Diamondback Energy, Inc. (NASDAQ:FANG) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 52,463 shares of the oil and natural gas company’s stock after selling 1,821 shares during the period. Leeward Investments LLC MA’s holdings in Diamondback Energy were worth $8,595,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Diamondback Energy in the fourth quarter valued at $29,000. UMB Bank n.a. increased its stake in Diamondback Energy by 247.3% in 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 last quarter. Key Financial Inc increased its stake in Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock valued at $34,000 after purchasing an additional 188 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Diamondback Energy in the third quarter worth approximately $52,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Diamondback Energy in the fourth quarter worth approximately $67,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Wall Street Analyst Weigh In

FANG has been the topic of several research analyst reports. Piper Sandler decreased their target price on shares of Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. upped their price objective on Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Truist Financial upped their price objective on Diamondback Energy from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Wells Fargo & Company upped their price objective on Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, UBS Group lifted their price objective on Diamondback Energy from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Diamondback Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.22.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $156.12 on Monday. Diamondback Energy, Inc. has a 12 month low of $152.00 and a 12 month high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The firm has a market capitalization of $45.59 billion, a P/E ratio of 8.94, a P/E/G ratio of 1.24 and a beta of 1.86. The company’s fifty day moving average price is $165.60 and its two-hundred day moving average price is $176.57.

Diamondback Energy 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.