Diamondback Energy, Inc. $FANG Shares Sold by Southern Financial Group LLC

Southern Financial Group LLC lessened its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 12.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,291 shares of the oil and natural gas company’s stock after selling 2,971 shares during the quarter. Diamondback Energy accounts for about 1.0% of Southern Financial Group LLC’s investment portfolio, making the stock its 8th biggest holding. Southern Financial Group LLC’s holdings in Diamondback Energy were worth $3,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Diamondback Energy during the 2nd quarter worth about $3,303,362,000. Bank of New York Mellon Corp acquired a new position in Diamondback Energy during the second quarter worth $852,791,000. Wellington Management Group LLP boosted its stake in shares of Diamondback Energy by 31.3% during the 2nd quarter. Wellington Management Group LLP now owns 16,420,247 shares of the oil and natural gas company’s stock worth $2,886,351,000 after buying an additional 3,918,943 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Diamondback Energy in the second quarter valued at about $268,855,000. Finally, Legal & General Group Plc acquired a new stake in shares of Diamondback Energy in the 2nd quarter valued at approximately $176,828,000. 90.01% of the stock is owned by institutional investors.

Diamondback Energy Stock Down 4.9%

Shares of FANG opened at $182.88 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.55 and a quick ratio of 0.45. Diamondback Energy, Inc. has a one year low of $137.03 and a one year high of $216.90. The company has a market cap of $51.21 billion, a P/E ratio of 25.02 and a beta of 0.49. The firm has a 50 day simple moving average of $196.55 and a two-hundred day simple moving average of $189.66.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 earnings per share for the quarter, beating analysts’ consensus estimates of $5.72 by $0.14. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $4.60 billion. Diamondback Energy had a net margin of 11.03% and a return on equity of 11.86%. The firm’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same period last year, the company posted $3.08 EPS. Research analysts forecast that Diamondback Energy, Inc. will post 21.51 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be paid a $1.18 dividend. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.10. This represents a $4.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 12th. Diamondback Energy’s payout ratio is presently 85.77%.

Wall Street Analyst Weigh In

FANG has been the subject of several recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $240.00 target price (up from $221.00) on shares of Diamondback Energy in a research note on Wednesday, September 2nd. Weiss Ratings upgraded shares of Diamondback Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 19th. Truist Financial raised their price objective on shares of Diamondback Energy from $224.00 to $232.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus set a $259.00 target price on Diamondback Energy in a research note on Tuesday. Finally, Stephens reissued an “outperform” rating on shares of Diamondback Energy in a research report on Tuesday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.29.

Diamondback Energy News Roundup

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

• Positive Sentiment: Q3 results beat expectations. Diamondback reported earnings of $5.86 per share versus the $5.72 consensus and revenue of $5.43 billion versus $4.60 billion expected. Higher production and realized oil prices supported results and cash generation. Article: Diamondback Q3 Earnings Beat on Higher Oil Prices and Production
• Positive Sentiment: Raised outlook and disciplined growth plans. Management lifted its 2026 production outlook while emphasizing spending discipline, Barnett development and improved well economics. These plans could support future output and returns without a major increase in reinvestment. Article: FANG Q3 Earnings Call Highlights Capital Discipline and Permian Growth
• Positive Sentiment: Dividend increased 7.3%. The quarterly dividend rose from $1.10 to $1.18 per share, signaling confidence in cash generation and adding to shareholder returns. Article: Diamondback Energy Raises Dividend and 2026 Oil Production Outlook
• Positive Sentiment: Some analysts raised price targets. UBS lifted its target to $260 and Truist raised its target to $232; both maintained Buy ratings.
• Negative Sentiment: Wells Fargo lowered its target from $263 to $244, though it kept an Overweight rating. This more cautious valuation view may have weighed against the otherwise upbeat updates.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, Director Charles Meloy sold 33,333 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $183.74, for a total transaction of $6,124,605.42. Following the completion of the transaction, the director owned 759,864 shares in the company, valued at approximately $139,617,411.36. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis Stice sold 75,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the sale, the director owned 49,727 shares of the company’s stock, valued at approximately $10,159,723.37. This trade represents a 60.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.64% of the stock is currently owned by company insiders.

Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. The company’s operations are concentrated in the Permian Basin of West Texas and southeastern New Mexico, particularly the Midland and Delaware Basins.

Diamondback produces crude oil, natural gas and natural gas liquids from horizontal wells and related infrastructure. Its activities include drilling and completing wells, operating gathering and processing assets, and managing midstream services that support production.