Diamondback Energy INC (FANG) Share Price Declined While Brenham Capital Management LP Trimmed by $12.60 Million Its Holding

June 14, 2018 - By Michael Collier

Investors sentiment decreased to 1.07 in Q1 2018. Its down 0.10, from 1.17 in 2017Q4. It turned negative, as 31 investors sold FANG shares while 141 reduced holdings. 68 funds opened positions while 116 raised stakes. 98.84 million shares or 0.24% less from 99.08 million shares in 2017Q4 were reported. Janney Montgomery Scott Ltd Liability Co reported 0.07% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG). Qs Ltd Liability Co invested in 8,801 shares. Encompass Capital Advsrs Ltd Limited Liability Company stated it has 4.63% in Diamondback Energy, Inc. (NASDAQ:FANG). Dimensional Fund Advisors Ltd Partnership has invested 0.03% in Diamondback Energy, Inc. (NASDAQ:FANG). Texas Capital Fincl Bank Tx owns 8,646 shares or 2.58% of their US portfolio. Advisory invested in 2,116 shares. Pine Brook Road Advsrs LP has 9.87% invested in Diamondback Energy, Inc. (NASDAQ:FANG) for 83,650 shares. Hancock accumulated 85,787 shares. Westpac Corp owns 6,025 shares for 0% of their portfolio. Profund Advsr Limited Liability Company has 3,349 shares. Victory Cap Mgmt Incorporated holds 1.19 million shares or 0.33% of its portfolio. Moreover, Highland Mngmt Ltd Partnership has 0.08% invested in Diamondback Energy, Inc. (NASDAQ:FANG). Cambridge Trust has invested 0.83% in Diamondback Energy, Inc. (NASDAQ:FANG). Moreover, Gradient Invests Llc has 0.02% invested in Diamondback Energy, Inc. (NASDAQ:FANG) for 3,579 shares. Susquehanna Group Ltd Liability Partnership owns 14,491 shares.

Since January 16, 2018, it had 0 buys, and 15 sales for $24.06 million activity. On Monday, March 5 Molnar Paul sold $1.30M worth of Diamondback Energy, Inc. (NASDAQ:FANG) or 10,000 shares. Soliman Jennifer sold 183 shares worth $23,128. Stice Travis D. sold $10.91M worth of stock. Shares for $2.98 million were sold by Pantermuehl Russell. Hawkins Thomas F. sold $82,678 worth of stock. The insider Hollis Michael L. sold $356,400.

Brenham Capital Management Lp decreased its stake in Diamondback Energy Inc (FANG) by 10% based on its latest 2018Q1 regulatory filing with the SEC. Brenham Capital Management Lp sold 100,000 shares as the company’s stock declined 5.77% with the market. The institutional investor held 900,000 shares of the energy company at the end of 2018Q1, valued at $113.87 million, down from 1.00M at the end of the previous reported quarter. Brenham Capital Management Lp who had been investing in Diamondback Energy Inc for a number of months, seems to be less bullish one the $11.64B market cap company. The stock decreased 0.30% or $0.36 during the last trading session, reaching $117.99. About 454,869 shares traded. Diamondback Energy, Inc. (NASDAQ:FANG) has risen 20.80% since June 14, 2017 and is uptrending. It has outperformed by 8.23% the S&P500.

Analysts await Diamondback Energy, Inc. (NASDAQ:FANG) to report earnings on August, 7. They expect $1.52 earnings per share, up 8.57 % or $0.12 from last year’s $1.4 per share. FANG’s profit will be $149.89M for 19.41 P/E if the $1.52 EPS becomes a reality. After $1.64 actual earnings per share reported by Diamondback Energy, Inc. for the previous quarter, Wall Street now forecasts -7.32 % negative EPS growth.

Another recent and important Diamondback Energy, Inc. (NASDAQ:FANG) news was published by Seekingalpha.com which published an article titled: “Diamondback Energy: Production Growth To Drive Stock” on June 04, 2018.

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

Among 18 analysts covering Diamondback (NASDAQ:FANG), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Diamondback had 36 analyst reports since January 9, 2018 according to SRatingsIntel. As per Tuesday, May 22, the company rating was maintained by JP Morgan. The firm has “Overweight” rating given on Wednesday, February 7 by Morgan Stanley. As per Wednesday, February 14, the company rating was maintained by SunTrust. As per Thursday, January 11, the company rating was maintained by BMO Capital Markets. Stephens maintained Diamondback Energy, Inc. (NASDAQ:FANG) on Tuesday, February 6 with “Buy” rating. The stock of Diamondback Energy, Inc. (NASDAQ:FANG) has “Buy” rating given on Monday, April 23 by Stifel Nicolaus. The stock of Diamondback Energy, Inc. (NASDAQ:FANG) earned “Hold” rating by Williams Capital Group on Wednesday, May 9. The stock of Diamondback Energy, Inc. (NASDAQ:FANG) has “Overweight” rating given on Wednesday, January 24 by Morgan Stanley. As per Tuesday, January 9, the company rating was maintained by Piper Jaffray. The stock of Diamondback Energy, Inc. (NASDAQ:FANG) earned “Overweight” rating by KeyBanc Capital Markets on Monday, April 23.

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

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