Thrivent Financial for Lutherans Has $6.95 Million Stake in Diamondback Energy, Inc. $FANG

Thrivent Financial for Lutherans raised its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 16.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,247 shares of the oil and natural gas company’s stock after purchasing an additional 6,481 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Diamondback Energy were worth $6,954,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FANG. Flagship Harbor Advisors LLC acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at about $25,000. Richardson Financial Services Inc. raised its stake in shares of Diamondback Energy by 245.1% in the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in shares of Diamondback Energy in the 4th quarter valued at about $26,000. JPL Wealth Management LLC acquired a new stake in shares of Diamondback Energy in the 3rd quarter valued at about $26,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Diamondback Energy in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Activity at Diamondback Energy

In other news, CAO Teresa L. Dick sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 107,755 shares in the company, valued at $20,473,450. The trade was a 4.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Matt Zmigrosky sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $200.10, for a total value of $1,000,500.00. Following the sale, the executive vice president owned 51,392 shares of the company’s stock, valued at approximately $10,283,539.20. This represents a 8.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 169,321 shares of company stock valued at $31,055,475. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FANG shares. Citigroup raised their price objective on Diamondback Energy from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday. Sanford C. Bernstein raised their price objective on Diamondback Energy from $237.00 to $241.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Raymond James Financial restated a “strong-buy” rating and issued a $242.00 price objective on shares of Diamondback Energy in a report on Monday, April 27th. Truist Financial set a $242.00 price target on Diamondback Energy in a report on Wednesday, May 6th. Finally, Susquehanna boosted their price target on Diamondback Energy from $231.00 to $245.00 and gave the stock a “positive” rating in a research report on Wednesday, May 6th. Five analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Diamondback Energy has an average rating of “Buy” and a consensus target price of $219.00.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Zacks Research raised earnings estimates for Diamondback Energy for Q2, Q3, Q4 2026 and FY2027, and kept a Strong-Buy rating, signaling confidence in the company’s profit outlook. Diamondback Energy earnings estimate updates
• Positive Sentiment: Bernstein reiterated an Outperform rating and raised its price target to $241, suggesting Wall Street still sees upside if oil supply concerns keep crude prices firm. Bernstein reiterates outperform on Diamondback Energy
• Positive Sentiment: Multiple articles highlighted that WTI crude remains above $100 and that Permian producers like Diamondback may benefit from strong commodity pricing and efficiency gains, which supports upstream earnings expectations. Oil remains above 100 Permian stocks article
• Positive Sentiment: Diamondback announced a planned leadership transition with board backing, which can reduce uncertainty if investors view it as orderly and strategic. Leadership transition announcement
• Neutral Sentiment: Brokerage-summary articles repeatedly cited Diamondback as a low-beta energy name and one that screens well for steadier portfolios, but these pieces were largely general commentary rather than new company-specific catalysts.
• Neutral Sentiment: A MarketWatch note said Diamondback outperformed peers despite losses in the broader session, indicating relative resilience rather than a new fundamental catalyst. MarketWatch stock outperforms competitors

Diamondback Energy Price Performance

Shares of NASDAQ FANG opened at $204.33 on Thursday. The business’s 50 day moving average price is $193.23 and its two-hundred day moving average price is $169.27. The company has a market cap of $57.48 billion, a PE ratio of 237.60 and a beta of 0.46. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a twelve month low of $132.20 and a twelve month high of $214.51.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.74 by $0.49. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.54 earnings per share. On average, analysts predict that Diamondback Energy, Inc. will post 18.93 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th will be issued a dividend of $1.10 per share. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, May 14th. Diamondback Energy’s dividend payout ratio is presently 511.63%.

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.