FANG) has “Outperform” rating given on Wednesday, November 8 by Imperial Capital. The firm has “Overweight” rating given on Wednesday, January 24 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, April 11 by Stifel Nicolaus. The rating was maintained by Roth Capital on Monday, January 22 with “Buy”. The stock of Diamondback Energy, Inc. (NASDAQ:FANG) earned “Buy” rating by Stephens on Friday, February 16. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, October 18 report. The rating was maintained by SunTrust on Wednesday, February 14 with “Buy”. BMO Capital Markets maintained the shares of FANG in report on Tuesday, November 14 with “Buy” rating. The firm earned “Buy” rating on Wednesday, October 18 by KeyBanc Capital Markets. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, March 28.

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

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