6,970 Diamondback Energy, Inc. $FANG Shares Sold by Philadelphia Trust Co.

Philadelphia Trust Co. reduced its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 10.5% during the third quarter, HoldingsChannel reports. The fund owned 59,244 shares of the oil and natural gas company’s stock after selling 6,970 shares during the period. Philadelphia Trust Co.’s holdings in Diamondback Energy were worth $10,890,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Keybank National Association OH increased its stake in Diamondback Energy by 6.8% during the 3rd quarter. Keybank National Association OH now owns 19,619 shares of the oil and natural gas company’s stock valued at $3,606,000 after purchasing an additional 1,245 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in Diamondback Energy by 2.0% in the third quarter. Cornerstone Wealth Management LLC now owns 4,021 shares of the oil and natural gas company’s stock worth $739,000 after buying an additional 80 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of Diamondback Energy by 5.1% in the third quarter. New York Life Investment Management LLC now owns 28,434 shares of the oil and natural gas company’s stock worth $5,226,000 after buying an additional 1,370 shares in the last quarter. Pinion Investment Advisors LLC bought a new position in shares of Diamondback Energy in the third quarter worth approximately $214,000. Finally, AlphaCore Capital LLC lifted its stake in shares of Diamondback Energy by 545.5% in the third quarter. AlphaCore Capital LLC now owns 12,233 shares of the oil and natural gas company’s stock worth $2,249,000 after buying an additional 10,338 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FANG has been the subject of several analyst reports. Roth Capital raised their price target on shares of Diamondback Energy from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Scotiabank began coverage on shares of Diamondback Energy in a report on Wednesday, October 14th. They issued a “sector outperform” rating and a $250.00 price objective for the company. Morgan Stanley upped their price objective on Diamondback Energy from $216.00 to $222.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Zacks Research upgraded Diamondback Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $240.00 target price (up from $221.00) on shares of Diamondback Energy in a report on Wednesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $228.29.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $178.08 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 0.55. The firm has a market cap of $49.71 billion, a price-to-earnings ratio of 9.73 and a beta of 0.49. The business has a 50-day simple moving average of $194.88 and a two-hundred day simple moving average of $190.21. Diamondback Energy, Inc. has a fifty-two week low of $139.41 and a fifty-two week high of $216.90.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.72 by $0.14. Diamondback Energy had a net margin of 11.03% and a return on equity of 11.86%. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the firm posted $3.08 EPS. The business’s quarterly revenue was up 38.4% compared to the same quarter last year. On average, analysts expect that Diamondback Energy, Inc. will post 22.57 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be issued a $1.18 dividend. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.10. This represents a $4.72 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, November 12th. Diamondback Energy’s dividend payout ratio is 60.19%.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Charles Meloy sold 33,333 shares of Diamondback Energy stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $183.74, for a total value of $6,124,605.42. Following the completion of the sale, the director owned 759,864 shares of the company’s stock, valued at approximately $139,617,411.36. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis Stice sold 75,000 shares of Diamondback Energy stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the completion of the sale, the director directly owned 49,727 shares of the company’s stock, valued at approximately $10,159,723.37. This trade represents a 60.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.64% of the company’s stock.

More Diamondback Energy News

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

• Positive Sentiment: Diamondback and KKR agreed to acquire Five Point Infrastructure’s 70% stake in Deep Blue Midland Basin, which serves the Midland Basin with produced-water infrastructure. Alongside Diamondback’s existing 30% interest, the deal will give the partners full ownership. Greater control of water handling and recycling infrastructure could support operating efficiency and continued investment in the Permian. Article
• Positive Sentiment: Diamondback raised its quarterly base dividend 7.3% to $1.18 per share. The increase, following strong third-quarter revenue and free cash flow, signals confidence in shareholder returns. Article
• Positive Sentiment: A Zacks article cited Diamondback among companies with recent broker-rating upgrades and projected 2026 earnings growth, adding an analyst-related positive to the news flow. Article
• Neutral Sentiment: The company is exploring potential revenue opportunities from rising AI data-center power demand and LNG markets, using its Permian assets and natural-gas resources. These are prospective opportunities, not announced contracts or near-term revenue. Article
• Negative Sentiment: The Deep Blue acquisition involves cash consideration, but the purchase price and Diamondback’s specific funding commitment were not provided in the available reports. That uncertainty makes the deal’s near-term effect on cash flow difficult to assess. Article

About Diamondback Energy

Diamondback Energy is an independent oil and natural gas company focused on the development and production of energy resources in the Permian Basin, primarily in West Texas and southeastern New Mexico. Its operations include exploration, drilling and production. The company produces crude oil, natural gas and natural gas liquids. Its activities are concentrated in the Midland and Delaware Basin regions, where it develops oil and gas properties and related reserves. Founded in 2007 and headquartered in Midland, Texas, Diamondback has expanded its Permian Basin operations over time, including through acquisitions.