Gladstone Institutional Advisory LLC Raises Stake in Diamondback Energy, Inc. (NASDAQ:FANG)

Gladstone Institutional Advisory LLC increased its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,923 shares of the oil and natural gas company’s stock after buying an additional 74 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Diamondback Energy were worth $643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FANG. Assenagon Asset Management S.A. raised its holdings in shares of Diamondback Energy by 1,153.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,132,918 shares of the oil and natural gas company’s stock valued at $185,606,000 after acquiring an additional 1,042,505 shares in the last quarter. Zimmer Partners LP purchased a new stake in shares of Diamondback Energy in the 3rd quarter worth approximately $87,924,000. Holocene Advisors LP boosted its stake in shares of Diamondback Energy by 95.3% during the third quarter. Holocene Advisors LP now owns 938,474 shares of the oil and natural gas company’s stock valued at $161,793,000 after purchasing an additional 457,896 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Diamondback Energy by 25.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 2,158,910 shares of the oil and natural gas company’s stock valued at $372,196,000 after buying an additional 439,579 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Diamondback Energy by 17,151.2% in the third quarter. International Assets Investment Management LLC now owns 340,021 shares of the oil and natural gas company’s stock worth $58,620,000 after buying an additional 338,050 shares in the last quarter. Institutional investors own 90.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FANG. Truist Financial lifted their price target on Diamondback Energy from $230.00 to $236.00 and gave the company a “buy” rating in a report on Monday, January 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $210.00 target price on shares of Diamondback Energy in a report on Thursday, January 23rd. Wolfe Research upgraded shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Friday, January 3rd. Raymond James boosted their price objective on shares of Diamondback Energy from $237.00 to $256.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $215.17.

Diamondback Energy Trading Up 0.5 %

Shares of Diamondback Energy stock opened at $156.99 on Friday. Diamondback Energy, Inc. has a 1 year low of $152.00 and a 1 year 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 stock has a market cap of $45.84 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The firm has a fifty day moving average price of $166.34 and a 200 day moving average price of $178.30.

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.