Leonteq Securities AG bought a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,864 shares of the oil and natural gas company’s stock, valued at approximately $731,000.
A number of other hedge funds also recently bought and sold shares of the company. Boston Partners boosted its holdings in Diamondback Energy by 2.9% during the third quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock valued at $821,649,000 after acquiring an additional 163,548 shares during the period. Capital Research Global Investors boosted its holdings in Diamondback Energy by 38.0% during the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock valued at $543,610,000 after acquiring an additional 1,046,398 shares during the period. Invesco Ltd. boosted its holdings in Diamondback Energy by 9.6% during the third quarter. Invesco Ltd. now owns 3,120,359 shares of the oil and natural gas company’s stock valued at $446,523,000 after acquiring an additional 274,331 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Diamondback Energy by 9.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,355,480 shares of the oil and natural gas company’s stock valued at $337,078,000 after acquiring an additional 198,919 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in Diamondback Energy by 9.2% during the second quarter. Raymond James Financial Inc. now owns 1,952,276 shares of the oil and natural gas company’s stock valued at $268,243,000 after acquiring an additional 164,293 shares during the period. 90.01% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
FANG has been the subject of a number of recent analyst reports. Scotiabank upped their price target on shares of Diamondback Energy from $175.00 to $195.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Mizuho upped their price target on shares of Diamondback Energy from $205.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. The Goldman Sachs Group upped their price target on shares of Diamondback Energy from $187.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Sanford C. Bernstein upped their price target on shares of Diamondback Energy from $237.00 to $241.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Finally, Wells Fargo & Company upped their price target on shares of Diamondback Energy from $202.00 to $262.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Five analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $221.84.
Diamondback Energy Stock Down 0.1%
NASDAQ FANG opened at $200.71 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.55 and a current ratio of 0.56. The firm has a 50-day simple moving average of $194.16 and a 200 day simple moving average of $169.89. Diamondback Energy, Inc. has a twelve month low of $133.75 and a twelve month high of $214.51. The stock has a market cap of $56.46 billion, a PE ratio of 233.39 and a beta of 0.46.
Diamondback Energy (NASDAQ:FANG – Get Free Report) last released its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, beating the consensus estimate of $3.74 by $0.49. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the company earned $4.54 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. On average, research analysts forecast that Diamondback Energy, Inc. will post 19.08 EPS for the current year.
Diamondback Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a dividend of $1.10 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, May 14th. Diamondback Energy’s dividend payout ratio is 511.63%.
Insider Activity
In other Diamondback Energy news, CAO Teresa L. Dick sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $190.00, for a total transaction of $950,000.00. Following the completion of the transaction, the chief accounting officer owned 107,755 shares in the company, valued at $20,473,450. This trade represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven E. West sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the transaction, the director owned 4,484 shares of the company’s stock, valued at approximately $844,561.40. This represents a 57.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 174,321 shares of company stock valued at $32,090,475. 0.64% of the stock is owned by company insiders.
Key Headlines Impacting Diamondback Energy
Here are the key news stories impacting Diamondback Energy this week:
- Positive Sentiment: Oil prices remain elevated, which is helping Permian Basin producers like Diamondback Energy. One article noted that higher WTI and more gas production per barrel could be a tailwind for FANG’s revenue and cash flow. Article link
- Positive Sentiment: Broader energy coverage also highlighted Diamondback as a beneficiary if oil supply stays tight, with commentary suggesting U.S. energy stocks could continue to outperform as global reserves are drawn down. Article link
- Neutral Sentiment: Diamondback’s recent earnings beat and dividend increase continue to support the stock’s fundamental case, but these were already known from the company’s latest quarterly report and are not new catalysts.
- Negative Sentiment: Diamondback CAO Teresa L. Dick sold 5,000 shares at $207 each, which can weigh on investor sentiment because insider selling is often viewed cautiously. SEC Form 4 filing
- Negative Sentiment: Zacks Research trimmed several near- and medium-term earnings estimates for FANG, including Q2 2027, Q3 2027, Q1 2028 and FY2028, signaling somewhat softer expectations even though the firm kept a Strong-Buy rating. Zacks analyst note
Diamondback Energy Profile
Diamondback Energy, Inc (NASDAQ: FANG) is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.
Diamondback’s activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.
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