Diamondback Energy, Inc. (NASDAQ:FANG) Shares Bought by South Dakota Investment Council

South Dakota Investment Council raised its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,990 shares of the oil and natural gas company’s stock after purchasing an additional 500 shares during the period. South Dakota Investment Council’s holdings in Diamondback Energy were worth $15,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in FANG. Sequoia Financial Advisors LLC raised its position in shares of Diamondback Energy by 11.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,266 shares of the oil and natural gas company’s stock worth $1,080,000 after acquiring an additional 636 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Diamondback Energy by 17,151.2% during the 3rd quarter. International Assets Investment Management LLC now owns 340,021 shares of the oil and natural gas company’s stock worth $58,620,000 after acquiring an additional 338,050 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Diamondback Energy by 21.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 7,855 shares of the oil and natural gas company’s stock worth $1,354,000 after buying an additional 1,405 shares during the period. IFM Investors Pty Ltd increased its position in Diamondback Energy by 29.7% during the third quarter. IFM Investors Pty Ltd now owns 45,603 shares of the oil and natural gas company’s stock worth $7,862,000 after buying an additional 10,453 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Diamondback Energy by 62.5% during the third quarter. Assenagon Asset Management S.A. now owns 90,413 shares of the oil and natural gas company’s stock worth $15,587,000 after buying an additional 34,783 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Stock Down 3.7 %

FANG opened at $156.12 on Friday. The business’s fifty day moving average is $165.60 and its two-hundred day moving average is $176.67. 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 market cap of $45.59 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.24 and a beta of 1.86. Diamondback Energy, Inc. has a one year low of $152.00 and a one year high of $214.50.

Analyst Ratings Changes

Several research analysts have commented on the company. Raymond James lifted their price target on Diamondback Energy from $237.00 to $256.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley lifted their price target on Diamondback Energy from $220.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group lifted their price target on Diamondback Energy from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company lifted their price target on Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Finally, Truist Financial lifted their target price on Diamondback Energy from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $216.22.

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.