Viking Fund Management LLC Position in Diamondback Ener (FANG) Decreased by $5.04 Million

April 17, 2018 - By Vivian Currie

Investors sentiment decreased to 1.17 in Q4 2017. Its down 0.36, from 1.53 in 2017Q3. It worsened, 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. Viking Lp, Connecticut-based fund reported 618,923 shares. First Personal Fincl Services holds 0.05% or 1,919 shares in its portfolio. Glob X Ltd Com owns 838 shares or 0% of their US portfolio. Balyasny Asset Management Limited Liability Co owns 3,552 shares or 0% of their US portfolio. Magnetar Financial Limited reported 4,871 shares stake. Connecticut-based Wexford Cap Limited Partnership has invested 4.61% in Diamondback Energy, Inc. (NASDAQ:FANG). Driehaus Management Ltd Limited Liability Company reported 10,084 shares. Plante Moran Fin Advsrs Limited Liability, Michigan-based fund reported 6 shares. Bright Rock Management Limited Liability Company reported 14,100 shares stake. 326,242 are owned by D E Shaw &. Bancorp owns 440 shares or 0.02% of their US portfolio. Westpac Bk owns 6,025 shares for 0.02% of their portfolio. Ami Asset Management Corporation holds 1.28% or 146,766 shares in its portfolio. Bw Gestao De Investimentos Ltda holds 25,000 shares. Barclays Plc accumulated 0% or 19,991 shares.

Since October 27, 2017, it had 0 buys, and 16 sales for $24.02 million activity. Shares for $559,142 were sold by Molnar Paul on Monday, December 11. Another trade for 29,745 shares valued at $3.72M was sold by Hollis Michael L.. On Tuesday, December 12 the insider Van’t Hof Matthew Kaes sold $44,710. Hawkins Thomas F. also sold $82,678 worth of Diamondback Energy, Inc. (NASDAQ:FANG) on Friday, February 16. Dick Teresa L. sold $112,129 worth of stock or 1,000 shares. $23,128 worth of Diamondback Energy, Inc. (NASDAQ:FANG) was sold by Soliman Jennifer.

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 $612.38 million US Long portfolio, upped its stake in Kinder Morgan In (NYSE:KMI) by 412,500 shares to 965,000 shares, valued at $17.44 million 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. The firm earned “Overweight” rating on Tuesday, November 7 by KeyBanc Capital Markets. Northland Capital maintained the shares of FANG in report on Monday, December 11 with “Buy” rating. The stock of Diamondback Energy, Inc. (NASDAQ:FANG) has “Buy” rating given on Friday, February 16 by Stephens. Piper Jaffray maintained the shares of FANG in report on Thursday, October 19 with “Buy” rating. FBR Capital initiated the shares of FANG in report on Monday, February 5 with “Hold” rating. KeyBanc Capital Markets maintained Diamondback Energy, Inc. (NASDAQ:FANG) on Sunday, January 21 with “Buy” rating. The firm has “Buy” rating by Northland Capital given on Wednesday, February 14. Morgan Stanley maintained the shares of FANG in report on Wednesday, February 7 with “Overweight” rating. The stock of Diamondback Energy, Inc. (NASDAQ:FANG) earned “Buy” rating by Stifel Nicolaus on Wednesday, April 11. Credit Suisse initiated the shares of FANG in report on Monday, December 11 with “Buy” rating.

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

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