Capital Advisors Inc. OK Invests $316,000 in Diamondback Energy, Inc. (NASDAQ:FANG)

Capital Advisors Inc. OK purchased a new stake in Diamondback Energy, Inc. (NASDAQ:FANG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,929 shares of the oil and natural gas company’s stock, valued at approximately $316,000.

Other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in Diamondback Energy in the fourth quarter valued at approximately $29,000. UMB Bank n.a. lifted its holdings in shares of Diamondback Energy by 247.3% in the 4th quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 136 shares during the last quarter. Values First Advisors Inc. acquired a new position in Diamondback Energy during the 3rd quarter valued at approximately $42,000. Ashton Thomas Securities LLC bought a new position in Diamondback Energy during the 3rd quarter worth $52,000. Finally, Synergy Asset Management LLC acquired a new stake in Diamondback Energy in the fourth quarter worth $67,000. Institutional investors own 90.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and set a $195.00 price target on shares of Diamondback Energy in a report on Tuesday, October 29th. The Goldman Sachs Group initiated 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. Susquehanna dropped their price target on shares of Diamondback Energy from $237.00 to $233.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. UBS Group reduced their price objective on Diamondback Energy from $235.00 to $212.00 and set a “buy” rating for the company in a research report on Monday, December 9th. Finally, Truist Financial raised their target price on Diamondback Energy from $230.00 to $236.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $215.00.

Diamondback Energy Stock Down 4.0 %

FANG stock opened at $155.46 on Thursday. The firm has a market cap of $45.39 billion, a PE ratio of 8.90, a P/E/G ratio of 1.24 and a beta of 1.86. Diamondback Energy, Inc. has a 12 month low of $152.00 and a 12 month 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 firm has a 50 day simple moving average of $166.98 and a 200 day simple moving average of $178.62.

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.