Mackenzie Financial Corp Lowers Position in Diamondback Energy, Inc. $FANG
Mackenzie Financial Corp reduced its stake in Diamondback Energy by 73.1% in Q2, now holding 20,420 shares worth $2.8 million. Despite this, analysts maintain a positive outlook on Diamondback Energy, with a consensus "Buy" rating and an average price target of $186.95. The company reported Q3 earnings of $3.08 per share, surpassing estimates, with revenue up 48.4% year-over-year.