Diamondback Energy, Inc. $FANG Shares Sold by Smead Capital Management Inc.

Smead Capital Management Inc. lowered its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,227,772 shares of the oil and natural gas company’s stock after selling 84,641 shares during the quarter. Diamondback Energy accounts for about 3.8% of Smead Capital Management Inc.’s holdings, making the stock its 10th biggest position. Smead Capital Management Inc.’s holdings in Diamondback Energy were worth $184,571,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Research Global Investors raised its holdings in Diamondback Energy by 38.0% during the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock worth $543,610,000 after purchasing an additional 1,046,398 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Diamondback Energy by 2,637.8% during the third quarter. Balyasny Asset Management L.P. now owns 456,686 shares of the oil and natural gas company’s stock worth $65,352,000 after purchasing an additional 440,005 shares during the last quarter. Two Sigma Investments LP raised its holdings in Diamondback Energy by 1,127.8% during the third quarter. Two Sigma Investments LP now owns 369,568 shares of the oil and natural gas company’s stock worth $52,885,000 after purchasing an additional 339,468 shares during the last quarter. Ninepoint Partners LP acquired a new position in Diamondback Energy during the third quarter worth $45,076,000. Finally, American Century Companies Inc. raised its holdings in Diamondback Energy by 28.7% during the third quarter. American Century Companies Inc. now owns 1,268,740 shares of the oil and natural gas company’s stock worth $181,557,000 after purchasing an additional 282,896 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Key Stories Impacting Diamondback Energy

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

Insiders Place Their Bets

In other news, CFO Jere W. Thompson III sold 750 shares of Diamondback Energy stock in a transaction on Monday, March 16th. The stock was sold at an average price of $182.47, for a total value of $136,852.50. Following the completion of the sale, the chief financial officer owned 19,975 shares of the company’s stock, valued at $3,644,838.25. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matt Zmigrosky sold 5,000 shares of Diamondback Energy stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $200.10, for a total value 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 represents a 8.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 174,321 shares of company stock valued at $32,090,475. 0.64% of the stock is currently owned by company insiders.

Diamondback Energy Stock Performance

Diamondback Energy stock opened at $200.71 on Friday. The company has a market capitalization 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 quick ratio of 0.55 and a current ratio of 0.56. Diamondback Energy, Inc. has a fifty-two week low of $133.75 and a fifty-two week high of $214.51. The stock has a fifty day moving average of $194.16 and a two-hundred day moving average of $169.89.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.54 earnings per share. On average, analysts anticipate that Diamondback Energy, Inc. will post 19.49 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FANG shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $242.00 price objective on shares of Diamondback Energy in a report on Monday, April 27th. Roth Mkm reaffirmed a “neutral” rating and set a $205.00 price objective on shares of Diamondback Energy in a report on Tuesday, May 5th. The Goldman Sachs Group lifted their price objective on Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. TD Cowen raised Diamondback Energy to a “strong-buy” rating in a report on Monday, February 9th. Finally, Mizuho lifted their price objective on Diamondback Energy from $205.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Five equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $221.84.

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.