Diamondback Energy (FANG) appears to be
amid changes in market conditions and internal dynamics. Notable is the
stock purchase by several fund and wealth management companies like
12th Street Asset Management, Diamond Hill Capital Management, and EverSource Wealth Advisors. The energy firm has also seen some shares sold by particular entities like
M&T Bank Corp and AlphaQuest LLC. Analyst price targets have also varied, with a notable cut from $245 to $214 by
Raymond James. Despite hitting a 52-week low, some consider the company as a potential
buy now.
Large-Cap stock insider buying is another highlight. Diamondback Energy has announced a few significant moves -
a Midland Basin Acquisition and
a $4.08 billion purchase of Double Eagle assets, supported by a
$1.2 billion offering of Senior Notes. It's worth noting the company's CEO stepping down recently alongside another acquisition. Also,
dividend potential still make it one of the attractive energy stocks to invest in.
Diamondback Energy FANG News Analytics from Wed, 11 Dec 2024 08:00:00 GMT to Sat, 15 Mar 2025 11:07:24 GMT -
Rating 1
- Innovation 8
- Information 7
- Rumor 3
