Diamondback Energy, Inc. $FANG Shares Sold by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co reduced its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,899 shares of the oil and natural gas company’s stock after selling 6,000 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Diamondback Energy were worth $15,318,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FANG. Cresset Asset Management LLC increased its stake in Diamondback Energy by 37.5% during the 2nd quarter. Cresset Asset Management LLC now owns 4,726 shares of the oil and natural gas company’s stock worth $649,000 after buying an additional 1,288 shares during the period. Jump Financial LLC purchased a new stake in Diamondback Energy during the 2nd quarter worth approximately $2,301,000. Cerity Partners LLC increased its stake in Diamondback Energy by 13.5% during the 2nd quarter. Cerity Partners LLC now owns 51,104 shares of the oil and natural gas company’s stock worth $7,022,000 after buying an additional 6,069 shares during the period. AXA S.A. increased its stake in Diamondback Energy by 8.5% during the 2nd quarter. AXA S.A. now owns 52,355 shares of the oil and natural gas company’s stock worth $7,194,000 after buying an additional 4,103 shares during the period. Finally, Sei Investments Co. increased its stake in Diamondback Energy by 37.1% during the 2nd quarter. Sei Investments Co. now owns 154,582 shares of the oil and natural gas company’s stock worth $21,239,000 after buying an additional 41,866 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Diamondback Energy

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

• Positive Sentiment: Q1 results beat expectations — revenue of $4.24B and EPS of $4.23 topped Street estimates, showing production and pricing strength. Shale producer Diamondback Energy beats first-quarter profit estimates
• Positive Sentiment: Management raised 2026 production guidance and is immediately boosting shale crude output to capture higher prices — this suggests higher near?term volumes and stronger cash flow. Diamondback Energy Lifts Production Guidance After Strong Q1
• Positive Sentiment: Board increased the quarterly cash dividend to $1.10 (4.8% q/q increase; ~2.1% yield), reinforcing shareholder-return focus and management confidence in cash generation. Diamondback Energy Announces First Quarter 2026 Results and Increases Dividend
• Neutral Sentiment: Analyst and media attention (Zacks, Yahoo, FinancialPost) highlight Diamondback as a leading Permian/Permian?exposed name — increased coverage can amplify moves but doesn’t guarantee direction. The Zacks Analyst Blog Highlights Diamondback Energy
• Negative Sentiment: Company took a large $1.40B impairment on oil & gas properties that pushed reported net income down to ~$25M — a significant non?cash hit that reduced headline profitability and complicates YoY EPS comparisons. Diamondback Energy Is Up 8.8% After Raising 2026 Output Guidance And Dividend

Insiders Place Their Bets

In other news, Director Charles Alvin Meloy sold 7,857 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $183.27, for a total value of $1,439,952.39. Following the completion of the transaction, the director owned 974,149 shares in the company, valued at approximately $178,532,287.23. This represents a 0.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 transaction 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. The trade was a 17.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 156,464 shares of company stock worth $28,568,431. 0.64% of the stock is currently owned by company insiders.

Diamondback Energy Trading Up 2.9%

NASDAQ FANG opened at $213.69 on Tuesday. 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, Inc. has a 52 week low of $127.75 and a 52 week high of $214.51. The stock has a market capitalization of $60.11 billion, a PE ratio of 38.09 and a beta of 0.46. The firm has a 50 day moving average of $187.42 and a two-hundred day moving average of $164.43.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $3.74 by $0.49. Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the business posted $4.54 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that Diamondback Energy, Inc. will post 18.84 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, May 14th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s dividend payout ratio (DPR) is currently 74.87%.

Analyst Ratings Changes

Several brokerages recently weighed in on FANG. The Goldman Sachs Group upped their target price on shares of Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Sanford C. Bernstein cut their target price on shares of Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Barclays reiterated an “overweight” rating and set a $225.00 price target on shares of Diamondback Energy in a report on Tuesday. Roth Mkm reiterated a “neutral” rating and set a $200.00 price target (up from $180.00) on shares of Diamondback Energy in a report on Wednesday, April 8th. Finally, TD Cowen upgraded shares of Diamondback Energy to a “strong-buy” rating in a report on Monday, February 9th. Five research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $209.71.

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.