Moloney Securities Asset Management LLC Purchases Shares of 3,299 Diamondback Energy, Inc. $FANG

Moloney Securities Asset Management LLC purchased a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,299 shares of the oil and natural gas company’s stock, valued at approximately $472,000.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Diamondback Energy by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 23,325,287 shares of the oil and natural gas company’s stock valued at $3,204,894,000 after purchasing an additional 388,512 shares in the last quarter. Boston Partners grew its holdings in shares of Diamondback Energy by 2.8% during the second quarter. Boston Partners now owns 5,569,990 shares of the oil and natural gas company’s stock valued at $766,914,000 after buying an additional 151,150 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Diamondback Energy by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,441,649 shares of the oil and natural gas company’s stock valued at $746,526,000 after acquiring an additional 142,649 shares during the period. Bank of New York Mellon Corp increased its position in shares of Diamondback Energy by 9.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,642,218 shares of the oil and natural gas company’s stock valued at $637,841,000 after acquiring an additional 384,971 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Diamondback Energy by 9.2% in the 2nd quarter. Raymond James Financial Inc. now owns 1,952,276 shares of the oil and natural gas company’s stock worth $268,243,000 after acquiring an additional 164,293 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Analyst Upgrades and Downgrades

FANG has been the topic of several research analyst reports. Sanford C. Bernstein dropped their price target on Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Piper Sandler lifted their target price on Diamondback Energy from $215.00 to $218.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Morgan Stanley cut their price target on shares of Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Susquehanna reduced their price target on shares of Diamondback Energy to $188.00 and set a “positive” rating for the company in a research report on Monday, October 20th. Finally, Mizuho dropped their price objective on shares of Diamondback Energy from $195.00 to $194.00 and set an “outperform” rating on the stock in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.90.

Insider Activity at Diamondback Energy

In related news, Director Charles Alvin Meloy sold 377,911 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $138.61, for a total value of $52,382,243.71. Following the completion of the transaction, the director directly owned 1,044,864 shares in the company, valued at $144,828,599.04. The trade was a 26.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $162.88, for a total transaction of $162,880,000.00. Following the sale, the insider owned 98,686,727 shares in the company, valued at approximately $16,074,094,093.76. This represents a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,438,516 shares of company stock valued at $225,026,921. Insiders own 0.48% of the company’s stock.

Diamondback Energy Trading Up 1.3%

Shares of NASDAQ:FANG opened at $166.93 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35. Diamondback Energy, Inc. has a 12-month low of $114.00 and a 12-month high of $169.49. The business has a 50 day moving average of $153.68 and a two-hundred day moving average of $147.20. The company has a market capitalization of $47.81 billion, a PE ratio of 11.60 and a beta of 0.63.

About Diamondback Energy

Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.