New York State Common Retirement Fund Acquires 5,725 Shares of Diamondback Energy, Inc. $FANG

New York State Common Retirement Fund lifted its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 1.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 428,123 shares of the oil and natural gas company’s stock after buying an additional 5,725 shares during the period. New York State Common Retirement Fund’s holdings in Diamondback Energy were worth $61,264,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Creekmur Asset Management LLC bought a new stake in Diamondback Energy during the second quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Diamondback Energy by 106.3% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 102 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Diamondback Energy during the 2nd quarter worth approximately $29,000. Salomon & Ludwin LLC bought a new stake in shares of Diamondback Energy during the 3rd quarter worth approximately $31,000. Finally, Estabrook Capital Management bought a new stake in shares of Diamondback Energy during the 2nd quarter worth approximately $41,000. Institutional investors own 90.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FANG shares. Scotiabank set a $175.00 target price on shares of Diamondback Energy in a research note on Friday, January 16th. Wells Fargo & Company upped their price objective on shares of Diamondback Energy from $169.00 to $171.00 and gave the company an “overweight” rating in a report on Tuesday. Roth Mkm set a $162.00 target price on Diamondback Energy and gave the company a “buy” rating in a research report on Tuesday, November 4th. UBS Group boosted their target price on shares of Diamondback Energy from $174.00 to $194.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Mizuho reduced their price target on Diamondback Energy from $195.00 to $194.00 and set an “outperform” rating on the stock in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.90.

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock opened at $163.07 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.60. Diamondback Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $173.01. The firm has a market capitalization of $46.70 billion, a P/E ratio of 11.33 and a beta of 0.59. The company’s 50 day moving average price is $151.80 and its two-hundred day moving average price is $146.12.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.14. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The business’s revenue for the quarter was up 48.4% compared to the same quarter last year. On average, equities analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, November 13th. Diamondback Energy’s dividend payout ratio is 27.80%.

Insider Transactions at Diamondback Energy

In other news, Director Charles Alvin Meloy sold 377,911 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $138.61, for a total transaction of $52,382,243.71. Following the completion of the transaction, the director owned 1,044,864 shares of the company’s stock, valued at approximately $144,828,599.04. This trade represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

More Diamondback Energy News

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

• Positive Sentiment: Recent intraday momentum: Zacks flagged that FANG rose despite broader market weakness, reflecting investor appetite for the name. Diamondback Energy (FANG) Increases Despite Market Slip
• Positive Sentiment: Analyst support: William Blair reiterated a Buy, citing low?cost operations, disciplined maintenance?mode capital allocation and robust free cash flow — factors that support dividend/share?repurchase capacity and investor confidence. Diamondback Energy: Low-Cost Resilience… Buy Rating
• Neutral Sentiment: Morgan Stanley cut its price target to $171 from $183 but kept an Overweight rating — a mixed signal: the firm remains constructive on FANG’s fundamentals while reflecting lower oil?price assumptions that reduce upside. Morgan Stanley Lowered Diamondback Energy Target to $171
• Neutral Sentiment: Consensus/ratings context: Coverage publications note an average analyst view of “Moderate Buy,” keeping broader market sentiment mildly positive but not uniformly bullish. Diamondback Given Average Rating of Moderate Buy
• Neutral Sentiment: Valuation & comparisons: Recent pieces assessing valuation and peer comparisons provide context but no single catalyst — useful for longer?term positioning rather than immediate price moves. Assessing Diamondback Energy’s Valuation Comparing Diamondback & Black Dragon
• Neutral Sentiment: Short interest report shows no meaningful change (data appears abnormal/zero), so there’s no clear short?squeeze or large short positioning signal at present. (Market data release.)
• Negative Sentiment: Earnings revision risk: Zacks Research trimmed its Q3 2026 EPS estimate to $2.23 from $2.38, which could pressure near?term sentiment if other forecasters follow suit or if macro drivers (oil prices) weaken. Zacks Drops Q3 EPS Estimate

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.