Bryn Mawr Capital Management LLC Has $444,000 Holdings in Diamondback Energy, Inc. (NASDAQ:FANG)

Bryn Mawr Capital Management LLC boosted its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 36.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,712 shares of the oil and natural gas company’s stock after buying an additional 721 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Diamondback Energy were worth $444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FANG. Foundations Investment Advisors LLC grew its stake in Diamondback Energy by 14.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 5,180 shares of the oil and natural gas company’s stock valued at $893,000 after buying an additional 640 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Diamondback Energy by 11.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,266 shares of the oil and natural gas company’s stock valued at $1,080,000 after buying an additional 636 shares during the last quarter. Signaturefd LLC grew its stake in Diamondback Energy by 2.4% in the 3rd quarter. Signaturefd LLC now owns 3,944 shares of the oil and natural gas company’s stock valued at $680,000 after buying an additional 92 shares during the last quarter. Hartford Investment Management Co. grew its stake in Diamondback Energy by 2.7% in the 3rd quarter. Hartford Investment Management Co. now owns 11,790 shares of the oil and natural gas company’s stock valued at $2,033,000 after buying an additional 307 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in 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 buying an additional 338,050 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Piper Sandler decreased their price target on shares of Diamondback Energy from $252.00 to $232.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. The Goldman Sachs Group assumed coverage on shares of Diamondback Energy in a research report on Monday, December 2nd. They issued a “buy” rating and a $227.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Mizuho decreased their price target on shares of Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Finally, StockNews.com upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $216.52.

Diamondback Energy Trading Down 3.7 %

FANG stock opened at $156.12 on Friday. The business has a fifty day moving average price of $165.74 and a 200 day moving average price of $176.96. Diamondback Energy, Inc. has a fifty-two week low of $152.00 and a fifty-two week high of $214.50. The stock has a market capitalization of $45.59 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 1.22 and a beta of 1.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42.

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.