Freedom Day Solutions LLC Has $1.52 Million Stock Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Freedom Day Solutions LLC cut its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 1.8% during the 4th quarter, HoldingsChannel reports. The firm owned 9,304 shares of the oil and natural gas company’s stock after selling 174 shares during the quarter. Freedom Day Solutions LLC’s holdings in Diamondback Energy were worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FANG. R Squared Ltd acquired a new stake in Diamondback Energy in the fourth quarter worth $29,000. UMB Bank n.a. raised its holdings in Diamondback Energy by 247.3% in the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 136 shares during the period. Key Financial Inc raised its holdings in Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock worth $34,000 after purchasing an additional 188 shares during the period. Values First Advisors Inc. acquired a new stake in shares of Diamondback Energy during the third quarter worth $42,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Diamondback Energy during the third quarter worth $52,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FANG shares. Morgan Stanley raised their price objective on shares of Diamondback Energy from $220.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday. 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. UBS Group raised 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, February 13th. JPMorgan Chase & Co. raised their price objective on shares of Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $210.00 price objective on shares of Diamondback Energy 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 data from MarketBeat, Diamondback Energy currently has a consensus rating of “Moderate Buy” and an average target price of $216.52.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $160.26 on Thursday. The company has a market capitalization of $46.79 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.22 and a beta of 1.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45. The company has a 50-day simple moving average of $165.82 and a 200 day simple moving average of $177.18. Diamondback Energy, Inc. has a 52 week low of $152.00 and a 52 week high of $214.50.

Diamondback Energy Company 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.