12,608 Shares in Diamondback Energy, Inc. $FANG Purchased by Kentucky Farm Bureau Mutual Insurance Co

Kentucky Farm Bureau Mutual Insurance Co acquired a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) in the 2nd quarter, HoldingsChannel reports. The firm acquired 12,608 shares of the oil and natural gas company’s stock, valued at approximately $2,216,000.

A number of other hedge funds have also made changes to their positions in the company. NewEdge Wealth LLC acquired a new position in shares of Diamondback Energy during the second quarter valued at approximately $753,000. Empirical Asset Management LLC acquired a new stake in shares of Diamondback Energy in the second quarter worth approximately $375,000. Great Lakes Advisors LLC acquired a new stake in shares of Diamondback Energy in the second quarter worth approximately $321,000. Danske Bank A S purchased a new stake in shares of Diamondback Energy during the second quarter worth approximately $1,108,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Diamondback Energy during the second quarter worth approximately $419,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Activity

In other Diamondback Energy news, Director Charles Alvin Meloy sold 33,333 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $198.41, for a total value of $6,613,600.53. Following the transaction, the director directly owned 818,197 shares in the company, valued at $162,338,466.77. The trade was a 3.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Lawrence Plaumann sold 500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total transaction of $98,250.00. Following the completion of the sale, the director directly owned 13,437 shares of the company’s stock, valued at approximately $2,640,370.50. This trade represents a 3.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 129,167 shares of company stock worth $24,714,309. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wolfe Research reissued an “outperform” rating and issued a $206.00 price objective on shares of Diamondback Energy in a research note on Tuesday, August 4th. Wells Fargo & Company lifted their target price on shares of Diamondback Energy from $262.00 to $263.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $248.00 target price on shares of Diamondback Energy in a report on Friday, July 31st. Zacks Research cut shares of Diamondback Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, UBS Group decreased their price target on shares of Diamondback Energy from $246.00 to $243.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Diamondback Energy presently has an average rating of “Moderate Buy” and an average target price of $222.21.

More Diamondback Energy News

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

• Positive Sentiment: Morgan Stanley reaffirmed its Equal Weight rating but raised or maintained a $216 price target, implying modest upside from the referenced price. The target provides some support, though the neutral rating limits the bullish signal. Morgan Stanley rating report
• Positive Sentiment: Zacks Research increased its FY2028 EPS forecast to $15.37 from $14.83, suggesting potential longer-term earnings improvement. Diamondback Energy valuation and pipeline venture article
• Neutral Sentiment: Analysts continue to rate FANG Hold or Equal Weight, indicating neither a strong bullish nor bearish consensus. Diamondback’s Permian-to-Katy gas pipeline strategy and participation in the Solitude Pipeline venture could broaden its midstream exposure, but the investment benefits remain dependent on execution and future cash flows. Diamondback Permian-to-Katy gas pipeline article
• Negative Sentiment: Zacks Research cut several near- and medium-term forecasts: Q3 2026 EPS to $2.70 from $4.32, Q4 2026 to $3.11 from $4.19, FY2026 to $16.52 from $18.11, FY2027 to $14.95 from $16.42, Q4 2027 to $3.08 from $3.87, and Q1 2028 to $3.12 from $3.57. Additional reductions affected Q2 and Q3 2027 estimates. These revisions outweigh the isolated FY2028 increase and are likely pressuring the stock.

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock opened at $208.55 on Thursday. The business’s 50 day moving average price is $191.03 and its 200 day moving average price is $188.74. The company has a market cap of $58.40 billion, a price-to-earnings ratio of 40.65 and a beta of 0.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.47. Diamondback Energy, Inc. has a one year low of $134.30 and a one year high of $214.51.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.08 by $0.40. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%.The company had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the prior year, the business earned $2.38 EPS. The firm’s quarterly revenue was up 51.2% on a year-over-year basis. On average, research analysts predict that Diamondback Energy, Inc. will post 19.3 EPS for the current year.

Diamondback Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.1%. Diamondback Energy’s payout ratio is presently 85.77%.

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.