Davidson Investment Advisors Sells 4,506 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Davidson Investment Advisors trimmed its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 7.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,171 shares of the oil and natural gas company's stock after selling 4,506 shares during the period. Davidson Investment Advisors' holdings in Diamondback Energy were worth $9,366,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Financial Advocates Investment Management grew its stake in shares of 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 valued at $329,000 after purchasing an additional 55 shares during the last quarter. Lakewood Asset Management LLC lifted its holdings in Diamondback Energy by 0.5% during the 4th quarter. Lakewood Asset Management LLC now owns 11,340 shares of the oil and natural gas company's stock worth $1,858,000 after buying an additional 60 shares in the last quarter. West Family Investments Inc. boosted its position in Diamondback Energy by 3.4% in the 3rd quarter. West Family Investments Inc. now owns 1,852 shares of the oil and natural gas company's stock valued at $319,000 after buying an additional 61 shares during the last quarter. Magnolia Capital Advisors LLC increased its stake in shares of Diamondback Energy by 2.0% in the 4th quarter. Magnolia Capital Advisors LLC now owns 3,247 shares of the oil and natural gas company's stock valued at $532,000 after buying an additional 64 shares during the period. Finally, Citizens Financial Group Inc. RI raised its position in shares of Diamondback Energy by 2.4% during the third quarter. Citizens Financial Group Inc. RI now owns 2,795 shares of the oil and natural gas company's stock worth $482,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 90.01% of the company's stock.

Diamondback Energy Stock Down 3.7 %

NASDAQ:FANG traded down $5.97 on Friday, hitting $156.12. 3,935,348 shares of the company's stock were exchanged, compared to its average volume of 2,088,174. The firm has a 50-day moving average price of $165.74 and a 200-day moving average price of $176.96. Diamondback Energy, Inc. has a 52 week low of $152.00 and a 52 week high of $214.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The company has a market cap of $45.59 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 1.22 and a beta of 1.86.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FANG shares. Wells Fargo & Company raised their price target on Diamondback Energy from $218.00 to $219.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. UBS Group lifted their price target on shares of Diamondback Energy from $212.00 to $216.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price target on shares of Diamondback Energy from $191.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Piper Sandler reduced their price objective on shares of Diamondback Energy from $252.00 to $232.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $210.00 target price on shares of Diamondback Energy in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $216.52.

Diamondback Energy Company 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.