Diamondback Energy, Inc. (NASDAQ:FANG) Shares Sold by Stephens Inc. AR

Stephens Inc. AR reduced its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 13.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,285 shares of the oil and natural gas company’s stock after selling 660 shares during the quarter. Stephens Inc. AR’s holdings in Diamondback Energy were worth $702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. R Squared Ltd acquired a new position in Diamondback Energy during the fourth quarter valued at $29,000. UMB Bank n.a. lifted its position in Diamondback Energy by 247.3% during the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 136 shares during the period. Values First Advisors Inc. acquired a new position in Diamondback Energy during the third quarter valued at $42,000. Ashton Thomas Securities LLC acquired a new position in Diamondback Energy during the third quarter valued at $52,000. Finally, Synergy Asset Management LLC acquired a new position in Diamondback Energy during the fourth quarter valued at $67,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FANG has been the subject of a number of research reports. Wolfe Research upgraded shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Friday, January 3rd. UBS Group boosted their target price on shares of Diamondback Energy from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group began coverage on shares of Diamondback Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $227.00 target price for the company. Raymond James lifted their price objective on shares of Diamondback Energy from $237.00 to $256.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler cut their price objective on shares of Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Diamondback Energy has a consensus rating of “Moderate Buy” and a consensus price target of $215.17.

Diamondback Energy Stock Up 0.5 %

FANG stock opened at $156.17 on Friday. The stock has a market capitalization of $45.60 billion, a P/E ratio of 8.94, a P/E/G ratio of 1.24 and a beta of 1.86. The firm has a 50-day simple moving average of $166.67 and a 200-day simple moving average of $178.46. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 52 week low of $152.00 and a 52 week high of $214.50.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.