Diamondback Energy Inc (NASDAQ:FANG) Shares Acquired by First National Bank of Omaha

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First National Bank of Omaha increased its stake in Diamondback Energy Inc (NASDAQ:FANG) by 31.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,023 shares of the oil and natural gas company’s stock after acquiring an additional 9,231 shares during the quarter. First National Bank of Omaha’s holdings in Diamondback Energy were worth $3,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Corient Capital Partners LLC grew its holdings in shares of Diamondback Energy by 6.9% during the third quarter. Corient Capital Partners LLC now owns 2,274 shares of the oil and natural gas company’s stock valued at $204,000 after buying an additional 146 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Diamondback Energy by 81.7% during the second quarter. Commonwealth Bank of Australia now owns 338 shares of the oil and natural gas company’s stock valued at $34,000 after buying an additional 152 shares in the last quarter. Timber Creek Capital Management LLC grew its holdings in shares of Diamondback Energy by 0.8% during the third quarter. Timber Creek Capital Management LLC now owns 19,720 shares of the oil and natural gas company’s stock valued at $1,773,000 after buying an additional 165 shares in the last quarter. Goelzer Investment Management Inc. grew its holdings in shares of Diamondback Energy by 0.9% during the third quarter. Goelzer Investment Management Inc. now owns 19,512 shares of the oil and natural gas company’s stock valued at $1,754,000 after buying an additional 178 shares in the last quarter. Finally, Fruth Investment Management grew its holdings in shares of Diamondback Energy by 7.7% during the fourth quarter. Fruth Investment Management now owns 2,479 shares of the oil and natural gas company’s stock valued at $230,000 after buying an additional 178 shares in the last quarter. Institutional investors and hedge funds own 98.48% of the company’s stock.

A number of research analysts have recently weighed in on FANG shares. Roth Capital lifted their price target on Diamondback Energy from $140.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Oppenheimer downgraded Diamondback Energy from an “outperform” rating to a “market perform” rating and set a $138.00 price target on the stock. in a report on Thursday, November 7th. Morgan Stanley lowered their price target on Diamondback Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a report on Monday, October 14th. SunTrust Banks lowered their price target on Diamondback Energy from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, BidaskClub downgraded Diamondback Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $133.71.

FANG opened at $89.54 on Friday. The stock has a market cap of $14.37 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.81 and a beta of 0.85. Diamondback Energy Inc has a 1 year low of $73.18 and a 1 year high of $114.14. The company has a current ratio of 0.72, a quick ratio of 0.68 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $87.97 and a 200 day moving average price of $91.49.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Tuesday, November 5th. The oil and natural gas company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.24). The firm had revenue of $975.00 million for the quarter, compared to analyst estimates of $1.04 billion. Diamondback Energy had a net margin of 29.59% and a return on equity of 6.01%. Diamondback Energy’s revenue for the quarter was up 81.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 EPS. As a group, sell-side analysts forecast that Diamondback Energy Inc will post 6.39 earnings per share for the current fiscal year.

About Diamondback Energy

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.

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

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