J.W. Cole Advisors Inc. Sells 99 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

J.W. Cole Advisors Inc. lowered its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,965 shares of the oil and natural gas company’s stock after selling 99 shares during the period. J.W. Cole Advisors Inc.’s holdings in Diamondback Energy were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FANG. R Squared Ltd bought a new position in Diamondback Energy in the fourth quarter valued at $29,000. UMB Bank n.a. grew its position 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 valued at $31,000 after purchasing an additional 136 shares in the last quarter. Values First Advisors Inc. bought a new position in Diamondback Energy in the third quarter valued at $42,000. Ashton Thomas Securities LLC bought a new position in Diamondback Energy in the third quarter valued at $52,000. Finally, Synergy Asset Management LLC bought a new position in Diamondback Energy in the fourth quarter valued at $67,000. Institutional investors own 90.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FANG. JPMorgan Chase & Co. raised their target price on shares of Diamondback Energy from $191.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Raymond James increased their price target on shares of Diamondback Energy from $237.00 to $256.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $210.00 price target on shares of Diamondback Energy in a research note on Thursday, January 23rd. The Goldman Sachs Group assumed coverage on shares of Diamondback Energy in a research note on Monday, December 2nd. They set a “buy” rating and a $227.00 target price for the company. Finally, Wells Fargo & Company raised their target price on shares of Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Four investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $216.52.

Diamondback Energy Trading Up 2.2 %

FANG opened at $160.26 on Thursday. The firm 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. Diamondback Energy, Inc. has a fifty-two week low of $152.00 and a fifty-two week 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 company’s 50 day moving average price is $165.82 and its two-hundred day moving average price is $177.18.

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.