Insider Selling: Diamondback Energy (NASDAQ:FANG) EVP Sells 5,000 Shares of Stock

Diamondback Energy, Inc. (NASDAQ:FANG) EVP Matt Zmigrosky sold 5,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $200.54, for a total value of $1,002,700.00. Following the completion of the transaction, the executive vice president directly owned 46,392 shares of the company’s stock, valued at approximately $9,303,451.68. This trade represents a 9.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Matt Zmigrosky also recently made the following trade(s):

• On Wednesday, May 13th, Matt Zmigrosky sold 5,000 shares of Diamondback Energy stock. The shares were sold at an average price of $200.10, for a total value of $1,000,500.00.
• On Wednesday, March 18th, Matt Zmigrosky sold 4,101 shares of Diamondback Energy stock. The shares were sold at an average price of $190.51, for a total value of $781,281.51.
• On Friday, March 13th, Matt Zmigrosky sold 20,899 shares of Diamondback Energy stock. The shares were sold at an average price of $180.00, for a total value of $3,761,820.00.

Diamondback Energy Stock Performance

Shares of FANG stock traded up $3.49 on Tuesday, hitting $202.52. The company had a trading volume of 1,818,792 shares, compared to its average volume of 2,206,683. The firm has a market cap of $56.97 billion, a P/E ratio of 231.43 and a beta of 0.42. Diamondback Energy, Inc. has a twelve month low of $134.30 and a twelve month high of $214.51. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $195.45 and a 200-day moving average price of $172.34.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 7.76% and a net margin of 1.87%.Diamondback Energy’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.54 EPS. As a group, equities research analysts predict that Diamondback Energy, Inc. will post 19.54 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

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

Key Diamondback Energy News

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

• Positive Sentiment: Zacks Research lifted earnings estimates for Diamondback Energy across multiple future periods, including Q1 2027, Q2 2027, Q3 2027, Q1 2028, and FY2028, which suggests analysts see stronger profitability ahead.
• Neutral Sentiment: Zacks Research maintained a Hold rating, so the updated forecasts are constructive but not a full bullish endorsement.
• Positive Sentiment: Recent coverage also highlighted Diamondback Energy on Jim Cramer’s radar among oil stocks, which may have added attention to the name and kept investor interest elevated. Article Title

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Barclays upped their price target on Diamondback Energy from $225.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. UBS Group upped their price target on Diamondback Energy from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Susquehanna upped their price target on Diamondback Energy from $231.00 to $245.00 and gave the stock a “positive” rating in a report on Wednesday, May 6th. Truist Financial set a $242.00 price target on Diamondback Energy in a report on Wednesday, May 6th. Finally, Freedom Capital raised Diamondback Energy to a “strong-buy” rating in a report on Tuesday, March 10th. Four equities research 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’s stock. Based on data from MarketBeat.com, Diamondback Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.26.

Institutional Investors Weigh In On Diamondback Energy

Several large investors have recently bought and sold shares of FANG. Flagship Harbor Advisors LLC purchased a new stake in Diamondback Energy during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. increased its stake in Diamondback Energy by 245.1% during 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 in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Diamondback Energy in the fourth quarter valued at approximately $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Diamondback Energy in the first quarter valued at approximately $26,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Diamondback Energy in the third quarter valued at approximately $26,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Diamondback Energy Company 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.