TruWealth Advisors LLC Has $19.52 Million Stake in Diamondback Energy, Inc. $FANG

TruWealth Advisors LLC lowered its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 20.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 129,820 shares of the oil and natural gas company’s stock after selling 32,586 shares during the quarter. TruWealth Advisors LLC’s holdings in Diamondback Energy were worth $19,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FANG. Park Avenue Securities LLC grew its holdings in Diamondback Energy by 11.0% during the fourth quarter. Park Avenue Securities LLC now owns 4,741 shares of the oil and natural gas company’s stock worth $713,000 after purchasing an additional 468 shares during the period. Miller Global Investments LLC acquired a new stake in shares of Diamondback Energy in the fourth quarter valued at approximately $561,000. GAMMA Investing LLC lifted its position in shares of Diamondback Energy by 11.3% in the fourth quarter. GAMMA Investing LLC now owns 6,395 shares of the oil and natural gas company’s stock valued at $961,000 after buying an additional 647 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Diamondback Energy by 8.8% during the 3rd quarter. Allworth Financial LP now owns 2,159 shares of the oil and natural gas company’s stock worth $309,000 after acquiring an additional 174 shares during the period. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Diamondback Energy during the 3rd quarter worth approximately $38,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy News Roundup

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

• Positive Sentiment: Broad analyst endorsement — 26 covering analysts have an average “Buy” rating on FANG, reinforcing institutional confidence and helping momentum. Article Title
• Positive Sentiment: Analyst upgrades / 52‑week high — Recent upgrades pushed FANG to a new 52‑week high, attracting momentum traders and supporting the rally. Article Title
• Positive Sentiment: Dividend increase — The company raised its quarterly payout (now $1.05 per share), improving yield and income appeal for dividend-focused investors.
• Neutral Sentiment: Short‑interest data appears anomalous — Reported short interest showed zero in the recent snapshot (likely a data/reporting issue), so there’s no clear short‑squeeze signal from the published figures.
• Neutral Sentiment: Market coverage roundup — Aggregators highlighted insider selling among several names including FANG; such write‑ups are informational and don’t by themselves prove negative intent. Article Title
• Negative Sentiment: Multiple material insider sales this week — Several executives/directors sold shares (EVP Matt Zmigrosky, CAO Teresa L. Dick, Director Steven E. West), with Zmigrosky’s recent transactions disclosed in SEC filings; clustered insider selling can weigh on sentiment even when attributed to diversification or tax planning. Article Title
• Negative Sentiment: Recent earnings miss — FANG’s latest quarter missed EPS and revenue estimates, which remains a fundamental caution point for some investors despite the subsequent analyst optimism. Article Title

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FANG shares. Piper Sandler increased their price target on Diamondback Energy from $215.00 to $248.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. TD Cowen raised shares of Diamondback Energy to a “strong-buy” rating in a research report on Monday, February 9th. UBS Group increased their price objective on shares of Diamondback Energy from $194.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Morgan Stanley cut their target price on shares of Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Diamondback Energy from $171.00 to $202.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Diamondback Energy currently has an average rating of “Buy” and a consensus price target of $195.43.

Diamondback Energy Trading Up 1.2%

FANG stock opened at $192.54 on Friday. Diamondback Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $194.68. The company has a market capitalization of $54.16 billion, a PE ratio of 34.32 and a beta of 0.59. The company’s 50-day simple moving average is $168.44 and its 200 day simple moving average is $153.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.42.

Diamondback Energy (NASDAQ:FANG) last issued 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). The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.41 billion. Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.Diamondback Energy’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.67 EPS. As a group, sell-side analysts anticipate that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were given a $1.05 dividend. The ex-dividend date was Thursday, March 5th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.2%. Diamondback Energy’s dividend payout ratio (DPR) is presently 74.87%.

Insider Buying and Selling at Diamondback Energy

In other news, CAO Teresa L. Dick sold 5,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $190.00, for a total transaction of $950,000.00. Following the sale, the chief accounting officer directly owned 107,755 shares of the company’s stock, valued at approximately $20,473,450. This represents a 4.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven E. West sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total value of $1,130,100.00. Following the completion of the transaction, the director owned 4,484 shares in the company, valued at $844,561.40. The trade was a 57.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,209,212 shares of company stock valued at $199,689,401 over the last ninety days. 0.70% of the stock is owned by corporate insiders.

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.