1,005,962 Shares in Diamondback Energy, Inc. $FANG Bought by Legal & General Group Plc

Posted by Brian Himes on Aug 27th, 2026

Legal & General Group Plc purchased a new position in Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,005,962 shares of the oil and natural gas company’s stock, valued at approximately $176,828,000.

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

Insiders Place Their Bets

In other Diamondback Energy news, CAO Teresa L. Dick sold 7,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total value of $1,406,300.00. Following the transaction, the chief accounting officer owned 85,755 shares of the company’s stock, valued at approximately $17,228,179.50. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles Alvin Meloy sold 33,333 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $198.41, for a total value of $6,613,600.53. Following the completion of the transaction, the director owned 818,197 shares of the company’s stock, valued at $162,338,466.77. This trade represents a 3.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 129,167 shares of company stock valued at $24,714,309. 0.64% of the stock is owned by insiders.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $199.84 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.47 and a quick ratio of 0.45. The firm has a 50-day moving average of $192.62 and a 200-day moving average of $190.20. Diamondback Energy, Inc. has a one year low of $134.30 and a one year high of $216.90. The company has a market cap of $55.96 billion, a P/E ratio of 38.96 and a beta of 0.43.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.08 by $0.40. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the firm posted $2.38 EPS. The firm’s quarterly revenue was up 51.2% compared to the same quarter last year. Equities research analysts forecast that Diamondback Energy, Inc. will post 20.13 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, August 13th. Diamondback Energy’s dividend payout ratio (DPR) is 85.77%.

Wall Street Analyst Weigh In

Several research firms have recently commented on FANG. Jefferies Financial Group restated a “hold” rating and set a $205.00 price objective on shares of Diamondback Energy in a report on Sunday, August 9th. Citigroup reduced their price target on shares of Diamondback Energy from $221.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Barclays decreased their price target on shares of Diamondback Energy from $232.00 to $221.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Zacks Research downgraded shares of Diamondback Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Diamondback Energy presently has an average rating of “Moderate Buy” and an average target price of $222.21.

Read Our Latest Report on FANG

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.