Peterson Wealth Services Trims Stake in Diamondback Energy, Inc. $FANG

Posted by Francis Steltz on Jul 10th, 2026

Peterson Wealth Services reduced its stake in Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) by 67.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,856 shares of the oil and natural gas company’s stock after selling 16,117 shares during the quarter. Peterson Wealth Services’ holdings in Diamondback Energy were worth $1,554,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new stake in Diamondback Energy in the fourth quarter worth about $25,000. Laurel Wealth Advisors LLC purchased a new position in shares of Diamondback Energy during the 4th quarter valued at about $26,000. Richardson Financial Services Inc. lifted its position in shares of 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 buying an additional 125 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Diamondback Energy during the 3rd quarter valued at approximately $26,000. Finally, Wellington Shields & Co. LLC grew its stake in shares of Diamondback Energy by 264.7% during the 4th quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 135 shares during the period. 90.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FANG has been the topic of a number of recent analyst reports. Roth Capital set a $212.00 target price on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Monday, June 22nd. KeyCorp upped their price target on shares of Diamondback Energy from $196.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Scotiabank increased their price objective on shares of Diamondback Energy from $175.00 to $195.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Diamondback Energy in a research report on Wednesday, May 27th. Finally, Susquehanna lifted their target price on shares of Diamondback Energy from $231.00 to $245.00 and gave the company a “positive” rating in a research note on Wednesday, May 6th. Five research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $220.68.

View Our Latest Stock Report on Diamondback Energy

Diamondback Energy Trading Down 2.5%

Shares of FANG opened at $182.00 on Friday. The firm has a market cap of $51.20 billion, a P/E ratio of 211.63 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. Diamondback Energy, Inc. has a 1 year low of $134.30 and a 1 year high of $214.51. The company has a 50 day simple moving average of $192.24 and a two-hundred day simple moving average of $179.21.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last released its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $3.74 by $0.49. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the previous year, the firm earned $4.54 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Diamondback Energy, Inc. will post 19.33 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $1.10 dividend. The ex-dividend date was Thursday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.4%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s payout ratio is presently 511.63%.

Insider Activity at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total transaction 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 trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $1,002,700.00. Following the completion of the sale, the executive vice president directly owned 46,392 shares in the company, valued at $9,303,451.68. This trade represents a 9.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 113,691 shares of company stock valued at $21,622,752. 0.64% of the stock is currently owned by insiders.

Diamondback Energy Company Profile

(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.