Diamondback Energy, Inc. (NASDAQ:FANG) Shares Bought by One Plus One Wealth Management LLC

One Plus One Wealth Management LLC boosted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 16.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,351 shares of the oil and natural gas company’s stock after acquiring an additional 610 shares during the quarter. One Plus One Wealth Management LLC’s holdings in Diamondback Energy were worth $750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Community Trust NA acquired a new position in Diamondback Energy during the second quarter worth $26,000. Carolinas Wealth Consulting LLC increased its stake in Diamondback Energy by 67.1% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 137 shares of the oil and natural gas company’s stock worth $27,000 after buying an additional 55 shares during the period. HHM Wealth Advisors LLC acquired a new stake in shares of Diamondback Energy in the second quarter valued at $40,000. Values First Advisors Inc. acquired a new position in Diamondback Energy during the 3rd quarter worth $42,000. Finally, Founders Capital Management increased its holdings in Diamondback Energy by 99.2% during the 2nd quarter. Founders Capital Management now owns 251 shares of the oil and natural gas company’s stock worth $50,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Susquehanna lowered their price objective on Diamondback Energy from $237.00 to $233.00 and set a “positive” rating for the company in a research report on Friday, October 18th. Piper Sandler raised their price objective on shares of Diamondback Energy from $240.00 to $252.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. UBS Group lowered their target price on shares of Diamondback Energy from $247.00 to $223.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Citigroup initiated coverage on Diamondback Energy in a research note on Monday, October 14th. They issued a “neutral” rating and a $195.00 price target on the stock. Finally, KeyCorp decreased their target price on Diamondback Energy from $225.00 to $216.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

Diamondback Energy Stock Down 2.3 %

Shares of NASDAQ FANG opened at $175.63 on Wednesday. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $182.56 and a 200 day moving average price of $192.61. Diamondback Energy, Inc. has a 52 week low of $145.70 and a 52 week high of $214.50. The stock has a market capitalization of $51.77 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 1.23 and a beta of 1.89.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.62 by ($1.24). Diamondback Energy had a net margin of 37.51% and a return on equity of 19.54%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the previous year, the business posted $5.49 earnings per share. Diamondback Energy’s revenue was up 13.0% on a year-over-year basis. Equities research analysts anticipate that Diamondback Energy, Inc. will post 17.1 EPS for the current fiscal year.

Insider Buying and Selling at Diamondback Energy

In other news, major shareholder Lyndal Greth sold 13,212,830 shares of Diamondback Energy stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $175.11, for a total transaction of $2,313,698,661.30. Following the completion of the transaction, the insider now owns 1,037,819 shares of the company’s stock, valued at $181,732,485.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.48% of the stock is owned by corporate insiders.

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.