Diamondback Energy (NASDAQ:FANG) EVP Matt Zmigrosky Sells 20,899 Shares

Diamondback Energy, Inc. (NASDAQ:FANG) EVP Matt Zmigrosky sold 20,899 shares of Diamondback Energy stock in a transaction on Friday, March 13th. The shares were sold at an average price of $180.00, for a total transaction of $3,761,820.00. Following the completion of the sale, the executive vice president directly owned 60,493 shares of the company’s stock, valued at approximately $10,888,740. This trade represents a 25.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Diamondback Energy Stock Up 2.7%

Diamondback Energy stock traded up $4.89 during midday trading on Tuesday, reaching $187.22. The stock had a trading volume of 2,623,543 shares, compared to its average volume of 2,773,978. The company has a fifty day moving average price of $164.84 and a two-hundred day moving average price of $152.75. Diamondback Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $188.73. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $52.66 billion, a P/E ratio of 33.37 and a beta of 0.59.

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

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 5th. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 2.2%. Diamondback Energy’s payout ratio is presently 74.87%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its position in shares of Diamondback Energy by 35.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 493,958 shares of the oil and natural gas company’s stock valued at $74,257,000 after acquiring an additional 129,603 shares in the last quarter. Meadowbrook Advisors Group LLC purchased a new position in shares of Diamondback Energy in the fourth quarter worth $377,000. Corient Private Wealth LLC lifted its holdings in shares of Diamondback Energy by 5.5% during the fourth quarter. Corient Private Wealth LLC now owns 38,871 shares of the oil and natural gas company’s stock valued at $5,844,000 after purchasing an additional 2,036 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Diamondback Energy by 16.3% during the fourth quarter. Hsbc Holdings PLC now owns 338,577 shares of the oil and natural gas company’s stock valued at $50,890,000 after buying an additional 47,450 shares during the last quarter. Finally, Tulsa Wealth Advisors INC bought a new stake in Diamondback Energy in the 4th quarter worth about $973,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Key Headlines Impacting Diamondback Energy

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

• Positive Sentiment: Raymond James raised its price target to $240 and set a “strong‑buy” rating, signaling substantial upside vs. recent levels; coverage was reported across financial sites. Diamondback Energy (FANG) PT Raised to $240 at Raymond James
• Positive Sentiment: Mizuho boosted its target to $220 and moved to “outperform,” adding another stamp of analyst confidence and supporting buying interest. Benzinga
• Positive Sentiment: Wells Fargo increased its target to $202 with an “overweight” call, and Barclays nudged its target to $190 with an “overweight” — a cluster of upgrades that reinforces momentum across broker coverage. Benzinga
• Positive Sentiment: Goldman Sachs published a note highlighting top energy picks and dividend/price upside amid recent Middle East developments; rising oil-price expectations are a tailwind for E&P names like Diamondback. Goldman Sachs Top Energy Picks Have Double-Digit Upside and Pay Big Dividends
• Neutral Sentiment: Bank of America commentary noted ConocoPhillips and EOG have outperformed on liquidity and oil leverage metrics — useful context for sector flows but not specific to FANG fundamentals. ConocoPhillips and EOG Have Outperformed on Relative Liquidity, Oil Leverage, BofA Says

Analyst Ratings Changes

Several equities analysts have recently issued reports on FANG shares. Mizuho upped their target price on Diamondback Energy from $205.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Diamondback Energy in a research report on Monday, December 29th. Raymond James Financial upped their target price on shares of Diamondback Energy from $210.00 to $240.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on shares of Diamondback Energy from $171.00 to $202.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Morgan Stanley decreased their target price on shares of Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $195.43.

About Diamondback Energy

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.