Diamondback Energy, Inc. (NASDAQ:FANG) Shares Bought by Avestar Capital LLC

Avestar Capital LLC grew its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,502 shares of the oil and natural gas company’s stock after purchasing an additional 139 shares during the period. Avestar Capital LLC’s holdings in Diamondback Energy were worth $410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Davidson Capital Management Inc. raised its holdings in shares of Diamondback Energy by 15.5% during the fourth quarter. Davidson Capital Management Inc. now owns 19,072 shares of the oil and natural gas company’s stock worth $3,125,000 after purchasing an additional 2,564 shares during the period. Gladstone Institutional Advisory LLC raised its holdings in shares of Diamondback Energy by 1.9% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 3,923 shares of the oil and natural gas company’s stock worth $643,000 after purchasing an additional 74 shares during the period. Capital Advisors Inc. OK acquired a new stake in shares of Diamondback Energy during the fourth quarter worth $316,000. Louisiana State Employees Retirement System raised its holdings in shares of Diamondback Energy by 29.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the oil and natural gas company’s stock worth $5,144,000 after purchasing an additional 7,200 shares during the period. Finally, Portfolio Design Labs LLC acquired a new stake in shares of Diamondback Energy during the fourth quarter worth $246,000. 90.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FANG has been the topic of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and set a $210.00 target price on shares of Diamondback Energy in a report on Thursday, January 23rd. Truist Financial increased their price objective on shares of Diamondback Energy from $230.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, January 13th. UBS Group increased their price objective 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 shares of Diamondback Energy in a report on Monday, December 2nd. They issued a “buy” rating and a $227.00 price objective on the stock. Finally, Mizuho dropped their price objective on shares of Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.17.

Diamondback Energy Stock Performance

NASDAQ:FANG opened at $156.99 on Friday. Diamondback Energy, Inc. has a twelve month low of $152.00 and a twelve month high of $214.50. 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 company has a 50-day moving average of $166.34 and a 200-day moving average of $178.30. The firm has a market cap of $45.84 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86.

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.