Russell Investments Group Ltd. Has $33.90 Million Stock Position in Diamondback Energy, Inc. $FANG

Russell Investments Group Ltd. lowered its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 236,918 shares of the oil and natural gas company’s stock after selling 7,921 shares during the quarter. Russell Investments Group Ltd.’s holdings in Diamondback Energy were worth $33,903,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Savant Capital LLC raised its stake in shares of Diamondback Energy by 78.3% in the second quarter. Savant Capital LLC now owns 15,178 shares of the oil and natural gas company’s stock worth $2,086,000 after acquiring an additional 6,665 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Diamondback Energy by 32.8% during the second quarter. Wedbush Securities Inc. now owns 3,587 shares of the oil and natural gas company’s stock valued at $493,000 after purchasing an additional 885 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Diamondback Energy in the second quarter valued at approximately $962,000. National Pension Service increased its holdings in shares of Diamondback Energy by 0.6% in the second quarter. National Pension Service now owns 338,131 shares of the oil and natural gas company’s stock valued at $46,459,000 after purchasing an additional 2,005 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in Diamondback Energy by 3,330.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 73,136 shares of the oil and natural gas company’s stock worth $10,049,000 after purchasing an additional 71,004 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Trading Down 1.0%

Shares of NASDAQ FANG opened at $176.64 on Thursday. The company’s fifty day moving average is $163.00 and its 200-day moving average is $151.99. The stock has a market cap of $49.83 billion, a price-to-earnings ratio of 31.49 and a beta of 0.59. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $186.65. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.32.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.41 billion. Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. Diamondback Energy’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.67 EPS. Equities research analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 2.4%. Diamondback Energy’s payout ratio is presently 74.87%.

Insiders Place Their Bets

In other news, Director Charles Alvin Meloy sold 7,857 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $183.27, for a total transaction of $1,439,952.39. Following the sale, the director owned 974,149 shares of the company’s stock, valued at $178,532,287.23. This trade represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of Diamondback Energy stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $162.88, for a total value of $162,880,000.00. Following the transaction, the insider owned 98,686,727 shares in the company, valued at $16,074,094,093.76. This trade represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,168,462 shares of company stock worth $192,197,747 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

Key Diamondback Energy News

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

• Positive Sentiment: Goldman Sachs raised its price target on FANG to $212 and kept a “buy” rating, providing a sizable upside view versus the current price; this supports longer‑term valuation expectations. Goldman Sachs price target raise
• Positive Sentiment: Zacks issued several updates that include higher FY2027 estimates (FY2027 EPS raised), which traders may view as supportive for multi‑year earnings growth despite near‑term cuts. Zacks research notes
• Neutral Sentiment: Short‑interest data published for early March appears to show zero reported short interest and a 0.0 days‑to‑cover figure — likely a data reporting glitch and not meaningful to the market. (Treat with caution.)
• Neutral Sentiment: Analyst revisions are mixed: Zacks trimmed several near‑term (Q1–Q3 FY2026) estimates and FY2026 EPS while raising some later‑year targets — this creates ambiguity around near‑term guidance versus longer‑term outlook. Zacks estimates changes
• Negative Sentiment: The largest shareholder, SGF FANG Holdings, priced an underwritten secondary offering of 11,000,000 Diamondback shares (gross proceeds ~ $1.9B). Diamondback will receive no proceeds — the sale increases available share supply and creates near‑term selling pressure. The offering is expected to close subject to customary conditions. Secondary offering priced
• Negative Sentiment: Market reports show the large shareholder offering (priced ~ $172.25–$176 per share in some reports) and the launch/pricing have already weighed on the stock, with coverage noting FANG shares moved lower after the announcement. Market reaction to offering
• Negative Sentiment: Significant insider selling by senior executives has been filed: Chairman Travis Stice disclosed large sales (multiple filings) and Director Charles Alvin Meloy also sold shares — combined insider sales increase concern about shareholder exits. Chairman SEC filing Director sale

Analyst Upgrades and Downgrades

Several research firms have issued reports on FANG. Barclays upped their price objective on Diamondback Energy from $178.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Citigroup dropped their target price on Diamondback Energy from $180.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. UBS Group upped their price target on Diamondback Energy from $194.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Sanford C. Bernstein decreased their price target on Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, The Goldman Sachs Group boosted their price objective on Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.10.

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.