Diamondback Energy, Inc. (NASDAQ:FANG) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANGFree Report) by 13.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,955 shares of the oil and natural gas company’s stock after purchasing an additional 4,372 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Diamondback Energy were worth $5,569,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Davidson Investment Advisors raised its holdings in Diamondback Energy by 1.8% in the third quarter. Davidson Investment Advisors now owns 62,002 shares of the oil and natural gas company’s stock valued at $9,603,000 after acquiring an additional 1,106 shares in the last quarter. Herold Advisors Inc. raised its holdings in Diamondback Energy by 24.6% in the third quarter. Herold Advisors Inc. now owns 6,451 shares of the oil and natural gas company’s stock valued at $999,000 after acquiring an additional 1,275 shares in the last quarter. Pathstone Family Office LLC raised its holdings in Diamondback Energy by 72.4% in the third quarter. Pathstone Family Office LLC now owns 10,724 shares of the oil and natural gas company’s stock valued at $1,661,000 after acquiring an additional 4,503 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised 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 acquiring an additional 6,559 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Diamondback Energy by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,004,965 shares of the oil and natural gas company’s stock valued at $155,649,000 after acquiring an additional 8,468 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group cut their price objective on shares of Diamondback Energy from $198.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Piper Sandler lowered their target price on shares of Diamondback Energy from $206.00 to $201.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Susquehanna lowered their target price on shares of Diamondback Energy from $203.00 to $190.00 and set a “positive” rating on the stock in a research report on Friday, January 26th. Morgan Stanley lowered 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. Finally, Wells Fargo & Company lowered their target price on shares of Diamondback Energy from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.12.

View Our Latest Stock Report on FANG

Diamondback Energy Price Performance

Shares of NASDAQ FANG opened at $151.74 on Monday. The firm has a market capitalization of $27.16 billion, a P/E ratio of 8.61, a PEG ratio of 0.37 and a beta of 1.89. Diamondback Energy, Inc. has a one year low of $119.01 and a one year high of $171.40. The company’s fifty day moving average is $153.32 and its two-hundred day moving average is $154.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 0.89.

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.

Further Reading

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

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