Legal & General Group Plc Purchases 23,724 Shares of Diamondback Energy, Inc. $FANG

Legal & General Group Plc lifted its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,099,878 shares of the oil and natural gas company’s stock after buying an additional 23,724 shares during the period. Legal & General Group Plc’s holdings in Diamondback Energy were worth $157,393,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Schroder Investment Management Group lifted its holdings in Diamondback Energy by 7.1% during the third quarter. Schroder Investment Management Group now owns 281,330 shares of the oil and natural gas company’s stock worth $40,393,000 after acquiring an additional 18,723 shares during the period. Private Advisor Group LLC grew its stake in Diamondback Energy by 12.3% in the 3rd quarter. Private Advisor Group LLC now owns 36,632 shares of the oil and natural gas company’s stock valued at $5,242,000 after purchasing an additional 4,018 shares during the period. PFG Advisors grew its stake in Diamondback Energy by 13.5% in the 3rd quarter. PFG Advisors now owns 18,309 shares of the oil and natural gas company’s stock valued at $2,620,000 after purchasing an additional 2,183 shares during the period. Parallel Advisors LLC increased its position in shares of Diamondback Energy by 2.0% during the 3rd quarter. Parallel Advisors LLC now owns 14,652 shares of the oil and natural gas company’s stock valued at $2,097,000 after purchasing an additional 291 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its position in shares of Diamondback Energy by 12.6% during the 3rd quarter. CreativeOne Wealth LLC now owns 16,932 shares of the oil and natural gas company’s stock valued at $2,423,000 after purchasing an additional 1,900 shares during the last quarter. 90.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FANG shares. Mizuho boosted their price target on shares of Diamondback Energy from $194.00 to $205.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Jefferies Financial Group restated a “hold” rating and set a $173.00 price target on shares of Diamondback Energy in a research report on Monday, January 19th. Benchmark lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Barclays lifted their price objective on shares of Diamondback Energy from $178.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Sanford C. Bernstein reduced their target price on shares of Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $191.67.

Key Headlines Impacting Diamondback Energy

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

• Positive Sentiment: Piper Sandler raised its price target to $248 and kept an “overweight” rating, signaling strong analyst conviction and providing upside support for the stock. Piper Sandler raise (Benzinga)
• Positive Sentiment: Goldman Sachs raised its price target to $212 and maintained a “buy” rating, reinforcing buy-side analyst momentum. Goldman Sachs price target raise
• Positive Sentiment: Diamondback increased its quarterly dividend to $1.05 (annualized $4.20, ~2.4% yield), which supports income-oriented investors and can help stabilize the share price. (Company filings/press release)
• Neutral Sentiment: Zacks published mixed estimate changes — trimming near-term FY2026 quarter forecasts but lifting some FY2027 estimates — creating uncertainty on near-term earnings while signaling stronger later-year expectations. Zacks research note
• Neutral Sentiment: Reported short-interest prints are effectively zero/inconsistent (days-to-cover ~0.0), likely a reporting artifact — so short-covering pressure is not a clear driver of intraday moves.
• Negative Sentiment: SGF FANG Holdings priced an underwritten secondary offering of 11,000,000 Diamondback shares (gross proceeds ~ $1.9B). Diamondback receives no proceeds; the large block increases float and has put downward pressure on the stock. Secondary offering priced (GlobeNewswire)
• Negative Sentiment: Press coverage highlighted the large shareholder sale and tied it to an intra-session pullback, reinforcing negative sentiment and headline-driven volatility. Largest shareholder share sale (Yahoo)
• Negative Sentiment: Recent insider sales (including Director Charles Meloy’s sale of 7,857 shares and earlier large executive sales) add to bearish perception when combined with the secondary offering. Investors may view these as signal of liquidity-taking by insiders. Insider sale disclosure (InsiderTrades) Executives sold into rally (MarketWatch)

Insider Transactions at Diamondback Energy

In other news, Chairman Travis D. Stice sold 63,957 shares of Diamondback Energy stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $181.16, for a total value of $11,586,450.12. Following the completion of the transaction, the chairman owned 305,314 shares in the company, valued at $55,310,684.24. This trade represents a 17.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles Alvin Meloy sold 60,605 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 982,006 shares in the company, valued at approximately $158,220,806.72. This trade represents a 5.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,168,462 shares of company stock worth $192,197,747 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Diamondback Energy Stock Up 0.2%

Shares of NASDAQ FANG opened at $177.01 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.42 and a quick ratio of 0.40. The stock has a market capitalization of $49.79 billion, a PE ratio of 31.55 and a beta of 0.59. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $186.65. The business’s fifty day moving average price is $163.53 and its 200-day moving average price is $152.16.

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

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were given a dividend of $1.05 per share. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, March 5th. Diamondback Energy’s dividend payout ratio (DPR) is 74.87%.

Diamondback Energy 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.