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Diamondback Energy (NASDAQ:FANG) Sets New 52-Week High - Still a Buy?
Diamondback Energy (NASDAQ:FANG) recently hit a new 52-week high of $184.82, yet analysts maintain a “Moderate Buy” rating with a consensus price target of $189.00. Despite missing quarterly earnings and revenue estimates, the company increased its quarterly dividend. The stock has seen significant insider selling from Fang Holdings and a director, though institutional investors still hold a substantial 90% ownership.