Second Line Capital LLC Purchases 4,714 Shares of Diamondback Energy, Inc. $FANG

Second Line Capital LLC raised its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 22.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,405 shares of the oil and natural gas company’s stock after purchasing an additional 4,714 shares during the period. Second Line Capital LLC’s holdings in Diamondback Energy were worth $3,635,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Smead Capital Management Inc. bought a new position in shares of Diamondback Energy during the 2nd quarter worth $144,775,000. Capital Research Global Investors increased its stake in shares of Diamondback Energy by 38.0% during the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock valued at $543,610,000 after buying an additional 1,046,398 shares during the period. Balyasny Asset Management L.P. raised its holdings in shares of Diamondback Energy by 2,637.8% in the third quarter. Balyasny Asset Management L.P. now owns 456,686 shares of the oil and natural gas company’s stock valued at $65,352,000 after acquiring an additional 440,005 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Diamondback Energy by 1.7% in the second quarter. Vanguard Group Inc. now owns 23,325,287 shares of the oil and natural gas company’s stock valued at $3,204,894,000 after acquiring an additional 388,512 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in Diamondback Energy by 1,127.8% in the third quarter. Two Sigma Investments LP now owns 369,568 shares of the oil and natural gas company’s stock worth $52,885,000 after acquiring an additional 339,468 shares during the period. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Jere W. Thompson III sold 750 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $182.47, for a total transaction of $136,852.50. Following the completion of the sale, the chief financial officer owned 19,975 shares in the company, valued at approximately $3,644,838.25. This represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Matt Zmigrosky sold 20,899 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $180.00, for a total value of $3,761,820.00. Following the completion of the sale, the executive vice president directly owned 60,493 shares of the company’s stock, valued at $10,888,740. The trade was a 25.68% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,194,111 shares of company stock worth $196,828,019. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on FANG shares. Benchmark cut shares of Diamondback Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Wells Fargo & Company upped their price target on shares of Diamondback Energy from $171.00 to $202.00 and gave the stock an “overweight” rating in a research report on Monday. TD Cowen upgraded shares of Diamondback Energy to a “strong-buy” rating in a research note on Monday, February 9th. Wall Street Zen lowered shares of Diamondback Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Finally, Morgan Stanley reduced their price objective on shares of Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Diamondback Energy has an average rating of “Buy” and an average target price of $195.43.

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock opened at $187.22 on Wednesday. The company has a 50-day simple moving average of $165.70 and a two-hundred day simple moving average of $153.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.42. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $188.73. The company has a market capitalization of $52.66 billion, a PE ratio of 33.37 and a beta of 0.59.

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

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 5th. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.2%. Diamondback Energy’s payout ratio is currently 74.87%.

Diamondback Energy News Summary

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

• Positive Sentiment: Raymond James raised its price target to $240 and assigned a “strong‑buy” — a large upside signal that likely boosted investor demand. Raymond James PT Raise
• Positive Sentiment: Mizuho bumped its target to $220 and moved to “outperform,” reinforcing bullish analyst momentum across the stock. Mizuho PT Raise
• Positive Sentiment: Wells Fargo raised its target to $202 with an “overweight” rating — another vote of confidence from a large bank. Wells Fargo PT Raise
• Positive Sentiment: Barclays lifted its target to $190 and kept an “overweight” stance, adding to the cluster of price‑target increases. Barclays PT Raise
• Positive Sentiment: Press and research pieces name Diamondback as a way to play higher oil prices (Barron’s and Goldman Sachs roundup of energy picks), which supports sector‑driven buying. Barron’s: Underappreciated Energy Stocks
• Neutral Sentiment: Coverage noting peers (ConocoPhillips, EOG) outperforming on liquidity and leverage may shift relative positioning among large‑cap energy names but is not directly negative for Diamondback. BofA Peer Liquidity Note
• Negative Sentiment: EVP Matt Zmigrosky sold 20,899 shares at ~$180 (25.7% reduction in his holding) — a large insider sale that may concern some investors. SEC Filing — Zmigrosky
• Negative Sentiment: VP Albert Barkmann sold 4,000 shares at ~$182.90 (12.7% reduction), another insider disposition disclosed to the SEC. SEC Filing — Barkmann
• Negative Sentiment: CFO Jere W. Thompson III sold 750 shares at ~$182.47 (3.6% reduction), a smaller but still notable insider sale. SEC Filing — Thompson

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.