Diamondback Energy (FANG) Position Boosted by Raymond James & Associates

Raymond James & Associates boosted its position in Diamondback Energy (NASDAQ:FANG) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 209,175 shares of the oil and natural gas company’s stock after purchasing an additional 8,629 shares during the period. Raymond James & Associates owned about 0.21% of Diamondback Energy worth $26,408,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Artisan Partners Limited Partnership boosted its position in Diamondback Energy by 15.9% in the third quarter. Artisan Partners Limited Partnership now owns 2,141,967 shares of the oil and natural gas company’s stock worth $209,827,000 after purchasing an additional 294,048 shares during the last quarter. Van ECK Associates Corp boosted its position in Diamondback Energy by 2.0% in the third quarter. Van ECK Associates Corp now owns 1,706,199 shares of the oil and natural gas company’s stock worth $167,139,000 after purchasing an additional 33,582 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Diamondback Energy by 10.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,529,601 shares of the oil and natural gas company’s stock valued at $193,111,000 after buying an additional 145,951 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Diamondback Energy by 33.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,263,001 shares of the oil and natural gas company’s stock valued at $126,300,000 after buying an additional 318,035 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Diamondback Energy by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 876,107 shares of the oil and natural gas company’s stock valued at $110,554,000 after buying an additional 18,817 shares in the last quarter.

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A number of research analysts have recently weighed in on FANG shares. BidaskClub raised Diamondback Energy from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Zacks Investment Research cut Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Barclays reaffirmed a “buy” rating and set a $138.00 price objective on shares of Diamondback Energy in a research report on Sunday, December 24th. Stephens reaffirmed a “buy” rating and set a $159.00 price objective on shares of Diamondback Energy in a research report on Friday, February 16th. Finally, Northland Securities set a $120.00 price objective on Diamondback Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Four analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $141.60.

NASDAQ:FANG traded down $7.79 during trading hours on Friday, reaching $116.62. The stock had a trading volume of 3,287,086 shares, compared to its average volume of 1,425,231. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.61. Diamondback Energy has a 52 week low of $82.77 and a 52 week high of $134.60. The company has a market cap of $11,448.24, a price-to-earnings ratio of 22.00, a PEG ratio of 0.65 and a beta of 0.83.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Tuesday, February 13th. The oil and natural gas company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.16. Diamondback Energy had a return on equity of 9.63% and a net margin of 40.02%. The business had revenue of $399.19 million for the quarter, compared to the consensus estimate of $370.74 million. analysts anticipate that Diamondback Energy will post 6.86 EPS for the current year.

In other Diamondback Energy news, CFO Teresa L. Dick sold 2,500 shares of Diamondback Energy stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $130.97, for a total value of $327,425.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Travis D. Stice sold 87,150 shares of Diamondback Energy stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $125.20, for a total value of $10,911,180.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,431 shares of company stock worth $17,101,852. Corporate insiders own 0.41% of the company’s stock.

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Diamondback Energy Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations.

Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

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