<div id="readability-page-1"><p>Park National Corp OH lessened its holdings in shares of  Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 48.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor  owned 24,446 shares of the oil and natural gas company's stock after selling 23,274 shares during the period. Park National Corp OH's holdings in Diamondback Energy were worth $3,498,000 as of its most recent SEC filing.</p><ul><li>End the Year Strong With These 3 Comeback Champions</li></ul><p>Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in  Diamondback Energy by 1.7% during the second quarter. Vanguard Group Inc. now owns 23,325,287 shares of the oil and natural gas company's stock worth $3,204,894,000 after acquiring an additional 388,512 shares in the last quarter.  Boston Partners increased its stake in shares of  Diamondback Energy by 2.8% during the second quarter. Boston Partners now owns 5,569,990 shares of the oil and natural gas company's stock valued at $766,914,000 after purchasing an additional 151,150 shares in the last quarter.  Geode Capital Management LLC increased its stake in shares of  Diamondback Energy by 2.7% during the second quarter. Geode Capital Management LLC now owns 5,441,649 shares of the oil and natural gas company's stock valued at $746,526,000 after purchasing an additional 142,649 shares in the last quarter.  Bank of New York Mellon Corp lifted its holdings in shares of  Diamondback Energy by 9.0% during the second quarter. Bank of New York Mellon Corp now owns 4,642,218 shares of the oil and natural gas company's stock valued at $637,841,000 after purchasing an additional 384,971 shares during the last quarter.  Finally, Raymond James Financial Inc. lifted its holdings in shares of  Diamondback Energy by 9.2% during the second quarter. Raymond James Financial Inc. now owns 1,952,276 shares of the oil and natural gas company's stock valued at $268,243,000 after purchasing an additional 164,293 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors. </p><div><p><span></span><span>Get <strong>Diamondback Energy</strong> alerts:</span></p></div><h2>Diamondback Energy Stock Down 3.2%</h2><p>FANG stock opened at $149.06 on Wednesday. The stock has a market capitalization of $42.69 billion, a P/E ratio of 10.36 and a beta of 0.63. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.60. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $180.91. The business has a fifty day moving average price of $147.39 and a 200-day moving average price of $144.54. </p><ul><li>3 Companies to Watch as Natural Gas Stocks Make a Comeback</li></ul><p>Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The oil and natural gas company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.94 by $0.14. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The company had revenue of $3.92 billion for the quarter, compared to analysts' expectations of $3.48 billion. During the same period last year, the firm posted $3.19 earnings per share. Diamondback Energy's revenue was up 48.4% compared to the same quarter last year.  Equities analysts forecast that  Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year. </p><h2>Diamondback Energy Dividend Announcement</h2><p>The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a $1.00 dividend. The ex-dividend date was Thursday, November 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.7%. Diamondback Energy's payout ratio is currently 27.80%. </p><h2>Insider Buying and Selling at Diamondback Energy</h2><ul><li>These 5 Energy Stocks Hedge Inflation With Growth Potential</li></ul><p>In related news, Director Charles Alvin Meloy sold 377,911 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $138.61, for a total transaction of $52,382,243.71. Following the transaction, the director owned 1,044,864 shares in the company, valued at $144,828,599.04. This represents a 26.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by insiders. </p><h2>Analyst Ratings Changes</h2><p>Several analysts recently weighed in on the company. Barclays cut their price target on Diamondback Energy from $185.00 to $178.00 and set an &#34;overweight&#34; rating on the stock in a research note on Tuesday, October 7th. Roth Capital  set a $162.00 target price on Diamondback Energy and gave the stock a &#34;buy&#34; rating in a report on Tuesday, November 4th. Susquehanna cut their target price on Diamondback Energy to $188.00 and set a &#34;positive&#34; rating on the stock in a research note on Monday, October 20th. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of Diamondback Energy in a research report on Monday. Finally, Melius started 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 target on the stock. One research analyst  has rated the stock with a Strong Buy rating, twenty have assigned  a Buy rating and one  has given a Hold rating to the stock. According to data from MarketBeat, Diamondback Energy  has a consensus rating of &#34;Buy&#34; and a consensus price target of $188.76.</p><p><b>Get Our Latest Stock Analysis on FANG</b></p><h2>Diamondback Energy 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>Read More</h2><ul><li>Five stocks we like better than Diamondback Energy</li><li>How to invest in marijuana stocks in 7 steps </li><li>Why Taiwan Semiconductor's 6.5% Dip Could Be a Smart Buy</li><li>What is the Nasdaq? Complete Overview with History</li><li>RTX Surges to Record Highs as Defense Orders Explode</li><li>Airline Stocks - Top Airline Stocks to Buy Now</li><li>Smart Money Is Buying Auto Suppliers, Not Car Brands</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 reporting and unbiased coverage. 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>Park National Corp OH reduced its stake in Diamondback Energy by 48.8% in Q3, owning 24,446 shares worth $3.5 million. Other institutional investors adjusted their holdings, with Vanguard, Boston Partners, Geode Capital, and others increasing their stakes. Diamondback's stock opened at $149.06, with a market cap of $42.69 billion. Analysts forecast EPS of 15.49 for the fiscal year. Barclays lowered its price target from $185 to $178, maintaining an "overweight" rating.</p>

Park National Corp OH Lowers Stock Position in Diamondback Energy, Inc. $FANG