RPG Investment Advisory LLC Sells 1,070 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

RPG Investment Advisory LLC trimmed its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,756 shares of the oil and natural gas company’s stock after selling 1,070 shares during the quarter. Diamondback Energy makes up 1.6% of RPG Investment Advisory LLC’s holdings, making the stock its 23rd biggest holding. RPG Investment Advisory LLC’s holdings in Diamondback Energy were worth $12,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Diamondback Energy during the fourth quarter worth about $29,000. UMB Bank n.a. increased its holdings in Diamondback Energy by 247.3% in the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 136 shares in the last quarter. Key Financial Inc increased its holdings in Diamondback Energy by 940.0% in the fourth quarter. Key Financial Inc now owns 208 shares of the oil and natural gas company’s stock worth $34,000 after purchasing an additional 188 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Diamondback Energy in the third quarter worth approximately $52,000. Finally, Synergy Asset Management LLC bought a new stake in Diamondback Energy in the fourth quarter worth approximately $67,000. 90.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on FANG. Truist Financial lifted their target price on Diamondback Energy from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Morgan Stanley lifted their target price on Diamondback Energy from $220.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. StockNews.com upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Wolfe Research upgraded Diamondback Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a report on Friday, January 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $210.00 target price on shares of Diamondback Energy in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $216.22.

Diamondback Energy Trading Down 3.7 %

Shares of Diamondback Energy stock opened at $156.12 on Monday. The stock has a fifty day simple moving average of $165.60 and a 200 day simple moving average of $176.57. Diamondback Energy, Inc. has a 12-month low of $152.00 and a 12-month high of $214.50. The company has a market capitalization of $45.59 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31.

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.