Viking Fund Management LLC Position in Diamondback Ener (FANG) Has Lowered by $5.04 Million as Shares Rose

April 17, 2018 - By Linda Rogers

Investors sentiment decreased to 1.17 in Q4 2017. Its down 0.36, from 1.53 in 2017Q3. It turned 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. At National Bank & Trust accumulated 24,474 shares. Denali Ltd Company reported 0.76% stake. Piedmont Ltd Limited Liability Company has 5,593 shares. Tower Bridge Advisors, a Pennsylvania-based fund reported 1,810 shares. Scotia invested in 3,420 shares or 0.01% of the stock. Amer Int Gru has invested 0% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG). Toronto Dominion Commercial Bank has 0% invested in Diamondback Energy, Inc. (NASDAQ:FANG) for 5,206 shares. Bright Rock Cap Management Ltd reported 14,100 shares. Nuveen Asset Management Lc holds 0.06% or 76,958 shares in its portfolio. Lyon Street holds 25,800 shares or 1.09% of its portfolio. Voloridge Invest Limited Liability Company has 13,025 shares. Sterling Cap Mgmt Limited Liability owns 37,872 shares for 0.04% of their portfolio. Harvey Mngmt Inc holds 6,000 shares or 0.27% of its portfolio. Waddell & Reed Financial holds 413,064 shares or 0.12% of its portfolio. Cibc Asset Mngmt Incorporated has 0% invested in Diamondback Energy, Inc. (NASDAQ:FANG).

Since October 27, 2017, it had 0 insider purchases, and 16 sales for $24.02 million activity. Hollis Michael L. also sold $3.72M worth of Diamondback Energy, Inc. (NASDAQ:FANG) on Friday, February 16. Another trade for 1,000 shares valued at $112,129 was made by Dick Teresa L. on Wednesday, December 13. Molnar Paul sold $559,142 worth of stock or 5,000 shares. On Friday, February 16 the insider Van’t Hof Matthew Kaes sold $83,876. Pantermuehl Russell sold $2.98 million worth of stock or 23,760 shares. On Friday, February 16 the insider Hawkins Thomas F. sold $82,678.

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 $22.73M, 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 $11.88 billion 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 earnings per share, up 45.19 % or $0.47 from last year’s $1.04 per share. FANG’s profit will be $148.24 million for 20.03 P/E if the $1.51 EPS becomes a reality. After $1.56 actual earnings per share 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 has “Hold” rating by FBR Capital on Monday, February 5. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Tuesday, November 7. The rating was maintained by KeyBanc Capital Markets on Sunday, January 21 with “Buy”. On Tuesday, January 16 the stock rating was maintained by Mizuho with “Buy”. Stephens maintained Diamondback Energy, Inc. (NASDAQ:FANG) on Friday, February 16 with “Buy” rating. The firm earned “Buy” rating on Monday, February 26 by Piper Jaffray. SunTrust maintained Diamondback Energy, Inc. (NASDAQ:FANG) rating on Wednesday, February 14. SunTrust has “Buy” rating and $165.0 target. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, January 29 report. BMO Capital Markets maintained Diamondback Energy, Inc. (NASDAQ:FANG) rating on Thursday, January 11. BMO Capital Markets has “Buy” rating and $150.0 target. The rating was maintained by Roth Capital with “Buy” on Monday, January 22.

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

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