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

Leeward Investments LLC MA decreased its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Diamondback Energy in the fourth quarter valued at about $29,000. UMB Bank n.a. grew its stake in shares of Diamondback Energy by 247.3% in the 4th 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 grew its stake in shares of Diamondback Energy by 940.0% in the 4th 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 purchased a new position in shares of Diamondback Energy in the 3rd quarter valued at approximately $52,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Diamondback Energy in the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho lowered their target price on Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group assumed coverage on shares of Diamondback Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $227.00 price objective for the company. UBS Group upped their price objective on shares of Diamondback Energy from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of Diamondback Energy in a report on Thursday, January 23rd. Finally, Truist Financial increased their target price on Diamondback Energy from $236.00 to $238.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Diamondback Energy has a consensus rating of “Moderate Buy” and a consensus target price of $216.22.

Diamondback Energy Stock Performance

Shares of FANG opened at $156.12 on Monday. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The stock has a market cap of $45.59 billion, a P/E ratio of 8.94, a PEG ratio of 1.24 and a beta of 1.86. The company has a 50-day moving average of $165.60 and a two-hundred day moving average of $176.57. Diamondback Energy, Inc. has a 12-month low of $152.00 and a 12-month high of $214.50.

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.