LaSalle St. Investment Advisors LLC Invests $608,000 in Diamondback Energy, Inc. $FANG

LaSalle St. Investment Advisors LLC purchased a new stake in Diamondback Energy, Inc. (NASDAQ:FANG) during the second quarter, according to its most recent filing with the SEC. The firm purchased 3,457 shares of the oil and natural gas company’s stock, valued at approximately $608,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Diamondback Energy during the second quarter worth $3,303,362,000. Bank of New York Mellon Corp acquired a new stake in Diamondback Energy in the 2nd quarter valued at approximately $852,791,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Diamondback Energy in the 2nd quarter valued at approximately $268,855,000. Wellington Management Group LLP boosted its position in Diamondback Energy by 74.1% during the 4th quarter. Wellington Management Group LLP now owns 3,239,837 shares of the oil and natural gas company’s stock worth $487,045,000 after acquiring an additional 1,379,010 shares during the last quarter. Finally, EnCap Energy Capital Fund XII L.P. bought a new position in shares of Diamondback Energy during the 4th quarter worth approximately $169,342,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

More Diamondback Energy News

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

• Positive Sentiment: Record production and stronger outlook: Diamondback surpassed 1 million barrels of oil equivalent per day, reported record quarterly revenue and earnings, raised its guidance and doubled its share-repurchase authorization. The results reinforce the company’s growth profile and support the bullish analyst consensus. Diamondback Hits a Milestone at Just the Right Time
• Positive Sentiment: Energy-sector momentum: FANG was identified among energy stocks breaking out as the broader market focused on geopolitical developments involving Iran. Stronger energy prices or investor rotation into the sector can provide a near-term tailwind for Diamondback’s shares. Stock Market Today: Dow Falls on Trump’s Economic D-Day Threat
• Neutral Sentiment: Analyst rating unchanged: Morgan Stanley reaffirmed its “Equal Weight” rating and set a $216 price target, implying only modest upside from the referenced trading level. The target provides valuation support but does not represent a strong bullish revision. Morgan Stanley analyst coverage
• Neutral Sentiment: Pipeline investment story under review: Coverage of Diamondback’s Permian-to-Katy gas pipeline investment highlights how the project is changing the company’s longer-term investment narrative, though the supplied report does not provide specific financial changes or updated guidance. How Diamondback’s Permian-to-Katy Gas Pipeline Bet Has Changed Its Investment Story
• Negative Sentiment: Lower forward earnings estimates: Zacks Research cut its estimates for several future periods, including Q3 and Q4 2026, FY2026 and FY2027. Its FY2026 forecast fell to $16.52 per share from $18.11, while FY2027 declined to $14.95 from $16.42. Zacks maintained a “Hold” rating, signaling concerns about future earnings momentum despite the company’s recent results.

Diamondback Energy Stock Up 1.2%

FANG stock opened at $211.02 on Friday. The business has a 50-day simple moving average of $191.42 and a 200 day simple moving average of $189.07. Diamondback Energy, Inc. has a 52 week low of $134.30 and a 52 week high of $216.90. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.25. The company has a market cap of $59.09 billion, a PE ratio of 41.13 and a beta of 0.43.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.08 by $0.40. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The business had revenue of $5.56 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the business posted $2.38 EPS. The firm’s revenue for the quarter was up 51.2% on a year-over-year basis. Sell-side analysts anticipate that Diamondback Energy, Inc. will post 19.3 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, August 13th. Diamondback Energy’s dividend payout ratio (DPR) is presently 85.77%.

Insider Activity at Diamondback Energy

In other Diamondback Energy news, EVP Matt Zmigrosky sold 5,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $200.54, for a total transaction of $1,002,700.00. Following the sale, the executive vice president owned 46,392 shares of the company’s stock, valued at approximately $9,303,451.68. The trade was a 9.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Teresa L. Dick sold 7,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total transaction of $1,406,300.00. Following the transaction, the chief accounting officer owned 85,755 shares of the company’s stock, valued at $17,228,179.50. This trade represents a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 129,167 shares of company stock worth $24,714,309 in the last 90 days. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FANG has been the topic of a number of recent research reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $248.00 price objective on shares of Diamondback Energy in a report on Friday, July 31st. Sanford C. Bernstein upped their price objective on Diamondback Energy from $237.00 to $241.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Jefferies Financial Group restated a “hold” rating and set a $205.00 target price on shares of Diamondback Energy in a research note on Sunday, August 9th. Wall Street Zen raised Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Citigroup lowered their target price on Diamondback Energy from $221.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Diamondback Energy currently has an average rating of “Moderate Buy” and a consensus price target of $222.21.

About Diamondback Energy

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.