Rothschild Investment Corp IL Invests $888,000 in Diamondback Energy Inc (NASDAQ:FANG)

Share on StockTwits

Rothschild Investment Corp IL bought a new position in Diamondback Energy Inc (NASDAQ:FANG) during the 4th quarter, Holdings Channel reports. The firm bought 9,563 shares of the oil and natural gas company’s stock, valued at approximately $888,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FANG. FNY Investment Advisers LLC increased its position in Diamondback Energy by 4,118.2% in the 3rd quarter. FNY Investment Advisers LLC now owns 464 shares of the oil and natural gas company’s stock valued at $41,000 after acquiring an additional 453 shares in the last quarter. Evoke Wealth LLC bought a new position in shares of Diamondback Energy in the third quarter worth about $45,000. Baystate Wealth Management LLC raised its stake in shares of Diamondback Energy by 10,766.7% in the fourth quarter. Baystate Wealth Management LLC now owns 652 shares of the oil and natural gas company’s stock worth $61,000 after acquiring an additional 646 shares during the last quarter. Huntington National Bank lifted its position in shares of Diamondback Energy by 1,243.1% during the fourth quarter. Huntington National Bank now owns 685 shares of the oil and natural gas company’s stock worth $64,000 after purchasing an additional 634 shares in the last quarter. Finally, Quad Cities Investment Group LLC acquired a new position in shares of Diamondback Energy during the third quarter worth approximately $66,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

A number of analysts recently weighed in on FANG shares. Morgan Stanley lowered their price target on shares of Diamondback Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Imperial Capital reiterated an “outperform” rating and issued a $110.00 price objective (up from $88.00) on shares of Diamondback Energy in a research report on Tuesday, January 14th. Credit Suisse Group reiterated a “buy” rating and issued a $116.00 price objective on shares of Diamondback Energy in a research report on Thursday, November 28th. Johnson Rice cut Diamondback Energy from a “buy” rating to an “accumulate” rating in a research note on Tuesday, November 19th. Finally, Siebert Williams Shank restated a “buy” rating and set a $130.00 target price on shares of Diamondback Energy in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $134.52.

NASDAQ:FANG opened at $83.34 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 0.31. Diamondback Energy Inc has a 12-month low of $73.18 and a 12-month high of $114.14. The stock’s fifty day simple moving average is $89.15 and its 200-day simple moving average is $90.93. The firm has a market capitalization of $13.72 billion, a P/E ratio of 12.03, a P/E/G ratio of 0.74 and a beta of 0.85.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Tuesday, November 5th. The oil and natural gas company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.24). Diamondback Energy had a net margin of 29.59% and a return on equity of 6.01%. The company had revenue of $975.00 million during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $1.67 EPS. The company’s revenue for the quarter was up 81.6% compared to the same quarter last year. As a group, equities research analysts expect that Diamondback Energy Inc will post 6.37 earnings per share for the current year.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily 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.

Further Reading: Relative Strength Index

Want to see what other hedge funds are holding FANG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diamondback Energy Inc (NASDAQ:FANG).

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

Receive News & Ratings for Diamondback Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondback Energy and related companies with MarketBeat.com's FREE daily email newsletter.