Buckhead Capital Management LLC Acquires 67 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Buckhead Capital Management LLC grew its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 0.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,830 shares of the oil and natural gas company’s stock after purchasing an additional 67 shares during the quarter. Buckhead Capital Management LLC’s holdings in Diamondback Energy were worth $3,249,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Financial Advocates Investment Management grew its position in Diamondback Energy by 3.0% during the 3rd quarter. Financial Advocates Investment Management now owns 1,907 shares of the oil and natural gas company’s stock worth $329,000 after acquiring an additional 55 shares during the last quarter. Greenup Street Wealth Management LLC boosted its stake in shares of Diamondback Energy by 3.4% during the third quarter. Greenup Street Wealth Management LLC now owns 1,817 shares of the oil and natural gas company’s stock valued at $313,000 after purchasing an additional 60 shares during the period. Lakewood Asset Management LLC grew its holdings in shares of Diamondback Energy by 0.5% in the fourth quarter. Lakewood Asset Management LLC now owns 11,340 shares of the oil and natural gas company’s stock worth $1,858,000 after purchasing an additional 60 shares during the last quarter. West Family Investments Inc. increased its stake in shares of Diamondback Energy by 3.4% in the third quarter. West Family Investments Inc. now owns 1,852 shares of the oil and natural gas company’s stock worth $319,000 after buying an additional 61 shares during the period. Finally, Magnolia Capital Advisors LLC raised its holdings in Diamondback Energy by 2.0% during the 4th quarter. Magnolia Capital Advisors LLC now owns 3,247 shares of the oil and natural gas company’s stock valued at $532,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FANG. UBS Group raised their price target on shares of Diamondback Energy from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group started coverage on Diamondback Energy in a research note on Monday, December 2nd. They issued a “buy” rating and a $227.00 target price on the stock. Susquehanna lowered their price target on Diamondback Energy from $237.00 to $233.00 and set a “positive” rating for the company in a research report on Friday, October 18th. Piper Sandler cut their price objective on Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, Raymond James upped their target price on Diamondback Energy from $237.00 to $256.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $215.17.

Diamondback Energy Stock Performance

Shares of FANG opened at $156.17 on Friday. Diamondback Energy, Inc. has a 52 week low of $152.00 and a 52 week high of $214.50. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31. The stock has a market cap 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 business’s 50 day moving average price is $166.67 and its 200-day moving average price is $178.46.

About Diamondback Energy

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.