Guinness Asset Management LTD Acquires 5,816 Shares of Diamondback Energy, Inc. $FANG

Guinness Asset Management LTD lifted its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,132 shares of the oil and natural gas company’s stock after buying an additional 5,816 shares during the period. Guinness Asset Management LTD’s holdings in Diamondback Energy were worth $8,042,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Diamondback Energy in the 4th quarter worth about $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of Diamondback Energy in the 4th quarter worth about $26,000. Richardson Financial Services Inc. increased its holdings 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 buying an additional 125 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Diamondback Energy in the 3rd quarter worth about $26,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Diamondback Energy in the 4th quarter worth about $31,000. 90.01% of the stock is currently owned by institutional investors.

Diamondback Energy News Summary

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

• Positive Sentiment: Oil prices remain elevated, which is helping Permian Basin producers like Diamondback Energy. One article noted that higher WTI and more gas production per barrel could be a tailwind for FANG’s revenue and cash flow. Article link
• Positive Sentiment: Broader energy coverage also highlighted Diamondback as a beneficiary if oil supply stays tight, with commentary suggesting U.S. energy stocks could continue to outperform as global reserves are drawn down. Article link
• Neutral Sentiment: Diamondback’s recent earnings beat and dividend increase continue to support the stock’s fundamental case, but these were already known from the company’s latest quarterly report and are not new catalysts.
• Negative Sentiment: Diamondback CAO Teresa L. Dick sold 5,000 shares at $207 each, which can weigh on investor sentiment because insider selling is often viewed cautiously. SEC Form 4 filing
• Negative Sentiment: Zacks Research trimmed several near- and medium-term earnings estimates for FANG, including Q2 2027, Q3 2027, Q1 2028 and FY2028, signaling somewhat softer expectations even though the firm kept a Strong-Buy rating. Zacks analyst note

Insider Buying and Selling

In other Diamondback Energy news, Director Steven E. West sold 6,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $188.35, for a total value of $1,130,100.00. Following the completion of the sale, the director directly owned 4,484 shares of the company’s stock, valued at $844,561.40. The trade was a 57.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matt Zmigrosky sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $200.10, for a total transaction of $1,000,500.00. Following the completion of the sale, the executive vice president directly owned 51,392 shares of the company’s stock, valued at approximately $10,283,539.20. This trade represents a 8.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 174,321 shares of company stock worth $32,090,475 over the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FANG. TD Cowen upgraded shares of Diamondback Energy to a “strong-buy” rating in a report on Monday, February 9th. Raymond James Financial restated a “strong-buy” rating and issued a $242.00 target price on shares of Diamondback Energy in a report on Monday, April 27th. Piper Sandler boosted their target price on shares of Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Citigroup boosted their target price on shares of Diamondback Energy from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Roth Mkm reiterated a “neutral” rating and set a $205.00 price target on shares of Diamondback Energy in a report on Tuesday, May 5th. Five investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $221.84.

Diamondback Energy Price Performance

Diamondback Energy stock opened at $200.71 on Friday. The stock has a market cap of $56.46 billion, a price-to-earnings ratio of 233.39 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, Inc. has a 1 year low of $133.75 and a 1 year high of $214.51. The firm has a 50-day moving average of $194.16 and a two-hundred day moving average of $169.89.

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 (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.49. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.54 EPS. On average, research analysts forecast that Diamondback Energy, Inc. will post 19.08 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were given a $1.10 dividend. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.2%. Diamondback Energy’s dividend payout ratio is presently 511.63%.

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.