Kovack Advisors Inc. Increases Stake in Diamondback Energy, Inc. $FANG

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Kovack Advisors Inc. significantly increased its stake in Diamondback Energy (NASDAQ:FANG) by 59.0% during the third quarter, bringing its total holdings to 18,449 shares valued at $2.64 million. Despite substantial insider selling, Wall Street analysts maintain a “Buy” consensus rating for FANG with a target price of $185.90. The oil and natural gas company has a market capitalization of $50.04 billion and its stock trades at $174.72, showing healthy financial metrics.

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