Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Diamondback Energy Inc (NASDAQ:FANG) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,324 shares of the oil and natural gas company’s stock after selling 850 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Diamondback Energy were worth $2,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc lifted its position in shares of Diamondback Energy by 42.6% in the 4th quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock worth $164,000 after purchasing an additional 389 shares during the period. KCS Wealth Advisory purchased a new stake in shares of Diamondback Energy in the 4th quarter worth approximately $202,000. Tower Bridge Advisors purchased a new stake in shares of Diamondback Energy in the 4th quarter worth approximately $229,000. First Personal Financial Services lifted its position in shares of Diamondback Energy by 114.9% in the 4th quarter. First Personal Financial Services now owns 1,919 shares of the oil and natural gas company’s stock worth $242,000 after purchasing an additional 1,026 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Diamondback Energy in the 3rd quarter worth approximately $206,000.

A number of equities research analysts recently commented on FANG shares. Wells Fargo & Co set a $120.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, October 17th. SunTrust Banks set a $120.00 target price on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Monday, October 16th. Williams Capital reissued a “hold” rating and set a $114.00 target price (up previously from $110.00) on shares of Diamondback Energy in a research report on Wednesday, October 18th. Morgan Stanley increased their target price on shares of Diamondback Energy from $118.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Finally, KeyCorp reissued an “overweight” rating and set a $125.00 target price (up previously from $117.00) on shares of Diamondback Energy in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $135.11.

In other Diamondback Energy news, insider Michael L. Hollis sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $129.34, for a total value of $388,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Travis D. Stice sold 35,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $125.00, for a total transaction of $4,375,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,400 shares of company stock valued at $8,337,200. Corporate insiders own 0.41% of the company’s stock.

Diamondback Energy Inc (NASDAQ:FANG) opened at $110.51 on Monday. The stock has a market cap of $10,848.47, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.91. Diamondback Energy Inc has a fifty-two week low of $82.77 and a fifty-two week high of $134.52. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.22.

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About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.

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

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