Rhumbline Advisers Has $52.81 Million Stock Holdings in Diamondback Energy, Inc. $FANG

Rhumbline Advisers lifted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 4.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 369,008 shares of the oil and natural gas company’s stock after acquiring an additional 15,401 shares during the quarter. Rhumbline Advisers’ holdings in Diamondback Energy were worth $52,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Uhlmann Price Securities LLC raised its holdings in Diamondback Energy by 1.3% during the 2nd quarter. Uhlmann Price Securities LLC now owns 5,090 shares of the oil and natural gas company’s stock worth $699,000 after purchasing an additional 67 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of Diamondback Energy by 3.0% during the third quarter. Valeo Financial Advisors LLC now owns 2,568 shares of the oil and natural gas company’s stock worth $367,000 after buying an additional 74 shares during the period. Viawealth LLC raised its stake in Diamondback Energy by 5.0% during the second quarter. Viawealth LLC now owns 1,753 shares of the oil and natural gas company’s stock worth $241,000 after buying an additional 83 shares during the last quarter. STF Management LP lifted its holdings in Diamondback Energy by 1.9% in the second quarter. STF Management LP now owns 4,490 shares of the oil and natural gas company’s stock valued at $617,000 after buying an additional 84 shares during the period. Finally, Lodestone Wealth Management LLC lifted its holdings in Diamondback Energy by 1.2% in the third quarter. Lodestone Wealth Management LLC now owns 7,219 shares of the oil and natural gas company’s stock valued at $1,033,000 after buying an additional 84 shares during the period. 90.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on FANG. Sanford C. Bernstein decreased their price target on Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating for the company in a report on Monday, January 5th. UBS Group raised their target price on Diamondback Energy from $174.00 to $194.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Citigroup lowered their target price on Diamondback Energy from $180.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Diamondback Energy in a report on Monday, December 29th. Finally, Susquehanna reduced their price objective on shares of Diamondback Energy to $188.00 and set a “positive” rating for the company in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $185.90.

Insiders Place Their Bets

In other Diamondback Energy news, Director Charles Alvin Meloy sold 60,605 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $161.12, for a total transaction of $9,764,677.60. Following the transaction, the director owned 982,006 shares in the company, valued at approximately $158,220,806.72. This represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $162.88, for a total transaction of $162,880,000.00. Following the completion of the transaction, the insider directly owned 98,686,727 shares in the company, valued at $16,074,094,093.76. This trade represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,438,516 shares of company stock valued at $225,026,921 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

Diamondback Energy Trading Up 1.0%

Shares of Diamondback Energy stock opened at $169.14 on Friday. The stock has a market capitalization of $48.44 billion, a PE ratio of 11.75 and a beta of 0.63. Diamondback Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $170.54. The stock has a 50 day moving average price of $154.63 and a two-hundred day moving average price of $147.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 0.62.

Diamondback Energy Company Profile

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.