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PKO Investment Management Joint Stock Co Grows Stock Holdings in Diamondback Energy, Inc. $FANG
PKO Investment Management Joint Stock Co significantly increased its stake in Diamondback Energy, Inc. (FANG) by 150% in the fourth quarter, purchasing an additional 8,700 shares to bring its total holdings to 14,500 shares valued at approximately $2.18 million. This move aligns with a broader positive shift in market and analyst sentiment for Diamondback Energy, driven by factors like the UAE’s exit from OPEC, which could boost crude prices, and a “Strong-Buy” upgrade from Zacks, despite recent Q1 EPS miss and insider selling. Analysts maintain a “Buy” consensus rating with a target price of $208.05 for FANG.