Intech Investment Management LLC Trims Holdings in Diamondback Energy, Inc. $FANG

Posted by Francis Steltz on Jun 7th, 2026

Intech Investment Management LLC cut its stake in Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) by 34.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,706 shares of the oil and natural gas company’s stock after selling 4,023 shares during the quarter. Intech Investment Management LLC’s holdings in Diamondback Energy were worth $1,158,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Boston Partners grew its position in shares of Diamondback Energy by 2.9% in the third quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock valued at $821,649,000 after purchasing an additional 163,548 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Diamondback Energy by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 5,621,120 shares of the oil and natural gas company’s stock valued at $844,073,000 after purchasing an additional 14,625 shares in the last quarter. Capital Research Global Investors grew its position in Diamondback Energy by 38.0% during the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock worth $543,610,000 after buying an additional 1,046,398 shares in the last quarter. Invesco Ltd. grew its position in Diamondback Energy by 9.6% during the third quarter. Invesco Ltd. now owns 3,120,359 shares of the oil and natural gas company’s stock worth $446,523,000 after buying an additional 274,331 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in 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 worth $337,078,000 after buying an additional 198,919 shares in the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Diamondback Energy news, EVP Matt Zmigrosky sold 5,000 shares of Diamondback Energy stock in a transaction dated 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 owned 46,392 shares of the company’s stock, valued at $9,303,451.68. The trade was a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles Alvin Meloy sold 7,857 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $189.20, for a total value of $1,486,544.40. Following the completion of the sale, the director directly owned 942,721 shares of the company’s stock, valued at approximately $178,362,813.20. This trade represents a 0.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 86,321 shares of company stock valued at $16,386,359. 0.64% of the stock is owned by insiders.

Diamondback Energy Trading Down 5.1%

Shares of FANG stock opened at $192.62 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $196.07 and a two-hundred day moving average price of $173.72. Diamondback Energy, Inc. has a 12-month low of $134.30 and a 12-month high of $214.51. The firm has a market cap of $54.19 billion, a P/E ratio of 223.98 and a beta of 0.42.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.49. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the company posted $4.54 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Diamondback Energy, Inc. will post 19.65 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.3%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, May 14th. Diamondback Energy’s dividend payout ratio is presently 511.63%.

Key Headlines Impacting Diamondback Energy

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

Positive Sentiment: Zacks Research and KeyCorp both lifted several near- and longer-term earnings estimates for Diamondback Energy, suggesting analysts still see solid profit potential ahead. Zacks also reiterated a Hold rating, while KeyCorp kept an Overweight rating and a $225 price target. Analyst estimate updates for Diamondback Energy
Positive Sentiment: Zacks described Diamondback Energy as a strong momentum stock, which may reinforce bullish sentiment around the name. Zacks momentum stock article
Neutral Sentiment: One article noted that Diamondback Energy has been trading near highs, but the focus was on market activity rather than a direct company-specific catalyst.
Negative Sentiment: Financial Post reported that the daughter of late wildcatter Autry Stephens is offloading a $2 billion energy stake, including a Diamondback Energy position. Large insider- or major-holder selling can weigh on sentiment because investors may view it as profit-taking after a strong run. Stephens family stake sale in Diamondback Energy

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FANG shares. Susquehanna boosted their target price on Diamondback Energy from $231.00 to $245.00 and gave the stock a “positive” rating in a research report on Wednesday, May 6th. Scotiabank boosted their target price on Diamondback Energy from $175.00 to $195.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Diamondback Energy in a research report on Wednesday, May 27th. Mizuho boosted their target price on Diamondback Energy from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Diamondback Energy has a consensus rating of “Moderate Buy” and a consensus price target of $223.26.

View Our Latest Stock Analysis on Diamondback Energy

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.