New York State Common Retirement Fund Decreases Holdings in Diamondback Energy Inc (NASDAQ:FANG)

Share on StockTwits

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.

FANG has been the topic of a number of recent research reports. Zacks Investment Research raised Diamondback Energy from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Monday, January 27th. Wells Fargo & Co reduced their target price on Diamondback Energy from $134.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. TD Securities reduced their target price on Diamondback Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Barclays reduced their target price on Diamondback Energy from $189.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, Bank of America reaffirmed a “buy” rating and issued a $148.00 target price on shares of Diamondback Energy in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Diamondback Energy currently has an average rating of “Buy” and a consensus price target of $131.05.

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.

Recommended Story: Learning About the VIX – Volatility Index

Want to see what other hedge funds are holding FANG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diamondback Energy Inc (NASDAQ:FANG).

Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

Receive News & Ratings for Diamondback Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.