Waycross Partners LLC Acquires 9,387 Shares of Diamondback Energy, Inc. $FANG

Waycross Partners LLC bought a new stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) in the third quarter, HoldingsChannel reports. The institutional investor bought 9,387 shares of the oil and natural gas company’s stock, valued at approximately $1,725,000.

Several other hedge funds have also made changes to their positions in the company. Asset One Wealth Management LLC increased its stake in shares of Diamondback Energy by 9.0% during the third quarter. Asset One Wealth Management LLC now owns 18,523 shares of the oil and natural gas company’s stock valued at $3,405,000 after buying an additional 1,533 shares during the period. International Assets Investment Management LLC lifted its stake in Diamondback Energy by 7.9% in the third quarter. International Assets Investment Management LLC now owns 1,426 shares of the oil and natural gas company’s stock worth $265,000 after acquiring an additional 105 shares during the period. Alta Advisers Ltd bought a new position in Diamondback Energy during the 3rd quarter worth about $261,000. Kestra Advisory Services LLC grew its holdings in Diamondback Energy by 7.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 37,241 shares of the oil and natural gas company’s stock worth $6,845,000 after acquiring an additional 2,650 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in Diamondback Energy by 2.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,587 shares of the oil and natural gas company’s stock worth $944,000 after acquiring an additional 100 shares in the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on FANG. Roth Capital boosted their price target on shares of Diamondback Energy from $205.00 to $212.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Barclays lowered their price target on shares of Diamondback Energy from $232.00 to $221.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. BMO Capital Markets increased their price objective on shares of Diamondback Energy from $215.00 to $224.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Raymond James Financial reissued a “strong-buy” rating on shares of Diamondback Energy in a report on Thursday, September 17th. Finally, Scotiabank assumed coverage on shares of Diamondback Energy in a research note on Wednesday, October 14th. They issued a “sector outperform” rating and a $250.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $228.29.

Diamondback Energy News Roundup

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

• Positive Sentiment: Diamondback raised its dividend by 7.3%, adding to the income case for the stock. Article: Diamondback Just Raised Its Dividend 7.3%
• Positive Sentiment: UBS raised its price target to $260 and maintained a Buy rating, signaling substantial potential upside in the analyst’s view. Article: UBS Group Forecasts Strong Price Appreciation for Diamondback Energy
• Positive Sentiment: Zacks added FANG to its #1 (Strong Buy) rankings for income, value, and overall stock selection. These screen-based endorsements may support sentiment, though they are not guarantees of performance. Article: New Strong Buy Stocks for November 6th
• Positive Sentiment: Management raised its 2026 production outlook and highlighted disciplined spending, improving Barnett well economics, and recovery technology as part of its Permian growth strategy. Article: FANG Q3 Earnings Call Highlights Capital Discipline and Permian Growth
• Neutral Sentiment: Diamondback said it will reinvest its Viper Energy distributions in Viper equity, a capital-allocation decision that increases its Viper exposure but does not itself represent a cash payout to FANG shareholders. Article: Viper Energy Adopts Distribution Reinvestment Plan
• Neutral Sentiment: Other recent coverage described analyst opinions on Diamondback as mixed, tempering the positive signal from UBS’s target increase. Article: Analysts’ Opinions Are Mixed on These Energy Stocks

Diamondback Energy Stock Down 0.3%

NASDAQ:FANG traded down $0.62 during midday trading on Friday, reaching $178.96. 1,636,638 shares of the stock traded hands, compared to its average volume of 2,034,797. The stock has a market capitalization of $50.11 billion, a PE ratio of 24.48 and a beta of 0.49. Diamondback Energy, Inc. has a 12-month low of $139.41 and a 12-month high of $216.90. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.47. The business has a 50-day moving average of $195.72 and a two-hundred day moving average of $189.95.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.72 by $0.14. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $4.60 billion. Diamondback Energy had a net margin of 11.03% and a return on equity of 11.99%. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.08 earnings per share. On average, equities analysts forecast that Diamondback Energy, Inc. will post 22.57 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 12th will be paid a dividend of $1.18 per share. This represents a $4.72 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 12th. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.10. Diamondback Energy’s dividend payout ratio (DPR) is presently 60.19%.

Insider Buying and Selling

In other news, Director Charles Meloy sold 33,333 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $183.74, for a total value of $6,124,605.42. Following the sale, the director owned 759,864 shares in the company, valued at $139,617,411.36. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis Stice sold 75,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the transaction, the director owned 49,727 shares of the company’s stock, valued at $10,159,723.37. This represents a 60.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.64% of the stock is owned by corporate insiders.

About Diamondback Energy

Diamondback Energy is an independent oil and natural gas company focused on the development and production of energy resources in the Permian Basin, primarily in West Texas and southeastern New Mexico. Its operations include exploration, drilling and production.

The company produces crude oil, natural gas and natural gas liquids. Its activities are concentrated in the Midland and Delaware Basin regions, where it develops oil and gas properties and related reserves.

Founded in 2007 and headquartered in Midland, Texas, Diamondback has expanded its Permian Basin operations over time, including through acquisitions.