Diamond Hill Capital Management Inc. Sells 149,487 Shares of Diamondback Energy, Inc. $FANG

Diamond Hill Capital Management Inc. reduced its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 5.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,551,566 shares of the oil and natural gas company’s stock after selling 149,487 shares during the period. Diamondback Energy comprises 2.0% of Diamond Hill Capital Management Inc.’s holdings, making the stock its 15th largest position. Diamond Hill Capital Management Inc.’s holdings in Diamondback Energy were worth $383,577,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FANG. Flagship Harbor Advisors LLC bought a new stake in Diamondback Energy during the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. raised its position 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 worth $26,000 after acquiring an additional 125 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of Diamondback Energy in the 4th quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of Diamondback Energy in the 3rd quarter valued at approximately $26,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Diamondback Energy during the third quarter valued at approximately $38,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Diamondback Energy

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

• Positive Sentiment: Zacks Research maintained a Strong-Buy rating and raised several near- to medium-term earnings estimates for Diamondback, including FY2026, Q2 2026, Q3 2026, Q4 2026 and FY2027. This suggests analysts still see solid profitability ahead. Zacks Research estimate updates
• Positive Sentiment: Bernstein reiterated an Outperform rating and lifted its price target on Diamondback, reinforcing the view that the company can benefit from ongoing oil supply concerns and favorable crude pricing. Bernstein Outperform note
• Neutral Sentiment: News flow also highlighted that WTI crude remains above $100, which supports Permian Basin producers like Diamondback Energy, but this is more of an industry tailwind than a company-specific catalyst. Oil above $100 article
• Negative Sentiment: Diamondback’s CAO, Teresa L. Dick, sold 5,000 shares at about $207 each, a modest insider sale that can weigh on sentiment even if it does not necessarily signal a change in fundamentals. SEC insider filing
• Negative Sentiment: Zacks also trimmed some longer-dated earnings forecasts, including Q1 2028, Q2 2027, Q3 2027 and FY2028, which may have contributed to a cautious tone around future growth. Zacks lower estimate updates

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock opened at $200.97 on Friday. Diamondback Energy, Inc. has a 1 year low of $132.20 and a 1 year high of $214.51. The firm’s 50-day moving average is $193.68 and its 200 day moving average is $169.68. The stock has a market cap of $56.53 billion, a price-to-earnings ratio of 233.69 and a beta of 0.46. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $3.83 billion. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. Diamondback Energy’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $4.54 EPS. Sell-side analysts anticipate that Diamondback Energy, Inc. will post 19.08 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, May 14th. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s dividend payout ratio (DPR) is presently 511.63%.

Wall Street Analyst Weigh In

FANG has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Wall Street Zen upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup upped their target price on shares of Diamondback Energy from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays increased their price target on shares of Diamondback Energy from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Sanford C. Bernstein boosted their price objective on shares of Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Five analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $219.00.

Insiders Place Their Bets

In other news, EVP Matt Zmigrosky sold 20,899 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $180.00, for a total value of $3,761,820.00. Following the completion of the transaction, the executive vice president owned 60,493 shares in the company, valued at $10,888,740. The trade was a 25.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis D. Stice sold 63,957 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $181.16, for a total value of $11,586,450.12. Following the transaction, the chairman directly owned 305,314 shares in the company, valued at approximately $55,310,684.24. The trade was a 17.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 174,321 shares of company stock worth $32,090,475 in the last three months. Corporate insiders own 0.64% of the company’s stock.

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.