Diamondback Energy, Inc. $FANG Shares Purchased by One Way Holdings LLC

One Way Holdings LLC lifted its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,764 shares of the oil and natural gas company’s stock after acquiring an additional 7,505 shares during the period. One Way Holdings LLC’s holdings in Diamondback Energy were worth $23,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Waverly Advisors LLC boosted its position in Diamondback Energy by 347.1% in the second quarter. Waverly Advisors LLC now owns 164,536 shares of the oil and natural gas company’s stock valued at $28,922,000 after buying an additional 127,732 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Diamondback Energy by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 512,271 shares of the oil and natural gas company’s stock worth $90,047,000 after buying an additional 16,424 shares during the period. USA Financial Formulas acquired a new position in Diamondback Energy in the 3rd quarter worth approximately $1,141,000. Robinhood Asset Management LLC purchased a new position in Diamondback Energy during the 2nd quarter worth approximately $11,307,000. Finally, Goehring & Rozencwajg Associates LLC raised its position in Diamondback Energy by 33.1% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 113,489 shares of the oil and natural gas company’s stock worth $22,447,000 after buying an additional 28,246 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Performance

Diamondback Energy stock opened at $212.08 on Monday. The firm has a market cap of $59.39 billion, a PE ratio of 41.34 and a beta of 0.49. Diamondback Energy, Inc. has a 12 month low of $137.03 and a 12 month high of $216.90. The stock’s 50 day simple moving average is $197.38 and its two-hundred day simple moving average is $189.06. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.08 by $0.40. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The firm had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the business posted $2.38 EPS. The business’s revenue was up 51.2% compared to the same quarter last year. Analysts anticipate that Diamondback Energy, Inc. will post 21.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Diamondback Energy from $215.00 to $224.00 and gave the stock an “outperform” rating in a research note on Friday, October 2nd. Wall Street Zen upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th. Capital One Financial upped their price target on shares of Diamondback Energy from $272.00 to $283.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. increased their price target on Diamondback Energy from $211.00 to $233.00 in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company increased their price target on Diamondback Energy from $262.00 to $263.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $228.43.

Insider Buying and Selling at Diamondback Energy

In other news, Director Charles Meloy sold 33,333 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $183.74, for a total transaction of $6,124,605.42. Following the completion of the transaction, the director directly owned 759,864 shares of the company’s stock, valued at $139,617,411.36. This represents a 4.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis D. Stice sold 75,000 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $204.31, for a total value of $15,323,250.00. Following the transaction, the director owned 49,727 shares in the company, valued at $10,159,723.37. This trade represents a 60.13% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.64% of the stock is currently owned by company insiders.

Diamondback Energy Profile

Diamondback Energy, Inc is an independent oil and natural gas company engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. The company’s operations are concentrated in the Permian Basin of West Texas and southeastern New Mexico, particularly the Midland and Delaware Basins.

Diamondback produces crude oil, natural gas and natural gas liquids from horizontal wells and related infrastructure. Its activities include drilling and completing wells, operating gathering and processing assets, and managing midstream services that support production.