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

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

Other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of Diamondback Energy during the fourth quarter worth approximately $29,000. UMB Bank n.a. lifted 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 valued at $31,000 after buying an additional 136 shares during the period. Key Financial Inc lifted 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 valued at $34,000 after buying an additional 188 shares during the period. Values First Advisors Inc. acquired a new position in Diamondback Energy in the third quarter valued at approximately $42,000. Finally, Ashton Thomas Securities LLC acquired a new position in Diamondback Energy in the third quarter valued at approximately $52,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy Trading Down 3.7 %

NASDAQ:FANG opened at $156.12 on Friday. The company has a market cap of $45.59 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 1.22 and a beta of 1.86. Diamondback Energy, Inc. has a twelve month low of $152.00 and a twelve month high of $214.50. The business has a 50 day moving average price of $165.74 and a two-hundred day moving average price of $176.96. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 0.31.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Diamondback Energy in a report on Monday, December 2nd. They issued a “buy” rating and a $227.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on Diamondback Energy from $191.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and set a $210.00 target price on shares of Diamondback Energy in a report on Thursday, January 23rd. Wells Fargo & Company raised their target price on Diamondback Energy from $218.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Morgan Stanley raised their target price on Diamondback Energy from $220.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.52.

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.