Empowered Funds LLC Purchases 22,961 Shares of Diamondback Energy, Inc. $FANG

Posted by Brenda Bartman on Aug 28th, 2026

Empowered Funds LLC grew its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) by 19.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,783 shares of the oil and natural gas company’s stock after acquiring an additional 22,961 shares during the period. Empowered Funds LLC’s holdings in Diamondback Energy were worth $24,571,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Transamerica Financial Advisors LLC lifted its stake in Diamondback Energy by 21.0% in the second quarter. Transamerica Financial Advisors LLC now owns 294 shares of the oil and natural gas company’s stock valued at $52,000 after buying an additional 51 shares during the period. Deseret Mutual Benefit Administrators grew its position in shares of Diamondback Energy by 31.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 274 shares of the oil and natural gas company’s stock worth $41,000 after buying an additional 66 shares during the period. Scotia Capital Inc. increased its stake in shares of Diamondback Energy by 0.3% in the 3rd quarter. Scotia Capital Inc. now owns 19,719 shares of the oil and natural gas company’s stock valued at $2,822,000 after acquiring an additional 68 shares in the last quarter. Capital Financial Group Inc. Co. ADV increased its stake in shares of Diamondback Energy by 2.1% in the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 3,584 shares of the oil and natural gas company’s stock valued at $709,000 after acquiring an additional 75 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Diamondback Energy by 0.5% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 17,564 shares of the oil and natural gas company’s stock valued at $2,513,000 after acquiring an additional 86 shares during the period. 90.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Sanford C. Bernstein increased their target price on shares of Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Wall Street Zen upgraded shares of Diamondback Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Morgan Stanley reissued an “equal weight” rating and set a $216.00 price objective on shares of Diamondback Energy in a research report on Wednesday, August 19th. Jefferies Financial Group restated a “hold” rating and issued a $205.00 target price on shares of Diamondback Energy in a research note on Sunday, August 9th. Finally, Susquehanna boosted their target price on Diamondback Energy from $245.00 to $255.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.21.

Read Our Latest Research Report on Diamondback Energy

Insider Buying and Selling

In other news, CAO Teresa L. Dick sold 7,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 85,755 shares of the company’s stock, valued at $17,228,179.50. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Lawrence Plaumann sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total value of $98,250.00. Following the completion of the transaction, the director owned 13,437 shares in the company, valued at $2,640,370.50. This represents a 3.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 129,167 shares of company stock worth $24,714,309 over the last 90 days. Company insiders own 0.64% of the company’s stock.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $200.52 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $192.96 and a two-hundred day simple moving average of $190.44. Diamondback Energy, Inc. has a 12 month low of $134.30 and a 12 month high of $216.90. The firm has a market capitalization of $56.15 billion, a PE ratio of 39.09 and a beta of 0.43.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.08 by $0.40. The firm 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%. The business’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same period last year, the firm earned $2.38 earnings per share. Analysts forecast that Diamondback Energy, Inc. will post 20.13 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

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

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.