As Diamondback Ener (FANG) Stock Price Rose, Viking Fund Management LLC Has Trimmed Its Stake by $5.04 Million

April 17, 2018 - By Clifton Ray

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. Lord Abbett & Co Limited Liability Company, a New Jersey-based fund reported 206,304 shares. Amalgamated State Bank owns 19,016 shares for 0.06% of their portfolio. Kbc Group Nv owns 9,545 shares. Icon Advisers Inc Co holds 330,931 shares or 2.89% of its portfolio. Hodges Inc stated it has 0.88% in Diamondback Energy, Inc. (NASDAQ:FANG). Verition Fund Mngmt Limited Liability Com invested 0.04% in Diamondback Energy, Inc. (NASDAQ:FANG). Polaris Lc holds 0.95% of its portfolio in Diamondback Energy, Inc. (NASDAQ:FANG) for 974,989 shares. Keybank Association Oh has invested 0.16% in Diamondback Energy, Inc. (NASDAQ:FANG). Morgan Dempsey Capital Management Ltd Liability reported 552 shares or 0.02% of all its holdings. Loomis Sayles And Communication Lp reported 0.03% in Diamondback Energy, Inc. (NASDAQ:FANG). Piedmont Investment Advsr Limited Co holds 0.01% or 5,593 shares in its portfolio. Commonwealth National Bank & Trust Of Aus holds 100 shares or 0% of its portfolio. Raymond James Assoc stated it has 209,175 shares or 0.05% of all its holdings. Public Employees Retirement Association Of Colorado accumulated 19,012 shares. Guggenheim Cap Lc stated it has 91,992 shares.

Since October 27, 2017, it had 0 insider purchases, and 16 sales for $24.02 million activity. Shares for $23,128 were sold by Soliman Jennifer. Dick Teresa L. also sold $843,801 worth of Diamondback Energy, Inc. (NASDAQ:FANG) on Friday, February 16. Molnar Paul had sold 12,649 shares worth $1.58M. 6,723 shares were sold by HOLDER RANDALL J, worth $843,796 on Friday, February 16. Hawkins Thomas F. also sold $82,678 worth of Diamondback Energy, Inc. (NASDAQ:FANG) on Friday, February 16. Van’t Hof Matthew Kaes sold 400 shares worth $44,710.

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 $11.88B 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 $612.38 million 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 $148.24M 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. Credit Suisse maintained the shares of FANG in report on Tuesday, January 23 with “Buy” rating. The firm earned “Buy” rating on Monday, December 11 by Credit Suisse. The firm has “Buy” rating by Stephens given on Friday, February 16. The firm earned “Buy” rating on Thursday, April 5 by Piper Jaffray. The stock has “Overweight” rating by Morgan Stanley on Wednesday, October 18. The rating was maintained by FBR Capital with “Hold” on Thursday, February 15. On Thursday, January 11 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of Diamondback Energy, Inc. (NASDAQ:FANG) has “Buy” rating given on Monday, January 29 by Stifel Nicolaus. KeyBanc Capital Markets maintained Diamondback Energy, Inc. (NASDAQ:FANG) on Tuesday, November 7 with “Overweight” rating. Mizuho maintained it with “Buy” rating and $122.0 target in Tuesday, November 21 report.

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

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