Mitsubishi UFJ Trust & Banking Corp Sells 3,394 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANGFree Report) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,969 shares of the oil and natural gas company’s stock after selling 3,394 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Diamondback Energy worth $15,173,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BluePath Capital Management LLC bought a new position in Diamondback Energy during the third quarter valued at about $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Diamondback Energy during the third quarter valued at about $32,000. Dividend Assets Capital LLC purchased a new stake in Diamondback Energy during the second quarter valued at about $28,000. FinTrust Capital Advisors LLC lifted its holdings in Diamondback Energy by 232.8% during the fourth quarter. FinTrust Capital Advisors LLC now owns 213 shares of the oil and natural gas company’s stock valued at $29,000 after purchasing an additional 149 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC lifted its holdings in shares of Diamondback Energy by 366.7% in the first quarter. Carolinas Wealth Consulting LLC now owns 224 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 176 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $165.98 on Tuesday. The stock has a fifty day moving average of $153.56 and a 200 day moving average of $154.36. Diamondback Energy, Inc. has a 52 week low of $119.01 and a 52 week high of $171.40. The firm has a market capitalization of $29.71 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.37 and a beta of 1.89. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.37.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup cut shares of Diamondback Energy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $160.00 to $170.00 in a research report on Monday, October 23rd. Piper Sandler reduced their price target 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. KeyCorp reduced their price target on shares of Diamondback Energy from $183.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, January 11th. Wells Fargo & Company reduced their price target 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. Finally, Bank Of America (Bofa) reduced their price target 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, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $177.59.

Read Our Latest Report on Diamondback Energy

About Diamondback Energy

(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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