Artisan Partners Limited Partnership Has $18,479,000 Stake in Diamondback Energy, Inc. (FANG)

Artisan Partners Limited Partnership reduced its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,856 shares of the company’s stock after selling 16,450 shares during the period. Artisan Partners Limited Partnership’s holdings in Diamondback Energy were worth $18,479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FANG. Creative Planning increased its position in shares of Diamondback Energy by 7.3% in the third quarter. Creative Planning now owns 1,073 shares of the company’s stock worth $104,000 after buying an additional 73 shares during the period. BOKF NA increased its position in shares of Diamondback Energy by 12.8% in the third quarter. BOKF NA now owns 1,208 shares of the company’s stock worth $116,000 after buying an additional 137 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Diamondback Energy by 7.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,466 shares of the company’s stock worth $142,000 after buying an additional 107 shares during the period. Foundry Partners LLC purchased a new position in shares of Diamondback Energy during the third quarter worth $203,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Diamondback Energy during the third quarter worth $207,000. Institutional investors and hedge funds own 95.51% of the company’s stock.

Institutional Ownership by Quarter for Diamondback Energy (NASDAQ:FANG)

Diamondback Energy, Inc. (NASDAQ:FANG) traded down 0.80% during mid-day trading on Monday, hitting $103.95. 930,005 shares of the stock traded hands. The firm’s 50-day moving average is $103.27 and its 200-day moving average is $98.16. The company’s market cap is $8.11 billion. Diamondback Energy, Inc. has a 12-month low of $66.23 and a 12-month high of $113.23.

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A number of brokerages have weighed in on FANG. Canaccord Genuity reiterated a “buy” rating and issued a $139.00 price objective on shares of Diamondback Energy in a research report on Thursday, January 12th. BMO Capital Markets reiterated a “buy” rating and issued a $105.00 price objective on shares of Diamondback Energy in a research report on Tuesday, November 8th. Mizuho reiterated a “buy” rating and issued a $105.00 price objective on shares of Diamondback Energy in a research report on Monday, October 17th. Barclays PLC reiterated a “hold” rating and issued a $120.00 price objective on shares of Diamondback Energy in a research report on Wednesday, February 1st. Finally, Zacks Investment Research upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Thursday. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $108.83.

In related news, VP Russell Pantermuehl sold 4,000 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $107.84, for a total value of $431,360.00. Following the sale, the vice president now directly owns 65,514 shares of the company’s stock, valued at $7,065,029.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Teresa L. Dick sold 2,500 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $111.90, for a total transaction of $279,750.00. Following the completion of the sale, the chief financial officer now directly owns 20,510 shares in the company, valued at $2,295,069. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Its total net acreage position in the Permian Basin is approximately 84,680 net acres.

5 Day Chart for NASDAQ:FANG

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