SCP Investment LP Purchases 4,000 Shares of Diamondback Energy, Inc. $FANG

SCP Investment LP increased its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 37.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,608 shares of the oil and natural gas company’s stock after purchasing an additional 4,000 shares during the quarter. Diamondback Energy makes up 1.8% of SCP Investment LP’s holdings, making the stock its 11th largest position. SCP Investment LP’s holdings in Diamondback Energy were worth $2,196,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FANG. Cresset Asset Management LLC raised its stake in Diamondback Energy by 37.5% in the second quarter. Cresset Asset Management LLC now owns 4,726 shares of the oil and natural gas company’s stock valued at $649,000 after buying an additional 1,288 shares during the period. Jump Financial LLC bought a new position in shares of Diamondback Energy during the 2nd quarter worth approximately $2,301,000. Cerity Partners LLC increased its holdings in shares of 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 acquiring an additional 6,069 shares during the last quarter. AXA S.A. increased its holdings in shares of 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 acquiring an additional 4,103 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Diamondback Energy by 37.1% in the 2nd quarter. Sei Investments Co. now owns 154,582 shares of the oil and natural gas company’s stock valued at $21,239,000 after acquiring an additional 41,866 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy News Summary

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

• Positive Sentiment: Zacks Research increased its EPS forecasts for Diamondback Energy across multiple periods, including Q1 2027, Q2 2027, Q3 2027 and FY2028, signaling improved earnings outlook. Diamondback Energy (FANG) Is On Jim Cramer’s Radar When It Comes To Oil Stocks
• Positive Sentiment: Jim Cramer highlighted Diamondback Energy as a stock on his radar among oil names, which may be adding visibility and interest from investors. Diamondback Energy (FANG) Is On Jim Cramer’s Radar When It Comes To Oil Stocks
• Neutral Sentiment: Recent analyst coverage reiterated a Hold rating while modestly lifting near- and longer-term earnings estimates, suggesting sentiment is improving but not yet strongly bullish.
• Neutral Sentiment: The company also remains in focus after multiple insider sales by executives, including EVP Matt Zmigrosky and CAO Teresa L. Dick, which can be viewed as routine profit-taking but may temper enthusiasm. SEC filing for Matt Zmigrosky sale SEC filing for Teresa L. Dick sale

Insider Buying and Selling

In other news, EVP Matt Zmigrosky sold 5,000 shares of the company’s stock in a transaction on 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 sale, the executive vice president owned 46,392 shares in the company, valued at $9,303,451.68. This represents a 9.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles Alvin Meloy sold 7,857 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $189.20, for a total value of $1,486,544.40. Following the sale, the director directly owned 942,721 shares of the company’s stock, valued at $178,362,813.20. The trade was a 0.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 186,321 shares of company stock worth $34,499,475 over the last ninety days. 0.64% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FANG shares. Zacks Research cut shares of Diamondback Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. TD Cowen raised shares of Diamondback Energy to a “strong-buy” rating in a research report on Monday, February 9th. The Goldman Sachs Group raised 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. Raymond James Financial reiterated a “strong-buy” rating and issued a $242.00 price target on shares of Diamondback Energy in a research note on Monday, April 27th. Finally, Morgan Stanley increased their price target on shares of Diamondback Energy from $224.00 to $229.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $223.26.

Diamondback Energy Stock Performance

Diamondback Energy stock opened at $202.40 on Wednesday. The business’s 50-day moving average price is $195.45 and its two-hundred day moving average price is $172.34. The stock has a market cap of $56.94 billion, a PE ratio of 235.35 and a beta of 0.42. Diamondback Energy, Inc. has a 12-month low of $134.30 and a 12-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.

Diamondback Energy (NASDAQ:FANG) last issued its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.74 by $0.49. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the firm earned $4.54 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts expect that Diamondback Energy, Inc. will post 19.54 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $1.10 dividend. The ex-dividend date was Thursday, May 14th. 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 yield of 2.2%. Diamondback Energy’s dividend payout ratio is presently 511.63%.

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.