Sequoia Financial Advisors LLC Acquires 300 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Sequoia Financial Advisors LLC increased its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANGFree Report) by 16.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,158 shares of the oil and natural gas company’s stock after acquiring an additional 300 shares during the period. Sequoia Financial Advisors LLC’s holdings in Diamondback Energy were worth $334,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in FANG. Patriot Financial Group Insurance Agency LLC boosted its position in Diamondback Energy by 3.7% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,797 shares of the oil and natural gas company’s stock valued at $278,000 after buying an additional 64 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Diamondback Energy by 1.8% in the third quarter. Coldstream Capital Management Inc. now owns 3,655 shares of the oil and natural gas company’s stock valued at $566,000 after buying an additional 64 shares in the last quarter. Bessemer Group Inc. boosted its position in Diamondback Energy by 0.6% in the second quarter. Bessemer Group Inc. now owns 10,905 shares of the oil and natural gas company’s stock valued at $1,433,000 after buying an additional 67 shares in the last quarter. Veracity Capital LLC boosted its position in Diamondback Energy by 3.5% in the third quarter. Veracity Capital LLC now owns 2,061 shares of the oil and natural gas company’s stock valued at $319,000 after buying an additional 70 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its position in Diamondback Energy by 0.8% in the third quarter. Moody National Bank Trust Division now owns 9,231 shares of the oil and natural gas company’s stock valued at $1,430,000 after buying an additional 76 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy Trading Down 1.1 %

FANG opened at $151.74 on Friday. Diamondback Energy, Inc. has a fifty-two week low of $119.01 and a fifty-two week high of $171.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.86. The company has a market cap of $27.16 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.37 and a beta of 1.89. The firm has a 50 day simple moving average of $153.32 and a 200 day simple moving average of $154.15.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Diamondback Energy from $171.00 to $169.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 17th. Raymond James reduced their target price on shares of Diamondback Energy from $190.00 to $185.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Mizuho reduced their target price on shares of Diamondback Energy from $178.00 to $177.00 and set a “buy” rating on the stock in a research report on Friday, January 12th. Stifel Nicolaus reduced their target price on shares of Diamondback Energy from $194.00 to $192.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Finally, Bank Of America (Bofa) reduced their target price on shares of Diamondback Energy from $147.00 to $129.00 and set an “underperform” rating on the stock in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Diamondback Energy presently has an average rating of “Moderate Buy” and a consensus target price of $176.12.

View Our Latest Report on FANG

Diamondback Energy Company 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.

Featured Articles

Want to see what other hedge funds are holding FANG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diamondback Energy, Inc. (NASDAQ:FANGFree Report).

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

Receive News & Ratings for Diamondback Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy and related companies with MarketBeat.com's FREE daily email newsletter.