Public Employees Retirement System of Ohio Decreases Holdings in Diamondback Energy, Inc. $FANG

Posted by Brenda Bartman on Aug 31st, 2026

Public Employees Retirement System of Ohio lowered its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 86,961 shares of the oil and natural gas company’s stock after selling 5,192 shares during the period. Public Employees Retirement System of Ohio’s holdings in Diamondback Energy were worth $15,286,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Diamondback Energy in the second quarter valued at about $3,303,362,000. Bank of New York Mellon Corp bought a new stake in shares of Diamondback Energy in the second quarter worth about $852,791,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Diamondback Energy during the 2nd quarter valued at about $268,855,000. Wellington Management Group LLP increased its holdings in Diamondback Energy by 74.1% during the 4th quarter. Wellington Management Group LLP now owns 3,239,837 shares of the oil and natural gas company’s stock valued at $487,045,000 after purchasing an additional 1,379,010 shares during the period. Finally, EnCap Energy Capital Fund XII L.P. bought a new position in Diamondback Energy during the 4th quarter valued at approximately $169,342,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FANG shares. Wells Fargo & Company upped their target price on Diamondback Energy from $262.00 to $263.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Wall Street Zen raised shares of Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Barclays decreased their price objective 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. UBS Group cut their target price on shares of Diamondback Energy from $246.00 to $243.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Zacks Research cut shares of Diamondback Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $222.21.

Read Our Latest Stock Report on Diamondback Energy

Diamondback Energy Stock Performance

Shares of FANG stock opened at $197.67 on Monday. The company has a market capitalization of $55.35 billion, a price-to-earnings ratio of 38.53 and a beta of 0.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.47. Diamondback Energy, Inc. has a one year low of $134.30 and a one year high of $216.90. The company’s 50-day moving average is $193.25 and its 200 day moving average is $190.66.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.08 by $0.40. The business 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 firm’s quarterly revenue was up 51.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 EPS. Sell-side analysts expect that Diamondback Energy, Inc. will post 20.13 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was 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 presently 85.77%.

Insider Transactions at Diamondback Energy

In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 500 shares of the business’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 sale, the director owned 13,437 shares of the company’s stock, valued at approximately $2,640,370.50. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles Alvin Meloy sold 33,333 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $198.41, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 124,167 shares of company stock worth $23,711,609 in the last three months. Corporate insiders own 0.64% of the company’s stock.

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.