Global Retirement Partners LLC Sells 152 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Global Retirement Partners LLC lessened its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,851 shares of the oil and natural gas company’s stock after selling 152 shares during the period. Global Retirement Partners LLC’s holdings in Diamondback Energy were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in shares of Diamondback Energy by 1,153.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,132,918 shares of the oil and natural gas company’s stock worth $185,606,000 after buying an additional 1,042,505 shares in the last quarter. Zimmer Partners LP purchased a new stake in shares of Diamondback Energy in the third quarter worth about $87,924,000. Holocene Advisors LP lifted its position in shares of Diamondback Energy by 95.3% in the third quarter. Holocene Advisors LP now owns 938,474 shares of the oil and natural gas company’s stock worth $161,793,000 after buying an additional 457,896 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Diamondback Energy by 25.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,158,910 shares of the oil and natural gas company’s stock worth $372,196,000 after buying an additional 439,579 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Diamondback Energy by 17,151.2% in the third quarter. International Assets Investment Management LLC now owns 340,021 shares of the oil and natural gas company’s stock worth $58,620,000 after buying an additional 338,050 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FANG shares. Mizuho decreased their target price on Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company boosted their target price on Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Truist Financial boosted their target price on Diamondback Energy from $236.00 to $238.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Morgan Stanley boosted their price objective on Diamondback Energy from $220.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $216.22.

Diamondback Energy Trading Down 3.7 %

FANG opened at $156.12 on Friday. Diamondback Energy, Inc. has a one year low of $152.00 and a one year high of $214.50. The stock has a market cap of $45.59 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 1.24 and a beta of 1.86. The stock’s 50 day moving average price is $165.60 and its 200-day moving average price is $176.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.42 and a current ratio of 0.45.

Diamondback Energy Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, 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.