Marietta Investment Partners LLC Purchases 13,724 Shares of Diamondback Energy, Inc. $FANG

Posted by Brenda Bartman on Jun 4th, 2026

Marietta Investment Partners LLC lifted its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) by 94.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,302 shares of the oil and natural gas company’s stock after purchasing an additional 13,724 shares during the quarter. Marietta Investment Partners LLC’s holdings in Diamondback Energy were worth $4,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Moloney Securities Asset Management LLC bought a new stake in shares of Diamondback Energy during the third quarter valued at approximately $472,000. Assetmark Inc. boosted its position in shares of Diamondback Energy by 2.4% during the third quarter. Assetmark Inc. now owns 256,638 shares of the oil and natural gas company’s stock valued at $36,725,000 after purchasing an additional 5,936 shares in the last quarter. Smead Capital Management Inc. boosted its position in shares of Diamondback Energy by 24.6% during the third quarter. Smead Capital Management Inc. now owns 1,312,413 shares of the oil and natural gas company’s stock valued at $187,806,000 after purchasing an additional 258,738 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 purchasing an additional 198,919 shares in the last quarter. Finally, Krilogy Financial LLC bought a new stake in shares of Diamondback Energy during the third quarter valued at approximately $945,000. 90.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on Diamondback Energy from $187.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Wells Fargo & Company lifted their price target on Diamondback Energy from $202.00 to $262.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Wall Street Zen raised Diamondback Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barclays boosted their target price on Diamondback Energy from $225.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Piper Sandler boosted their target price on Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.26.

Get Our Latest Research Report on FANG

Diamondback Energy Trading Up 4.0%

Shares of NASDAQ:FANG opened at $210.59 on Thursday. The company has a market cap of $59.24 billion, a P/E ratio of 244.87 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. Diamondback Energy, Inc. has a 1 year low of $134.30 and a 1 year high of $214.51. The stock’s fifty day moving average price is $196.02 and its 200-day moving average price is $173.21.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.54 earnings per share. Sell-side analysts expect that Diamondback Energy, Inc. will post 19.54 earnings per share for the current year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Thursday, May 14th. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.1%. Diamondback Energy’s dividend payout ratio is currently 511.63%.

Insider Activity

In other news, Director Steven E. West sold 6,000 shares of the company’s stock in a transaction on 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 directly owned 4,484 shares of the company’s stock, valued at $844,561.40. This represents a 57.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Matt Zmigrosky sold 20,899 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $180.00, for a total value of $3,761,820.00. Following the transaction, the executive vice president directly owned 60,493 shares in the company, valued at approximately $10,888,740. The trade was a 25.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 186,321 shares of company stock valued at $34,499,475. Corporate insiders own 0.64% of the company’s stock.

Trending Headlines about Diamondback Energy

Here are the key news stories impacting Diamondback Energy this week:

Positive Sentiment: Zacks Research raised Diamondback’s earnings estimates for several future periods, including Q1 2027, Q2 2027, Q3 2027, and FY2028, suggesting a better profit outlook for the oil producer.
Positive Sentiment: Diamondback is also benefiting from broader optimism around oil prices, including commentary from Exxon that points to potentially very strong Permian Basin economics if crude remains elevated.
Positive Sentiment: Recent analyst coverage remains constructive overall, with the stock carrying a “Moderate Buy” consensus and several firms maintaining bullish targets.
Neutral Sentiment: Jim Cramer highlighted Diamondback as a name on his radar among oil stocks, which may increase visibility but does not change fundamentals by itself. Diamondback Energy (FANG) Is On Jim Cramer’s Radar When It Comes To Oil Stocks
Neutral Sentiment: Multiple insider sales by executives, including EVP Matt Zmigrosky and CAO Teresa L. Dick, may weigh on sentiment slightly, though these sales appear to be relatively routine after the stock’s strong run. SEC filing for Matt Zmigrosky sale SEC filing for Teresa L. Dick sale
Negative Sentiment: One article notes Diamondback is still down modestly since its last earnings report, reflecting some investor caution despite the company’s solid quarterly beat.

About Diamondback Energy

(Free Report)

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.