Diamondback Energy, Inc. $FANG Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,830 shares of the oil and natural gas company’s stock after purchasing an additional 6,941 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Diamondback Energy were worth $15,592,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. grew its position in Diamondback Energy by 101.9% in the first quarter. QRG Capital Management Inc. now owns 5,694 shares of the oil and natural gas company’s stock worth $1,126,000 after acquiring an additional 2,874 shares during the period. Oxbow Advisors LLC acquired a new position in shares of Diamondback Energy in the 1st quarter valued at $243,000. Capital Financial Group Inc. Co. ADV lifted its stake in shares of Diamondback Energy by 2.1% in the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 3,584 shares of the oil and natural gas company’s stock valued at $709,000 after purchasing an additional 75 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of Diamondback Energy by 8.0% during the 1st quarter. HB Wealth Management LLC now owns 6,960 shares of the oil and natural gas company’s stock worth $1,377,000 after purchasing an additional 518 shares during the period. Finally, Moran Wealth Management LLC increased its position in shares of Diamondback Energy by 5.2% during the 1st quarter. Moran Wealth Management LLC now owns 50,068 shares of the oil and natural gas company’s stock worth $9,903,000 after purchasing an additional 2,472 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, EVP Matt Zmigrosky sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $200.54, for a total value of $1,002,700.00. Following the completion of the transaction, the executive vice president owned 46,392 shares of the company’s stock, valued at $9,303,451.68. This trade represents a 9.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles Alvin Meloy sold 83,334 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $187.12, for a total value of $15,593,458.08. Following the sale, the director directly owned 851,530 shares in the company, valued at $159,338,293.60. This represents a 8.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 113,691 shares of company stock valued at $21,622,752 in the last quarter. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FANG shares. Wall Street Zen upgraded shares of Diamondback Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Mizuho lifted their price target on shares of Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Barclays boosted their price target on shares of Diamondback Energy from $225.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Piper Sandler increased their price objective on shares of Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $249.00 target price on shares of Diamondback Energy in a report on Wednesday, June 10th. Five research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $220.68.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $172.04 on Monday. The company has a market cap of $48.40 billion, a P/E ratio of 200.05 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The stock has a 50-day moving average of $193.52 and a two-hundred day moving average of $178.33. Diamondback Energy, Inc. has a 1-year low of $134.30 and a 1-year high of $214.51.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.49. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the company earned $4.54 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, analysts anticipate that Diamondback Energy, Inc. will post 19.47 EPS for the current year.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a dividend of $1.10 per share. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.6%. Diamondback Energy’s dividend payout ratio (DPR) is currently 511.63%.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Zacks Research raised Diamondback Energy’s earnings estimates for FY2026, FY2027, FY2028 and several quarters in 2027-2028, signaling slightly improved profit expectations. Diamondback Energy analyst estimate update
• Neutral Sentiment: The firm kept its rating at Hold, which limits the bullish impact of the upgraded estimates. Diamondback Energy analyst estimate update
• Neutral Sentiment: Separate news showed Diamondback subsidiary Viper Energy completed its $337 million Riverbend mineral and royalty acquisition, a strategic expansion in the Permian Basin but not a direct earnings upgrade for FANG itself. Viper Energy acquisition completion

Diamondback Energy Company 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.