Diamondback Energy, Inc. (NASDAQ:FANG) Position Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,309 shares of the oil and natural gas company's stock after buying an additional 6,508 shares during the period. Asset Management One Co. Ltd.'s holdings in Diamondback Energy were worth $11,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Financial Advocates Investment Management boosted its holdings in Diamondback Energy by 3.0% during the third quarter. Financial Advocates Investment Management now owns 1,907 shares of the oil and natural gas company's stock worth $329,000 after buying an additional 55 shares in the last quarter. Lakewood Asset Management LLC lifted its holdings in shares of Diamondback Energy by 0.5% in the fourth quarter. Lakewood Asset Management LLC now owns 11,340 shares of the oil and natural gas company's stock valued at $1,858,000 after purchasing an additional 60 shares in the last quarter. West Family Investments Inc. lifted its holdings in shares of Diamondback Energy by 3.4% in the third quarter. West Family Investments Inc. now owns 1,852 shares of the oil and natural gas company's stock valued at $319,000 after purchasing an additional 61 shares in the last quarter. Magnolia Capital Advisors LLC lifted its holdings in shares of Diamondback Energy by 2.0% in the fourth quarter. Magnolia Capital Advisors LLC now owns 3,247 shares of the oil and natural gas company's stock valued at $532,000 after purchasing an additional 64 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Diamondback Energy by 2.4% in the third quarter. Citizens Financial Group Inc. RI now owns 2,795 shares of the oil and natural gas company's stock valued at $482,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on FANG shares. Benchmark reaffirmed a "buy" rating and issued a $195.00 price target on shares of Diamondback Energy in a report on Tuesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of Diamondback Energy from $191.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, January 17th. UBS Group upped their price target on shares of Diamondback Energy from $212.00 to $216.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Morgan Stanley upped their price target on shares of Diamondback Energy from $220.00 to $227.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Wells Fargo & Company upped their price objective on shares of Diamondback Energy from $218.00 to $219.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $216.52.

Diamondback Energy Trading Up 1.1 %

Shares of Diamondback Energy stock traded up $1.83 during trading hours on Thursday, hitting $162.09. The company's stock had a trading volume of 2,351,174 shares, compared to its average volume of 2,032,142. Diamondback Energy, Inc. has a 1-year low of $152.00 and a 1-year high of $214.50. The business has a fifty day moving average of $165.74 and a 200 day moving average of $177.07. The company has a market capitalization of $47.33 billion, a PE ratio of 9.28, a P/E/G ratio of 1.21 and a beta of 1.86. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31.

About Diamondback Energy

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.