Pallas Capital Advisors LLC Purchases New Position in Diamondback Energy, Inc. $FANG

Posted by Brian Himes on Aug 18th, 2026

Pallas Capital Advisors LLC acquired a new stake in Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,062 shares of the oil and natural gas company’s stock, valued at approximately $3,351,000.

Several other hedge funds also recently made changes to their positions in FANG. Deseret Mutual Benefit Administrators lifted its holdings in shares of Diamondback Energy by 31.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 274 shares of the oil and natural gas company’s stock valued at $41,000 after purchasing an additional 66 shares during the last quarter. Scotia Capital Inc. increased its position in Diamondback Energy by 0.3% during the third quarter. Scotia Capital Inc. now owns 19,719 shares of the oil and natural gas company’s stock worth $2,822,000 after buying an additional 68 shares during the period. Capital Financial Group Inc. Co. ADV lifted its stake in Diamondback Energy by 2.1% in the first 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 buying an additional 75 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake in Diamondback Energy by 40.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 301 shares of the oil and natural gas company’s stock valued at $45,000 after buying an additional 86 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of Diamondback Energy by 0.5% in the third 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. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Insider Activity

In related news, Director Charles Alvin Meloy sold 83,334 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $187.12, for a total value of $15,593,458.08. Following the completion of the sale, the director owned 851,530 shares in the company, valued at $159,338,293.60. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Lawrence Plaumann sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total value of $98,250.00. Following the transaction, the director owned 13,437 shares in the company, valued at $2,640,370.50. The trade was a 3.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 129,167 shares of company stock valued at $24,714,309. Company insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FANG. Raymond James Financial restated a “strong-buy” rating and set a $248.00 target price on shares of Diamondback Energy in a research report on Friday, July 31st. Jefferies Financial Group reiterated a “hold” rating and set a $205.00 price target on shares of Diamondback Energy in a research note on Sunday, August 9th. Mizuho lifted their price objective on shares of Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Wall Street Zen raised shares of Diamondback Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Susquehanna upped their target price on shares of Diamondback Energy from $245.00 to $255.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $221.75.

Get Our Latest Stock Report on FANG

Diamondback Energy Price Performance

Diamondback Energy stock opened at $206.29 on Tuesday. 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 business has a 50 day simple moving average of $190.47 and a 200-day simple moving average of $188.07. The stock has a market capitalization of $57.77 billion, a PE ratio of 40.21 and a beta of 0.43.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last posted 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%. Diamondback Energy’s quarterly revenue was up 51.2% on a year-over-year basis. During the same period last year, the firm posted $2.38 EPS. Equities analysts predict that Diamondback Energy, Inc. will post 19.73 earnings per share for the current year.

Diamondback Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, August 13th. Diamondback Energy’s payout ratio is 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.