Korea Investment CORP Decreases Stake in Diamondback Energy, Inc. $FANG

Korea Investment CORP cut its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 14.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,812 shares of the oil and natural gas company’s stock after selling 11,501 shares during the quarter. Korea Investment CORP’s holdings in Diamondback Energy were worth $9,990,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Diamondback Energy by 106.3% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 102 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Diamondback Energy in the 2nd quarter valued at approximately $29,000. Salomon & Ludwin LLC purchased a new position in Diamondback Energy in the 3rd quarter valued at approximately $31,000. Estabrook Capital Management bought a new stake in Diamondback Energy during the 2nd quarter valued at $41,000. Finally, City Holding Co. bought a new stake in Diamondback Energy during the 3rd quarter valued at $43,000. Institutional investors own 90.01% of the company’s stock.

Insider Buying and Selling

In other Diamondback Energy news, Director Charles Alvin Meloy sold 60,605 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $161.12, for a total value of $9,764,677.60. Following the completion of the transaction, the director owned 982,006 shares of the company’s stock, valued at $158,220,806.72. The trade was a 5.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis D. Stice sold 63,957 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $181.16, for a total transaction of $11,586,450.12. Following the completion of the transaction, the chairman directly owned 305,314 shares in the company, valued at $55,310,684.24. The trade was a 17.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,168,462 shares of company stock worth $192,197,747. Insiders own 0.70% of the company’s stock.

Diamondback Energy Price Performance

NASDAQ:FANG opened at $176.64 on Thursday. The firm has a market capitalization of $49.83 billion, a price-to-earnings ratio of 31.49 and a beta of 0.59. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $186.65. The stock has a fifty day moving average of $163.00 and a 200 day moving average of $151.99. 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 (NASDAQ:FANG) last announced 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 return on equity of 8.08% and a net margin of 11.07%.The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the company earned $3.67 earnings per share. Diamondback Energy’s revenue was down 9.0% compared to the same quarter last year. On average, research analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, March 5th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.4%. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. The ex-dividend date is Thursday, March 5th. Diamondback Energy’s dividend payout ratio (DPR) is currently 74.87%.

Diamondback Energy News Roundup

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

Analysts Set New Price Targets

FANG has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $173.00 price target on shares of Diamondback Energy in a report on Monday, January 19th. Sanford C. Bernstein dropped their price objective on Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Benchmark downgraded Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Mizuho upped their price target on Diamondback Energy from $194.00 to $205.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Finally, UBS Group raised their price objective on shares of Diamondback Energy from $194.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Diamondback Energy currently has an average rating of “Moderate Buy” and an average target price of $190.10.

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.