PKO Investment Management Joint Stock Co Raises Position in Diamondback Energy, Inc. $FANG

PKO Investment Management Joint Stock Co raised its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 150.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,500 shares of the oil and natural gas company’s stock after acquiring an additional 8,700 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Diamondback Energy were worth $2,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Smead Capital Management Inc. bought a new position in shares of Diamondback Energy in the 2nd quarter worth approximately $144,775,000. Capital Research Global Investors boosted its position 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 purchasing an additional 1,046,398 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Diamondback Energy by 2,637.8% during 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 purchasing an additional 440,005 shares in the last quarter. Two Sigma Investments LP grew 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 purchasing an additional 339,468 shares during the period. Finally, Ninepoint Partners LP bought a new position in Diamondback Energy in the third quarter worth $45,076,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

More Diamondback Energy News

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

• Positive Sentiment: UAE exits OPEC, weakening cartel coordination and boosting crude prices; higher oil improves revenue and cash-flow outlook for low-cost Permian producers like Diamondback. The UAE’s OPEC Exit Changes the Oil Trade — Here’s the Stock to Buy Now
• Positive Sentiment: Market commentary flags Diamondback as a near-term beneficiary of the OPEC shock given its low-cost Permian position, supporting upside if oil stays elevated above $100/bbl. Following UAE’s OPEC Exit Shock, Diamondback Energy Could Be the Smartest Bet Now
• Positive Sentiment: Zacks Research upgraded FANG to a “Strong-Buy” and added it to its Zacks Rank #1 list, citing model/estimate improvements that can draw investor interest and momentum buying. Zacks.com
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate for Diamondback, indicating analyst bullishness on longer-term earnings power (FY2028 EPS revised to $14.43). Is Diamondback Stock Worth Buying Before Q1 Earnings Release?
• Neutral Sentiment: Multiple earnings previews (Zacks, Yahoo) highlight Q1 as a pivotal test for FANG — metrics beyond headline revenue/earnings (volume, hedges, unit costs) will drive the read-through. Investors are positioning ahead of the May 4 report. Gear Up for Diamondback (FANG) Q1 Earnings: Wall Street Estimates for Key Metrics
• Negative Sentiment: Consensus sees Q1 revenue down roughly 5–6% year-over-year; a miss or weaker commodity realization could pressure the stock despite hedges and higher volumes. This is a near-term execution risk around the upcoming report. Is Diamondback Stock Worth Buying Before Q1 Earnings Release?

Wall Street Analysts Forecast Growth

Several brokerages have commented on FANG. Piper Sandler raised their price objective on Diamondback Energy from $215.00 to $248.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Sanford C. Bernstein reduced their target price on shares of Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. TD Cowen upgraded shares of Diamondback Energy to a “strong-buy” rating in a research note on Monday, February 9th. UBS Group lifted their price target on shares of Diamondback Energy from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Finally, Truist Financial started coverage on shares of Diamondback Energy in a research note on Tuesday, March 24th. They set a “buy” rating and a $222.00 price objective on the stock. Five equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Diamondback Energy presently has an average rating of “Buy” and an average target price of $208.05.

Diamondback Energy Stock Performance

FANG stock opened at $207.65 on Friday. The stock has a market capitalization of $58.41 billion, a PE ratio of 37.01 and a beta of 0.46. Diamondback Energy, Inc. has a 12-month low of $127.75 and a 12-month high of $207.77. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $187.42 and its 200 day simple moving average is $164.27.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results 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). 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 period in the previous year, the business posted $3.67 EPS. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. As a group, research analysts forecast that Diamondback Energy, Inc. will post 18.84 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, March 5th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. Diamondback Energy’s dividend payout ratio is 74.87%.

Insider Buying and Selling

In other Diamondback Energy news, Director Charles Alvin Meloy sold 7,857 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $193.93, for a total value of $1,523,708.01. Following the completion of the transaction, the director owned 958,435 shares of the company’s stock, valued at approximately $185,869,299.55. The trade was a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jere W. Thompson III sold 750 shares of Diamondback Energy stock in a transaction that occurred 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 of the company’s stock, valued at $3,644,838.25. This represents a 3.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,217,069 shares of company stock worth $201,213,109 in the last three months. 0.64% of the stock is currently owned by company insiders.

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.