Kingsview Wealth Management LLC Reduces Holdings in Diamondback Energy, Inc. $FANG

Posted by Brenda Bartman on May 29th, 2026

Kingsview Wealth Management LLC lowered its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) by 17.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 57,691 shares of the oil and natural gas company’s stock after selling 12,416 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Diamondback Energy were worth $8,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in Diamondback Energy in the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. increased its stake in Diamondback Energy by 245.1% during the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of Diamondback Energy in the fourth quarter worth $26,000. JPL Wealth Management LLC purchased a new position in shares of Diamondback Energy in the third quarter worth $26,000. Finally, Wellington Shields & Co. LLC lifted its stake in shares of Diamondback Energy by 264.7% during the fourth quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock worth $28,000 after buying an additional 135 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.

Diamondback Energy Stock Up 0.7%

NASDAQ:FANG opened at $194.14 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The company’s fifty day moving average price is $195.24 and its 200-day moving average price is $171.66. Diamondback Energy, Inc. has a 1-year low of $133.75 and a 1-year high of $214.51. The firm has a market capitalization of $54.61 billion, a P/E ratio of 225.75 and a beta of 0.46.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last posted its 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. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the previous year, the firm posted $4.54 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Diamondback Energy, Inc. will post 19.49 EPS for the current year.

Diamondback Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were paid a $1.10 dividend. The ex-dividend date was Thursday, May 14th. 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 dividend yield of 2.3%. Diamondback Energy’s dividend payout ratio (DPR) is currently 511.63%.

Insider Transactions at Diamondback Energy

In other Diamondback Energy news, EVP Matt Zmigrosky sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $200.10, for a total value of $1,000,500.00. Following the completion of the transaction, the executive vice president directly owned 51,392 shares of the company’s stock, valued at approximately $10,283,539.20. The trade was a 8.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Teresa L. Dick sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $207.00, for a total value of $1,035,000.00. Following the completion of the sale, the chief accounting officer owned 92,755 shares in the company, valued at approximately $19,200,285. This represents a 5.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 174,321 shares of company stock valued at $32,090,475. 0.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FANG shares. Mizuho boosted their price objective on shares of Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday. Raymond James Financial restated a “strong-buy” rating and issued a $242.00 target price on shares of Diamondback Energy in a research note on Monday, April 27th. Wall Street Zen raised Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Wells Fargo & Company boosted their price target on Diamondback Energy from $202.00 to $262.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group increased their price objective on Diamondback Energy from $187.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Five investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $223.26.

Read Our Latest Research 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.