Tocqueville Asset Management L.P. Buys New Shares in Diamondback Energy, Inc. $FANG

Posted by Geri Gentry on Aug 20th, 2026

Tocqueville Asset Management L.P. bought a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 179,012 shares of the oil and natural gas company’s stock, valued at approximately $31,467,000. Tocqueville Asset Management L.P. owned about 0.06% of Diamondback Energy at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Diamondback Energy in the second quarter valued at $3,303,362,000. Bank of New York Mellon Corp acquired a new position in shares of Diamondback Energy during the 2nd quarter worth about $852,791,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Diamondback Energy during the 2nd quarter worth about $268,855,000. Wellington Management Group LLP raised its holdings in shares of Diamondback Energy by 74.1% in the 4th quarter. Wellington Management Group LLP now owns 3,239,837 shares of the oil and natural gas company’s stock valued at $487,045,000 after purchasing an additional 1,379,010 shares during the period. Finally, EnCap Energy Capital Fund XII L.P. bought a new stake in shares of Diamondback Energy in the 4th quarter valued at about $169,342,000. 90.01% of the stock is owned by institutional investors.

Insider Transactions at Diamondback Energy

In related news, EVP Matt Zmigrosky sold 5,000 shares of Diamondback Energy stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $200.54, for a total transaction of $1,002,700.00. Following the completion of the sale, the executive vice president directly owned 46,392 shares of the company’s stock, valued at approximately $9,303,451.68. This trade represents a 9.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles Alvin Meloy sold 83,334 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $187.12, for a total value of $15,593,458.08. Following the completion of the sale, the director owned 851,530 shares of the company’s stock, valued at $159,338,293.60. This trade represents a 8.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 129,167 shares of company stock worth $24,714,309 over the last three months. Company insiders own 0.64% of the company’s stock.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $208.55 on Thursday. The stock has a market cap of $58.40 billion, a PE ratio of 40.65 and a beta of 0.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.47. The firm has a 50-day moving average of $191.03 and a 200-day moving average of $188.74. Diamondback Energy, Inc. has a 52-week low of $134.30 and a 52-week high of $214.51.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 EPS for the quarter, beating analysts’ consensus estimates of $6.08 by $0.40. The business had revenue of $5.56 billion for the quarter, compared to analyst estimates of $4.89 billion. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. Diamondback Energy’s quarterly revenue was up 51.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.38 EPS. On average, sell-side analysts anticipate that Diamondback Energy, Inc. will post 19.3 EPS for the current year.

Diamondback Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, August 13th. Diamondback Energy’s payout ratio is currently 85.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FANG shares. Wells Fargo & Company lifted their price target on Diamondback Energy from $262.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Roth Capital set a $212.00 price objective on Diamondback Energy and gave the company a “buy” rating in a research note on Monday, June 22nd. Wolfe Research reaffirmed an “outperform” rating and issued a $206.00 price objective on shares of Diamondback Energy in a research report on Tuesday, August 4th. Morgan Stanley downgraded Diamondback Energy from an “overweight” rating to an “equal weight” rating and set a $216.00 target price for the company. in a research note on Wednesday. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $248.00 target price on shares of Diamondback Energy in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Diamondback Energy currently has an average rating of “Moderate Buy” and a consensus target price of $222.21.

Read Our Latest Stock Analysis on FANG

Trending Headlines about Diamondback Energy

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

Positive Sentiment: Morgan Stanley reaffirmed its Equal Weight rating but raised or maintained a $216 price target, implying modest upside from the referenced price. The target provides some support, though the neutral rating limits the bullish signal. Morgan Stanley rating report
Positive Sentiment: Zacks Research increased its FY2028 EPS forecast to $15.37 from $14.83, suggesting potential longer-term earnings improvement. Diamondback Energy valuation and pipeline venture article
Neutral Sentiment: Analysts continue to rate FANG Hold or Equal Weight, indicating neither a strong bullish nor bearish consensus. Diamondback’s Permian-to-Katy gas pipeline strategy and participation in the Solitude Pipeline venture could broaden its midstream exposure, but the investment benefits remain dependent on execution and future cash flows. Diamondback Permian-to-Katy gas pipeline article
Negative Sentiment: Zacks Research cut several near- and medium-term forecasts: Q3 2026 EPS to $2.70 from $4.32, Q4 2026 to $3.11 from $4.19, FY2026 to $16.52 from $18.11, FY2027 to $14.95 from $16.42, Q4 2027 to $3.08 from $3.87, and Q1 2028 to $3.12 from $3.57. Additional reductions affected Q2 and Q3 2027 estimates. These revisions outweigh the isolated FY2028 increase and are likely pressuring the stock.

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.