New York State Common Retirement Fund decreased its position in shares of Diamondback Energy Inc (NASDAQ:FANG) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,604 shares of the oil and natural gas company’s stock after selling 8,350 shares during the quarter. New York State Common Retirement Fund’s holdings in Diamondback Energy were worth $35,436,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in FANG. CNB Bank purchased a new stake in Diamondback Energy in the 4th quarter valued at approximately $30,000. FNY Investment Advisers LLC lifted its stake in Diamondback Energy by 4,118.2% in the 3rd quarter. FNY Investment Advisers LLC now owns 464 shares of the oil and natural gas company’s stock valued at $41,000 after buying an additional 453 shares in the last quarter. Evoke Wealth LLC purchased a new stake in Diamondback Energy in the 3rd quarter valued at approximately $45,000. Baystate Wealth Management LLC lifted its stake in Diamondback Energy by 10,766.7% in the 4th quarter. Baystate Wealth Management LLC now owns 652 shares of the oil and natural gas company’s stock valued at $61,000 after buying an additional 646 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Diamondback Energy by 1,243.1% in the 4th quarter. Huntington National Bank now owns 685 shares of the oil and natural gas company’s stock valued at $64,000 after buying an additional 634 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of FANG opened at $74.97 on Friday. The stock has a fifty day moving average of $85.05 and a two-hundred day moving average of $87.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.68 and a current ratio of 0.72. The company has a market capitalization of $11.96 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.66 and a beta of 0.98. Diamondback Energy Inc has a fifty-two week low of $71.72 and a fifty-two week high of $114.14.
Diamondback Energy Profile
Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily 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.
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