Anchor Capital Advisors LLC Purchases 4,304 Shares of Diamondback Energy, Inc. $FANG

Anchor Capital Advisors LLC raised its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 1.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 362,385 shares of the oil and natural gas company’s stock after purchasing an additional 4,304 shares during the quarter. Diamondback Energy accounts for 1.6% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Anchor Capital Advisors LLC’s holdings in Diamondback Energy were worth $54,477,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners increased its stake in shares of Diamondback Energy by 2.9% in the third quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock valued at $821,649,000 after buying an additional 163,548 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Diamondback Energy by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 5,621,120 shares of the oil and natural gas company’s stock worth $844,073,000 after buying an additional 14,625 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Diamondback Energy by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 5,159,365 shares of the oil and natural gas company’s stock worth $775,607,000 after buying an additional 532,756 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Diamondback Energy by 38.0% during the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock worth $543,610,000 after buying an additional 1,046,398 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Diamondback Energy by 9.6% in the third quarter. Invesco Ltd. now owns 3,120,359 shares of the oil and natural gas company’s stock valued at $446,523,000 after buying an additional 274,331 shares during the period. 90.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Diamondback Energy

In related news, Chairman Travis D. Stice sold 63,957 shares of the firm’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 completion of the transaction, the chairman owned 305,314 shares of the company’s stock, valued at approximately $55,310,684.24. This trade represents a 17.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Teresa L. Dick sold 7,000 shares of Diamondback Energy stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $200.90, for a total transaction of $1,406,300.00. Following the completion of the sale, the chief accounting officer owned 85,755 shares in the company, valued at $17,228,179.50. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 186,321 shares of company stock valued at $34,499,475 in the last three months. 0.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

FANG has been the subject of a number of analyst reports. Sanford C. Bernstein lifted their price objective on Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Benchmark lowered Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Diamondback Energy in a research note on Wednesday, May 27th. Wells Fargo & Company increased their price target on shares of Diamondback Energy from $202.00 to $262.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group lifted their price target on shares of Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $223.26.

Key Diamondback Energy News

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

• Positive Sentiment: Zacks Research increased its EPS forecasts for Diamondback Energy across multiple periods, including Q1 2027, Q2 2027, Q3 2027 and FY2028, signaling improved earnings outlook. Diamondback Energy (FANG) Is On Jim Cramer’s Radar When It Comes To Oil Stocks
• Positive Sentiment: Jim Cramer highlighted Diamondback Energy as a stock on his radar among oil names, which may be adding visibility and interest from investors. Diamondback Energy (FANG) Is On Jim Cramer’s Radar When It Comes To Oil Stocks
• Neutral Sentiment: Recent analyst coverage reiterated a Hold rating while modestly lifting near- and longer-term earnings estimates, suggesting sentiment is improving but not yet strongly bullish.
• Neutral Sentiment: The company also remains in focus after multiple insider sales by executives, including EVP Matt Zmigrosky and CAO Teresa L. Dick, which can be viewed as routine profit-taking but may temper enthusiasm. SEC filing for Matt Zmigrosky sale SEC filing for Teresa L. Dick sale

Diamondback Energy Stock Up 1.7%

Diamondback Energy stock opened at $202.40 on Wednesday. The company has a 50 day moving average of $195.45 and a 200-day moving average of $172.34. 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 $134.30 and a twelve month high of $214.51. The stock has a market capitalization of $56.94 billion, a PE ratio of 235.35 and a beta of 0.42.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.54 earnings per share. On average, equities research analysts anticipate that Diamondback Energy, Inc. will post 19.54 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were issued a dividend of $1.10 per share. The ex-dividend date was Thursday, May 14th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 2.2%. Diamondback Energy’s dividend payout ratio is currently 511.63%.

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.