Diamondback Energy, Inc. $FANG Stock: Profund Advisors LLC Decreases Position

Posted by Geri Gentry on Nov 1st, 2026

Profund Advisors LLC lessened its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) by 11.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,330 shares of the oil and natural gas company’s stock after selling 3,313 shares during the period. Profund Advisors LLC’s holdings in Diamondback Energy were worth $4,840,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Cedar Mountain Advisors LLC purchased a new position in Diamondback Energy in the first quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Diamondback Energy during the 2nd quarter worth approximately $28,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Diamondback Energy during the 3rd quarter worth approximately $32,000. Burkett Financial Services LLC purchased a new stake in shares of Diamondback Energy during the 3rd quarter worth approximately $32,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Diamondback Energy in the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Trading Up 2.7%

Shares of FANG stock opened at $212.08 on Friday. The company has a market capitalization of $59.39 billion, a price-to-earnings ratio of 41.34 and a beta of 0.55. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $197.38 and a 200 day moving average price of $189.06. Diamondback Energy, Inc. has a twelve month low of $137.03 and a twelve month high of $216.90.

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 business had revenue of $5.56 billion during 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%. The company’s revenue was up 51.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.38 earnings per share. Research analysts forecast that Diamondback Energy, Inc. will post 21.49 earnings per share for the current fiscal year.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Charles Meloy sold 33,333 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $183.74, for a total transaction of $6,124,605.42. Following the transaction, the director owned 759,864 shares of the company’s stock, valued at $139,617,411.36. This represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis D. Stice sold 75,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $204.31, for a total value of $15,323,250.00. Following the completion of the sale, the director directly owned 49,727 shares in the company, valued at approximately $10,159,723.37. The trade was a 60.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 141,666 shares of company stock valued at $28,061,456 over the last ninety days. 0.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FANG shares. Morgan Stanley raised their price objective on Diamondback Energy from $216.00 to $222.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $240.00 price objective (up from $221.00) on shares of Diamondback Energy in a report on Wednesday, September 2nd. The Goldman Sachs Group decreased their target price on Diamondback Energy from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. Weiss Ratings raised Diamondback Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Finally, Scotiabank initiated coverage on Diamondback Energy in a research report on Wednesday, October 14th. They issued a “sector outperform” rating and a $250.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $228.43.

Get Our Latest Stock Report on Diamondback Energy

About Diamondback Energy

(Free Report)

Diamondback Energy, Inc is an independent oil and natural gas company engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. The company’s operations are concentrated in the Permian Basin of West Texas and southeastern New Mexico, particularly the Midland and Delaware Basins.

Diamondback produces crude oil, natural gas and natural gas liquids from horizontal wells and related infrastructure. Its activities include drilling and completing wells, operating gathering and processing assets, and managing midstream services that support production.