JBR Co Financial Management Inc Buys 80 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

JBR Co Financial Management Inc lifted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,023 shares of the oil and natural gas company’s stock after buying an additional 80 shares during the quarter. JBR Co Financial Management Inc’s holdings in Diamondback Energy were worth $331,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Financial Advocates Investment Management grew its position in shares of Diamondback Energy by 3.0% in 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 in the last quarter. Lakewood Asset Management LLC grew its position 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. grew its position 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 grew its position 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 grew its position 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. 90.01% of the stock is owned by institutional investors.

Diamondback Energy Trading Down 3.7 %

NASDAQ FANG opened at $156.12 on Friday. Diamondback Energy, Inc. has a 1-year low of $152.00 and a 1-year high of $214.50. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average of $165.60 and a 200-day moving average of $176.67. The firm has a market cap of $45.59 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Mizuho reduced their price target on Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. UBS Group lifted their price target on Diamondback Energy from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Truist Financial lifted their price objective on Diamondback Energy from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $210.00 price objective on shares of Diamondback Energy in a research note on Thursday, January 23rd. Finally, Morgan Stanley lifted their price objective on Diamondback Energy from $220.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $216.22.

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.