Northwestern Mutual Wealth Management Co. Trims Stock Position in Diamondback Energy, Inc. $FANG

Posted by Brian Himes on Sep 4th, 2026

Northwestern Mutual Wealth Management Co. lessened its stake in Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) by 18.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,510 shares of the oil and natural gas company’s stock after selling 5,007 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Diamondback Energy were worth $3,781,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cedar Mountain Advisors LLC purchased a new position in Diamondback Energy during the first quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new position in Diamondback Energy in the second quarter valued at approximately $28,000. JPL Wealth Management LLC purchased a new stake in Diamondback Energy in the 3rd quarter worth approximately $26,000. 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 worth $28,000 after purchasing an additional 135 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in shares of Diamondback Energy during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Diamondback Energy from $220.00 to $224.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Roth Capital set a $212.00 price target on shares of Diamondback Energy and gave the company a “buy” rating in a research report on Monday, June 22nd. Wells Fargo & Company lifted their price objective on shares of Diamondback Energy from $262.00 to $263.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. UBS Group decreased their price objective on shares of Diamondback Energy from $246.00 to $243.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Finally, 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. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Diamondback Energy presently has a consensus rating of “Moderate Buy” and an average target price of $222.21.

Get Our Latest Research Report on FANG

Insider Activity

In other news, Director Charles Meloy sold 33,333 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were 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 owned 818,197 shares of the company’s stock, valued at $162,338,466.77. The trade was a 3.91% decrease in their ownership of the stock. The transaction 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 company’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 transaction, the director 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 117,167 shares of company stock worth $22,305,309. Company insiders own 0.64% of the company’s stock.

Diamondback Energy Trading Down 0.2%

Shares of NASDAQ:FANG opened at $202.94 on Friday. Diamondback Energy, Inc. has a 1 year low of $134.30 and a 1 year high of $216.90. The firm has a market capitalization of $56.83 billion, a price-to-earnings ratio of 39.56 and a beta of 0.43. 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’s 50 day moving average price is $194.61 and its 200-day moving average price is $191.65.

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

Diamondback Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were given a $1.10 dividend. The ex-dividend date was Thursday, August 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.2%. Diamondback Energy’s dividend payout ratio (DPR) 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.