Pitcairn Co. Has $611,000 Stake in Diamondback Energy, Inc. $FANG

Pitcairn Co. reduced its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 40.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,266 shares of the oil and natural gas company’s stock after selling 2,939 shares during the period. Pitcairn Co.’s holdings in Diamondback Energy were worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Sigma Planning Corp lifted its position in shares of Diamondback Energy by 2.6% during the 2nd quarter. Sigma Planning Corp now owns 4,671 shares of the oil and natural gas company’s stock valued at $642,000 after acquiring an additional 118 shares during the period. Resona Asset Management Co. Ltd. increased its position in shares of Diamondback Energy by 9.1% in the second quarter. Resona Asset Management Co. Ltd. now owns 62,939 shares of the oil and natural gas company’s stock worth $8,671,000 after purchasing an additional 5,275 shares during the period. Savant Capital LLC raised its stake in Diamondback Energy by 78.3% in the second quarter. Savant Capital LLC now owns 15,178 shares of the oil and natural gas company’s stock valued at $2,086,000 after purchasing an additional 6,665 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new stake in Diamondback Energy during the second quarter worth about $1,113,000. Finally, Wedbush Securities Inc. lifted its position in Diamondback Energy by 32.8% during the second quarter. Wedbush Securities Inc. now owns 3,587 shares of the oil and natural gas company’s stock worth $493,000 after purchasing an additional 885 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Buying and Selling

In other news, Director Charles Alvin Meloy sold 60,605 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $161.12, for a total transaction of $9,764,677.60. Following the completion of the transaction, the director directly owned 982,006 shares in the company, valued at approximately $158,220,806.72. This represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $162.88, for a total value of $162,880,000.00. Following the completion of the transaction, the insider owned 98,686,727 shares of the company’s stock, valued at $16,074,094,093.76. The trade was a 1.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.70% of the company’s stock.

Key Stories Impacting Diamondback Energy

Here are the key news stories impacting Diamondback Energy this week:

• Positive Sentiment: Piper Sandler kept an “overweight” rating on FANG and trimmed its price target only slightly (from $218 to $215), signalling continued conviction in upside. Piper Sandler price target note
• Positive Sentiment: UBS raised its price target substantially (to $216) and maintained a “buy” rating, providing another bullish analyst signal that supports further upside. UBS price target raise
• Positive Sentiment: TD Cowen reiterated a Buy rating with a $195 target, citing disciplined growth, expanding inventory and low breakevens — supportive fundamentals for investors focusing on cash returns and resilience. TD Cowen buy rating
• Positive Sentiment: Market write-ups highlight FANG as one of the energy stocks leading this year’s rally (LNG/export tailwinds and shareholder-friendly cost structures cited), which may attract momentum buyers. Benzinga rally piece
• Positive Sentiment: Zacks highlights FANG among names to watch as WTI moves above $75, indicating commodity-driven upside potential for upstream producers. Zacks oil price note
• Neutral Sentiment: A short-interest report in the feed appears unreliable (shows zero shares / NaN change), so there’s no clear evidence of a new short squeeze or mounting short pressure to impact the stock today.
• Negative Sentiment: Benchmark Co. downgraded Diamondback from “buy” to “hold,” removing one bullish endorsement and likely contributing to investor caution despite other positive notes. Benchmark downgrade
• Negative Sentiment: Coverage pieces (Barron’s) note that some energy names are being downgraded even as oil rallies, a theme that can cap multiple-stock rallies and temper enthusiasm for big rerating moves. Barron’s sector downgrade piece

Diamondback Energy Stock Performance

Diamondback Energy stock opened at $180.54 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.32. The stock has a market cap of $50.93 billion, a PE ratio of 32.18 and a beta of 0.59. Diamondback Energy, Inc. has a 12-month low of $114.00 and a 12-month high of $183.36. The business’s 50-day moving average price is $161.25 and its two-hundred day moving average price is $151.16.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.41 billion. Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The firm’s revenue was down 9.0% compared to the same quarter last year. During the same period last year, the company posted $3.67 EPS. As a group, analysts expect that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, March 5th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. Diamondback Energy’s payout ratio is currently 74.87%.

Analyst Ratings Changes

FANG has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Diamondback Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. UBS Group upped their price target on shares of Diamondback Energy from $194.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday. Sanford C. Bernstein reduced their price target on shares of Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Roth Mkm reissued a “buy” rating and issued a $180.00 price objective on shares of Diamondback Energy in a research note on Tuesday, February 24th. Finally, Susquehanna boosted their price objective on shares of Diamondback Energy from $182.00 to $199.00 and gave the company a “positive” rating in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Diamondback Energy presently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Diamondback Energy Company Profile

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.