Matt Zmigrosky Sells 4,101 Shares of Diamondback Energy (NASDAQ:FANG) Stock

Diamondback Energy, Inc. (NASDAQ:FANG) EVP Matt Zmigrosky sold 4,101 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $190.51, for a total transaction of $781,281.51. Following the transaction, the executive vice president owned 56,392 shares of the company’s stock, valued at approximately $10,743,239.92. The trade was a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Matt Zmigrosky also recently made the following trade(s):

• On Friday, March 13th, Matt Zmigrosky sold 20,899 shares of Diamondback Energy stock. The stock was sold at an average price of $180.00, for a total transaction of $3,761,820.00.

Diamondback Energy Stock Up 1.2%

FANG opened at $192.54 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.32. The stock has a market cap of $54.16 billion, a price-to-earnings ratio of 34.32 and a beta of 0.59. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $194.68. The company’s 50-day moving average price is $168.44 and its two-hundred day moving average price is $153.84.

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

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.2%. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, March 5th. Diamondback Energy’s dividend payout ratio is currently 74.87%.

Trending Headlines about Diamondback Energy

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

• Positive Sentiment: Broad analyst endorsement — 26 covering analysts have an average “Buy” rating on FANG, reinforcing institutional confidence and helping momentum. Article Title
• Positive Sentiment: Analyst upgrades / 52‑week high — Recent upgrades pushed FANG to a new 52‑week high, attracting momentum traders and supporting the rally. Article Title
• Positive Sentiment: Dividend increase — The company raised its quarterly payout (now $1.05 per share), improving yield and income appeal for dividend-focused investors.
• Neutral Sentiment: Short‑interest data appears anomalous — Reported short interest showed zero in the recent snapshot (likely a data/reporting issue), so there’s no clear short‑squeeze signal from the published figures.
• Neutral Sentiment: Market coverage roundup — Aggregators highlighted insider selling among several names including FANG; such write‑ups are informational and don’t by themselves prove negative intent. Article Title
• Negative Sentiment: Multiple material insider sales this week — Several executives/directors sold shares (EVP Matt Zmigrosky, CAO Teresa L. Dick, Director Steven E. West), with Zmigrosky’s recent transactions disclosed in SEC filings; clustered insider selling can weigh on sentiment even when attributed to diversification or tax planning. Article Title
• Negative Sentiment: Recent earnings miss — FANG’s latest quarter missed EPS and revenue estimates, which remains a fundamental caution point for some investors despite the subsequent analyst optimism. Article Title

Institutional Trading of Diamondback Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in Diamondback Energy by 9.2% in the 2nd quarter. Creative Planning now owns 53,454 shares of the oil and natural gas company’s stock worth $7,345,000 after purchasing an additional 4,489 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Diamondback Energy by 38.0% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 119,287 shares of the oil and natural gas company’s stock valued at $16,390,000 after buying an additional 32,838 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Diamondback Energy by 3.6% during the second quarter. Nomura Asset Management Co. Ltd. now owns 74,783 shares of the oil and natural gas company’s stock valued at $10,275,000 after buying an additional 2,627 shares during the period. Vanguard Group Inc. lifted 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 worth $3,204,894,000 after buying an additional 388,512 shares in the last quarter. Finally, United Advisor Group LLC lifted its holdings in shares of Diamondback Energy by 14.4% in the second quarter. United Advisor Group LLC now owns 5,059 shares of the oil and natural gas company’s stock worth $695,000 after buying an additional 638 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FANG has been the topic of a number of recent research reports. Freedom Capital raised Diamondback Energy to a “strong-buy” rating in a research report on Tuesday, March 10th. TD Cowen raised Diamondback Energy to a “strong-buy” rating in a report on Monday, February 9th. Susquehanna boosted their price objective on Diamondback Energy from $182.00 to $199.00 and gave the company a “positive” rating in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Diamondback Energy in a report on Monday, December 29th. Finally, Benchmark lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Diamondback Energy currently has an average rating of “Buy” and an average target price of $195.43.

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.