Buckhead Capital Management LLC Grows Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Buckhead Capital Management LLC raised its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,830 shares of the oil and natural gas company’s stock after buying an additional 67 shares during the period. Buckhead Capital Management LLC’s holdings in Diamondback Energy were worth $3,249,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of FANG. State Street Corp raised its stake in shares of Diamondback Energy by 1.3% during the 3rd quarter. State Street Corp now owns 11,858,555 shares of the oil and natural gas company’s stock worth $2,044,415,000 after purchasing an additional 149,871 shares during the period. Geode Capital Management LLC grew its position in Diamondback Energy by 6.1% during the third quarter. Geode Capital Management LLC now owns 4,618,560 shares of the oil and natural gas company’s stock valued at $793,611,000 after buying an additional 266,299 shares during the period. Pacer Advisors Inc. increased its holdings in Diamondback Energy by 9.3% during the third quarter. Pacer Advisors Inc. now owns 2,704,520 shares of the oil and natural gas company’s stock worth $466,259,000 after buying an additional 230,689 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in Diamondback Energy by 25.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,158,910 shares of the oil and natural gas company’s stock worth $372,196,000 after acquiring an additional 439,579 shares during the period. Finally, Yacktman Asset Management LP boosted its stake in Diamondback Energy by 9.3% in the fourth quarter. Yacktman Asset Management LP now owns 1,388,434 shares of the oil and natural gas company’s stock valued at $227,467,000 after acquiring an additional 118,603 shares during the last quarter. Institutional investors own 90.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FANG. The Goldman Sachs Group assumed coverage on shares of Diamondback Energy in a research note on Monday, December 2nd. They set a “buy” rating and a $227.00 price target for the company. Piper Sandler reduced their price objective on Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Susquehanna lowered their target price on Diamondback Energy from $237.00 to $233.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Truist Financial increased their price target on Diamondback Energy from $230.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, StockNews.com raised Diamondback Energy from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Four equities 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $215.17.

Diamondback Energy Stock Up 0.5 %

Shares of NASDAQ FANG opened at $156.17 on Friday. 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 business has a 50-day moving average of $166.67 and a 200-day moving average of $178.46. The firm has a market capitalization of $45.60 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 12 month low of $152.00 and a 12 month high of $214.50.

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.