Pitcairn Co. Sells 2,939 Shares of Diamondback Energy, Inc. $FANG

Pitcairn Co. lowered its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 40.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,266 shares of the oil and natural gas company’s stock after selling 2,939 shares during the quarter. Pitcairn Co.’s holdings in Diamondback Energy were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. boosted its position in Diamondback Energy by 106.3% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company’s stock worth $28,000 after buying an additional 102 shares during the period. Salomon & Ludwin LLC acquired a new position in Diamondback Energy in the 3rd quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in Diamondback Energy in the 2nd quarter valued at approximately $29,000. Estabrook Capital Management bought a new position in shares of Diamondback Energy during the second quarter valued at $41,000. Finally, City Holding Co. bought a new position in shares of Diamondback Energy during the third quarter valued at $43,000. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy News Roundup

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

• Positive Sentiment: Piper Sandler kept an “overweight” rating on FANG and trimmed its price target only slightly (from $218 to $215), signalling continued conviction in upside. Piper Sandler price target note
• Positive Sentiment: UBS raised its price target substantially (to $216) and maintained a “buy” rating, providing another bullish analyst signal that supports further upside. UBS price target raise
• Positive Sentiment: TD Cowen reiterated a Buy rating with a $195 target, citing disciplined growth, expanding inventory and low breakevens — supportive fundamentals for investors focusing on cash returns and resilience. TD Cowen buy rating
• Positive Sentiment: Market write-ups highlight FANG as one of the energy stocks leading this year’s rally (LNG/export tailwinds and shareholder-friendly cost structures cited), which may attract momentum buyers. Benzinga rally piece
• Positive Sentiment: Zacks highlights FANG among names to watch as WTI moves above $75, indicating commodity-driven upside potential for upstream producers. Zacks oil price note
• Neutral Sentiment: A short-interest report in the feed appears unreliable (shows zero shares / NaN change), so there’s no clear evidence of a new short squeeze or mounting short pressure to impact the stock today.
• Negative Sentiment: Benchmark Co. downgraded Diamondback from “buy” to “hold,” removing one bullish endorsement and likely contributing to investor caution despite other positive notes. Benchmark downgrade
• Negative Sentiment: Coverage pieces (Barron’s) note that some energy names are being downgraded even as oil rallies, a theme that can cap multiple-stock rallies and temper enthusiasm for big rerating moves. Barron’s sector downgrade piece

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $173.00 price objective on shares of Diamondback Energy in a research note on Monday, January 19th. Wells Fargo & Company lifted their target price on Diamondback Energy from $169.00 to $171.00 and gave the stock an “overweight” rating in a report on Tuesday, January 27th. Citigroup reduced their price target on Diamondback Energy from $180.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Benchmark cut Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Morgan Stanley lowered their price objective on Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $189.00.

Diamondback Energy Trading Up 0.8%

FANG opened at $180.54 on Friday. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $183.36. The company has a fifty day moving average of $161.25 and a 200-day moving average of $151.16. The stock has a market cap of $50.93 billion, a PE ratio of 32.18 and a beta of 0.59. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.32.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.26). The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.41 billion. Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. Diamondback Energy’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.67 EPS. On average, sell-side analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. Diamondback Energy’s dividend payout ratio (DPR) is presently 74.87%.

Insider Transactions at Diamondback Energy

In related news, Director Charles Alvin Meloy sold 60,605 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $161.12, for a total transaction of $9,764,677.60. Following the sale, the director owned 982,006 shares in the company, valued at $158,220,806.72. This represents a 5.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $162.88, for a total value of $162,880,000.00. Following the sale, the insider directly owned 98,686,727 shares of the company’s stock, valued at $16,074,094,093.76. This represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is owned by insiders.

About Diamondback Energy

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.