Today, the EVP of Diamondback (FANG), Randall Holder, sold shares of FANG for $416.5K.
In addition to Randall Holder, 3 other FANG executives reported Sell trades in the last month.
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Based on Diamondback’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $633 million and quarterly net profit of $307 million. In comparison, last year the company earned revenue of $399 million and had a net profit of $115 million. FANG’s market cap is $17.17B and the company has a P/E ratio of 13.14. Currently, Diamondback has an average volume of 1.3M.
Based on 10 analyst ratings, the analyst consensus is Strong Buy with an average price target of $148.70, reflecting a 44.1% upside.
In the last 30 days, insiders have sold $626.1K worth of FANG shares and purchased $505.3K worth of FANG shares. The insider sentiment on Diamondback has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Randall Holder’s trades have generated a -3.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Diamondback Energy, Inc. is independent oil and natural gas company. The firm engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves. It focuses on the Permian Basin. The company was founded in December 2007 and is headquartered in Midland, TX.