Tulsa Wealth Advisors INC Makes New Investment in Diamondback Energy, Inc. $FANG

Posted by Brenda Bartman on Aug 17th, 2026

Tulsa Wealth Advisors INC purchased a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,040 shares of the oil and natural gas company’s stock, valued at approximately $710,000.

A number of other large investors also recently modified their holdings of FANG. Cedar Mountain Advisors LLC purchased a new stake in shares of Diamondback Energy during the 1st quarter worth $26,000. Laurel Wealth Advisors LLC purchased a new position in Diamondback Energy in the fourth quarter valued at $26,000. JPL Wealth Management LLC purchased a new position in Diamondback Energy in the third quarter valued at $26,000. Wellington Shields & Co. LLC increased its holdings in Diamondback Energy by 264.7% in the fourth quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock valued at $28,000 after buying an additional 135 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in Diamondback Energy in the first quarter valued at $40,000. 90.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on FANG. Barclays lifted their price target on Diamondback Energy from $225.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Weiss Ratings upgraded Diamondback Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 31st. Sanford C. Bernstein raised their target price on Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Wells Fargo & Company boosted their target price on Diamondback Energy from $262.00 to $263.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, Susquehanna boosted their target price on Diamondback Energy from $245.00 to $255.00 and gave the stock a “positive” rating in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $222.30.

View Our Latest Research Report on Diamondback Energy

Insider Transactions at Diamondback Energy

In related news, Director Charles Alvin Meloy sold 33,333 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $198.41, for a total value of $6,613,600.53. Following the completion of the sale, the director directly owned 818,197 shares of the company’s stock, valued at $162,338,466.77. This represents a 3.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Lawrence Plaumann sold 500 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 13,437 shares of the company’s stock, valued at approximately $2,640,370.50. This trade represents a 3.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 134,167 shares of company stock valued at $25,749,309 over the last quarter. Company insiders own 0.64% of the company’s stock.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $202.47 on Monday. The company’s fifty day moving average price is $190.31 and its 200 day moving average price is $187.74. Diamondback Energy, Inc. has a 12 month low of $134.30 and a 12 month high of $214.51. 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 market capitalization of $56.70 billion, a P/E ratio of 39.47 and a beta of 0.43.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last announced its quarterly earnings results 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. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The firm had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the company earned $2.38 earnings per share. Diamondback Energy’s quarterly revenue was up 51.2% compared to the same quarter last year. As a group, sell-side analysts predict that Diamondback Energy, Inc. will post 19.73 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, August 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.2%. Diamondback Energy’s payout ratio is 85.77%.

Diamondback Energy 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.