Added to YB: 2024-03-15
Pitch date: 2023-12-31
FANG [bullish]
Diamondback Energy, Inc.
+2.27%
current return
Author Info
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Company Info
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.
Market Cap
$42.6B
Pitch Price
$145.76
Price Target
N/A
Dividend
2.69%
EV/EBITDA
6.15
P/E
10.35
EV/Sales
4.46
Sector
Oil, Gas and Consumable Fuels
Category
value
Show full summary:
Diamond Hill Capital Select Strategy Portfolio Holding: Diamondback Energy, Inc. - $FANG
FANG: New Permian Basin oil holding. Cost-efficient, shareholder-aligned mgmt. Q4 oil price drop hurt shares but positioned for long-term FCF. Initiated position in quality operator at discount to estimated intrinsic value on Q4 weakness.
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