<div id="readability-page-1"><p>Inspire Investing LLC lifted its position in shares of  Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,646 shares of the oil and natural gas company's stock after purchasing an additional 4,098 shares during the period. Diamondback Energy comprises approximately  0.7% of Inspire Investing LLC's portfolio, making the stock its 22nd largest position. Inspire Investing LLC's holdings in Diamondback Energy were worth $6,134,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Diamondback Energy</strong> alerts:</span></p></div><ul><li>These 5 Energy Stocks Hedge Inflation With Growth Potential</li></ul><p>Several other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of  Diamondback Energy by 172.8% during the first quarter. UMB Bank n.a. now owns 521 shares of the oil and natural gas company's stock worth $83,000 after purchasing an additional 330 shares during the last quarter.  Farther Finance Advisors LLC grew its stake in  Diamondback Energy by 36.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,085 shares of the oil and natural gas company's stock worth $174,000 after buying an additional 287 shares during the last quarter.  Integrated Advisors Network LLC grew its stake in  Diamondback Energy by 7.2% during the 1st quarter. Integrated Advisors Network LLC now owns 2,800 shares of the oil and natural gas company's stock worth $448,000 after buying an additional 187 shares during the last quarter.  CX Institutional purchased a new position in  Diamondback Energy during the 1st quarter worth approximately $502,000.  Finally, Simon Quick Advisors LLC grew its stake in  Diamondback Energy by 8.7% during the 1st quarter. Simon Quick Advisors LLC now owns 1,339 shares of the oil and natural gas company's stock worth $214,000 after buying an additional 107 shares during the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors. </p><h2>Insiders Place Their Bets</h2><p>In other Diamondback Energy news, Chairman Travis D. Stice sold 20,400 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $142.80, for a total transaction of $2,913,120.00. Following the transaction, the chairman directly owned 102,145 shares in the company, valued at approximately $14,586,306. This represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own  0.70% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>MarketBeat ‘Stock of the Week’: Viper winds up as oil prices sink</li></ul><p>FANG has been the topic of a number of research reports. Raymond James Financial dropped their price target on Diamondback Energy from $221.00 to $212.00 and set a &#34;strong-buy&#34; rating on the stock in a research note on Wednesday, August 20th. Melius began coverage on shares of Diamondback Energy in a research note on Wednesday, August 20th. They issued a &#34;buy&#34; rating and a $213.00 price objective on the stock. Mizuho dropped their price objective on shares of Diamondback Energy from $183.00 to $176.00 and set an &#34;outperform&#34; rating on the stock in a research note on Monday, September 15th. Wells Fargo &amp; Company lifted their price objective on shares of Diamondback Energy from $210.00 to $211.00 and gave the company an &#34;overweight&#34; rating in a research note on Thursday, August 14th. Finally, Weiss Ratings  restated a &#34;hold (c-)&#34; rating on shares of Diamondback Energy in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty have issued  a Buy rating and one  has assigned  a Hold rating to the company's stock. According to MarketBeat.com, the company  has an average rating of &#34;Buy&#34; and a consensus price target of $192.32.</p><p><b>Get Our Latest Report on FANG</b></p><h2>Diamondback Energy Trading Down 3.0%</h2><ul><li>These energy stocks are most-upgraded amid falling oil prices</li></ul><p>Shares of Diamondback Energy stock opened at $139.82 on Friday. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $196.00. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. The company's 50-day simple moving average is $142.51 and its 200-day simple moving average is $141.18. The firm has a market cap of $40.48 billion, a price-to-earnings ratio of 9.94 and a beta of 1.04. </p><p>Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The oil and natural gas company reported $2.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.72 by ($0.05). Diamondback Energy had a return on equity of 9.48% and a net margin of 27.25%.The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the firm earned $4.52 earnings per share. The company's revenue was up 48.1% compared to the same quarter last year.  As a group, equities research analysts anticipate that  Diamondback Energy, Inc. will post 15.49 earnings per share for the current year. </p><h2>Diamondback Energy Dividend Announcement</h2><p>The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, August 14th. Diamondback Energy's dividend payout ratio  is presently 28.43%. </p><h2>Diamondback Energy Company Profile</h2> (Free Report)<p>Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It 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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Diamondback Energy</li><li>Should You Invest in Penny Stocks?</li><li>3 Heavily Shorted Stocks That Could Pop on Rate Cuts</li><li>Conference Calls and Individual Investors</li><li>Broadcom Gets Second $420 Target as CPO Win Boosts Outlook</li><li>3 Defense Stocks Set to Benefit From Increased Military Spending</li><li>PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can</li></ul><p><strong>Want to see what other hedge funds are holding FANG?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diamondback Energy, Inc. (NASDAQ:FANG - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RkFORw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RkFORw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Diamondback Energy Right Now?</h2><p>Before you consider Diamondback Energy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diamondback Energy wasn't on the list.</p><p>While Diamondback Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FANG

<p>Inspire Investing LLC increased its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 10.1% in Q2, now holding 44,646 shares valued at $6.13 million. Other institutional investors also raised their positions. Meanwhile, Chairman Travis D. Stice sold 20,400 shares, reducing his ownership by 16.65%. Analysts have mixed ratings on the stock, with a consensus price target of $192.32. Diamondback Energy shares opened at $139.82, with a 52-week range of $114.00 to $196.00.</p>

Inspire Investing LLC Grows Stock Holdings in Diamondback Energy, Inc. $FANG