Stephens Inc. AR Sells 660 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Stephens Inc. AR cut its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,285 shares of the oil and natural gas company’s stock after selling 660 shares during the period. Stephens Inc. AR’s holdings in Diamondback Energy were worth $702,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FANG. R Squared Ltd bought a new position in Diamondback Energy in the 4th quarter worth about $29,000. UMB Bank n.a. boosted its holdings in shares of 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 during the period. Values First Advisors Inc. purchased a new stake in shares of Diamondback Energy in the third quarter valued at approximately $42,000. Ashton Thomas Securities LLC bought a new position in Diamondback Energy in the third quarter worth approximately $52,000. Finally, Synergy Asset Management LLC purchased a new position in Diamondback Energy during the 4th quarter worth $67,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Trading Up 0.5 %

NASDAQ:FANG opened at $156.17 on Friday. Diamondback Energy, Inc. has a 12 month low of $152.00 and a 12 month high of $214.50. The firm has a fifty day simple moving average of $166.67 and a 200-day simple moving average of $178.46. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $45.60 billion, a P/E ratio of 8.94, a PEG ratio of 1.24 and a beta of 1.86.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. increased their price target on Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Benchmark reissued a “buy” rating and set a $195.00 target price on shares of Diamondback Energy in a research report on Tuesday, October 29th. Raymond James boosted their price target on shares of Diamondback Energy from $237.00 to $256.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group began coverage on shares of Diamondback Energy in a research note on Monday, December 2nd. They set a “buy” rating and a $227.00 price objective on the stock. 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $215.17.

Diamondback Energy 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.