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

JBR Co Financial Management Inc grew its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,023 shares of the oil and natural gas company’s stock after acquiring an additional 80 shares during the period. JBR Co Financial Management Inc’s holdings in Diamondback Energy were worth $331,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FANG. R Squared Ltd bought a new position in Diamondback Energy during the fourth quarter worth $29,000. UMB Bank n.a. raised its stake in Diamondback Energy by 247.3% during the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 136 shares during the last quarter. Key Financial Inc raised its stake in Diamondback Energy by 940.0% during the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock worth $34,000 after buying an additional 188 shares during the last quarter. Values First Advisors Inc. bought a new position in Diamondback Energy during the third quarter worth $42,000. Finally, Ashton Thomas Securities LLC bought a new position in Diamondback Energy during the third quarter worth $52,000. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Down 3.7 %

FANG opened at $156.12 on Friday. 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’s 50-day moving average is $165.60 and its 200 day moving average is $176.67. Diamondback Energy, Inc. has a fifty-two week low of $152.00 and a fifty-two week high of $214.50. The firm has a market capitalization of $45.59 billion, a P/E ratio of 8.94, a PEG ratio of 1.24 and a beta of 1.86.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Diamondback Energy from $220.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wolfe Research raised shares of Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Friday, January 3rd. Mizuho lowered their target price on shares of Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Truist Financial raised their price target on shares of Diamondback Energy from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Raymond James raised their price target on shares of Diamondback Energy from $237.00 to $256.00 and gave the stock a “strong-buy” rating 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 issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $216.22.

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.