Diamondback Energy, Inc. (NASDAQ:FANG) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,220 shares of the oil and natural gas company’s stock after selling 292 shares during the quarter. Vontobel Holding Ltd.’s holdings in Diamondback Energy were worth $364,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. increased its holdings in shares of Diamondback Energy by 1,153.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,132,918 shares of the oil and natural gas company’s stock valued at $185,606,000 after purchasing an additional 1,042,505 shares during the period. Zimmer Partners LP bought a new position in shares of Diamondback Energy in the third quarter valued at about $87,924,000. Holocene Advisors LP raised its holdings in Diamondback Energy by 95.3% during the 3rd quarter. Holocene Advisors LP now owns 938,474 shares of the oil and natural gas company’s stock worth $161,793,000 after purchasing an additional 457,896 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Diamondback Energy by 25.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,158,910 shares of the oil and natural gas company’s stock valued at $372,196,000 after acquiring an additional 439,579 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Diamondback Energy by 17,151.2% in the 3rd quarter. International Assets Investment Management LLC now owns 340,021 shares of the oil and natural gas company’s stock valued at $58,620,000 after purchasing an additional 338,050 shares during the period. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Trading Up 1.1 %

Shares of FANG stock opened at $162.09 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 debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. The business has a 50-day moving average of $165.74 and a 200 day moving average of $177.07. The stock 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.

Analyst Upgrades and Downgrades

FANG has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on Diamondback Energy from $218.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. raised their price objective on Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. StockNews.com upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. UBS Group lifted their target price on Diamondback Energy from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Mizuho dropped their price target on Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.