Texas Permanent School Fund Corp Cuts Position in Diamondback Energy, Inc. (NASDAQ:FANG)

Texas Permanent School Fund Corp lessened its stake in Diamondback Energy, Inc. (NASDAQ:FANGFree Report) by 2.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 36,951 shares of the oil and natural gas company’s stock after selling 1,026 shares during the period. Texas Permanent School Fund Corp’s holdings in Diamondback Energy were worth $5,723,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Parallel Advisors LLC lifted its holdings in Diamondback Energy by 1.9% during the 2nd quarter. Parallel Advisors LLC now owns 8,596 shares of the oil and natural gas company’s stock worth $1,129,000 after buying an additional 162 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Diamondback Energy by 41.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 22,405 shares of the oil and natural gas company’s stock valued at $3,470,000 after purchasing an additional 6,559 shares during the period. Illinois Municipal Retirement Fund grew its stake in Diamondback Energy by 29.1% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 80,435 shares of the oil and natural gas company’s stock worth $10,566,000 after purchasing an additional 18,137 shares in the last quarter. Jump Financial LLC increased its holdings in Diamondback Energy by 1,454.9% during the 3rd quarter. Jump Financial LLC now owns 40,693 shares of the oil and natural gas company’s stock worth $6,303,000 after purchasing an additional 38,076 shares during the period. Finally, Principal Financial Group Inc. raised its position in Diamondback Energy by 2.8% in the 3rd quarter. Principal Financial Group Inc. now owns 610,237 shares of the oil and natural gas company’s stock valued at $94,510,000 after purchasing an additional 16,426 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Stock Performance

Shares of FANG opened at $151.74 on Monday. Diamondback Energy, Inc. has a 52-week low of $119.01 and a 52-week high of $171.40. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The firm has a market cap of $27.16 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 0.37 and a beta of 1.89. The business’s 50 day moving average is $153.32 and its two-hundred day moving average is $154.21.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Piper Sandler cut their price target on Diamondback Energy from $206.00 to $201.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Susquehanna dropped their target price on shares of Diamondback Energy from $203.00 to $190.00 and set a “positive” rating for the company in a report on Friday, January 26th. Truist Financial boosted their price target on Diamondback Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Mizuho decreased their price target on shares of Diamondback Energy from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Friday, January 12th. Finally, Raymond James cut their price target on Diamondback Energy from $190.00 to $185.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Diamondback Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.12.

Check Out Our Latest Stock Report on FANG

Diamondback Energy Profile

(Free Report)

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 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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