Womack Financial LLC Acquires New Holdings in Diamondback Energy, Inc. $FANG

Posted by Stanley Muller on Aug 25th, 2026

Womack Financial LLC bought a new stake in Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,840 shares of the oil and natural gas company’s stock, valued at approximately $499,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Diamondback Energy during the 4th quarter valued at $26,000. Cedar Mountain Advisors LLC bought a new position in Diamondback Energy in the first quarter valued at about $26,000. JPL Wealth Management LLC acquired a new stake in shares of Diamondback Energy during the third quarter valued at about $26,000. Wellington Shields & Co. LLC grew its holdings 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 purchasing an additional 135 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Diamondback Energy in the second quarter valued at approximately $28,000. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Price Performance

Shares of FANG opened at $205.60 on Tuesday. Diamondback Energy, Inc. has a 52-week low of $134.30 and a 52-week high of $216.90. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.47. The business’s 50 day moving average price is $192.10 and its two-hundred day moving average price is $189.74. The firm has a market cap of $57.57 billion, a PE ratio of 40.08 and a beta of 0.43.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.08 by $0.40. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%.The company’s revenue for the quarter was up 51.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.38 EPS. On average, equities analysts anticipate that Diamondback Energy, Inc. will post 20.13 EPS for the current year.

Diamondback Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $4.40 annualized dividend and a yield of 2.1%. Diamondback Energy’s dividend payout ratio is currently 85.77%.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Charles Alvin Meloy sold 83,334 shares of the firm’s stock in a transaction on 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 directly owned 851,530 shares in the company, valued at approximately $159,338,293.60. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Matt Zmigrosky sold 5,000 shares of Diamondback Energy stock in a transaction on Monday, June 1st. The shares were 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 directly owned 46,392 shares of the company’s stock, valued at approximately $9,303,451.68. This trade represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 129,167 shares of company stock valued at $24,714,309 in the last ninety days. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on FANG shares. Wolfe Research reiterated an “outperform” rating and issued a $206.00 price target on shares of Diamondback Energy in a research report on Tuesday, August 4th. Wall Street Zen upgraded Diamondback Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Barclays lowered their price target on shares of Diamondback Energy from $232.00 to $221.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Wells Fargo & Company upped their price objective on shares of Diamondback Energy from $262.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Truist Financial lifted their target price on shares of Diamondback Energy from $220.00 to $224.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Diamondback Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.21.

Check Out Our Latest Stock Report on Diamondback Energy

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.