This morning we watched Diamondback Energy rise 1.9% to a price of $174.24 per share. The Large-Cap Oil & Gas Drilling company is now trading -19.0% below its average target price of $215.1. Analysts have set target prices ranging from $171.0 to $255.0 per share for Diamondback Energy, and have given the stock an average rating of buy.
Diamondback Energy's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.0%. The stock's short ratio is 2.75. The company's insiders own 35.12% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 61.9%. In conclusion, we believe there is positive market sentiment regarding Diamondback Energy.
Institutions Invested in Diamondback Energy
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 8% | 23,463,369 | $4,088,257,543 |
| 2024-09-30 | Blackrock Inc. | 5% | 15,354,764 | $2,675,414,163 |
| 2024-09-30 | State Street Corporation | 4% | 11,858,555 | $2,066,234,688 |
| 2024-09-30 | Price (T.Rowe) Associates Inc | 3% | 8,208,216 | $1,430,199,600 |
| 2024-09-30 | JP Morgan Chase & Company | 2% | 4,958,592 | $863,985,097 |
| 2024-09-30 | FMR, LLC | 2% | 4,849,563 | $844,987,883 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 4,618,560 | $804,737,919 |
| 2024-09-30 | Boston Partners | 2% | 4,597,922 | $801,141,954 |
| 2024-09-30 | Nuveen Asset Management, LLC | 1% | 3,915,891 | $682,304,869 |
| 2024-09-30 | Morgan Stanley | 1% | 3,715,692 | $647,422,194 |
