Prospera Financial Services Inc Has $1.48 Million Holdings in Diamondback Energy, Inc. $FANG

Prospera Financial Services Inc increased its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 100.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,334 shares of the oil and natural gas company’s stock after purchasing an additional 5,187 shares during the period. Prospera Financial Services Inc’s holdings in Diamondback Energy were worth $1,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Diamondback Energy by 48.0% in the 2nd quarter. CWM LLC now owns 12,170 shares of the oil and natural gas company’s stock valued at $1,672,000 after buying an additional 3,945 shares in the last quarter. MGO One Seven LLC boosted its position in shares of Diamondback Energy by 111.4% during the 2nd quarter. MGO One Seven LLC now owns 3,325 shares of the oil and natural gas company’s stock valued at $457,000 after acquiring an additional 1,752 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Diamondback Energy by 9.9% in the second quarter. Sequoia Financial Advisors LLC now owns 6,520 shares of the oil and natural gas company’s stock valued at $896,000 after acquiring an additional 587 shares during the period. Praxis Investment Management Inc. raised its position in Diamondback Energy by 39.0% in the second quarter. Praxis Investment Management Inc. now owns 7,020 shares of the oil and natural gas company’s stock worth $965,000 after purchasing an additional 1,970 shares in the last quarter. Finally, Private Trust Co. NA raised its position in Diamondback Energy by 13.5% in the second quarter. Private Trust Co. NA now owns 1,796 shares of the oil and natural gas company’s stock worth $247,000 after purchasing an additional 214 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FANG has been the topic of a number of recent research reports. Susquehanna decreased their price objective on Diamondback Energy to $188.00 and set a “positive” rating on the stock in a report on Monday, October 20th. UBS Group boosted their price target on Diamondback Energy from $174.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Citigroup lowered their price target on Diamondback Energy from $180.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Roth Mkm set a $162.00 price objective on Diamondback Energy and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Piper Sandler boosted their target price on shares of Diamondback Energy from $215.00 to $218.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $185.90.

Insider Transactions at Diamondback Energy

In other news, Director Charles Alvin Meloy sold 60,605 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $161.12, for a total transaction of $9,764,677.60. Following the sale, the director directly owned 982,006 shares of the company’s stock, valued at $158,220,806.72. This represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 98,686,727 shares of the company’s stock, 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. In the last three months, insiders have sold 1,438,516 shares of company stock worth $225,026,921. Insiders own 0.70% of the company’s stock.

Diamondback Energy Price Performance

Diamondback Energy stock opened at $169.14 on Friday. The business’s fifty day moving average is $154.63 and its two-hundred day moving average is $147.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 0.62. The firm has a market cap of $48.44 billion, a P/E ratio of 11.75 and a beta of 0.63. Diamondback Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $170.54.

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.