Diamondback Energy, Inc. $FANG Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 13.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,625 shares of the oil and natural gas company’s stock after selling 28,559 shares during the period. Truist Financial Corp owned approximately 0.07% of Diamondback Energy worth $27,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Diamondback Energy by 1.7% during 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 purchasing an additional 388,512 shares during the period. Boston Partners increased its position in shares of Diamondback Energy by 2.8% in the second quarter. Boston Partners now owns 5,569,990 shares of the oil and natural gas company’s stock worth $766,914,000 after acquiring an additional 151,150 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Diamondback Energy by 2.7% in the second quarter. Geode Capital Management LLC now owns 5,441,649 shares of the oil and natural gas company’s stock valued at $746,526,000 after buying an additional 142,649 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Diamondback Energy by 9.0% during the second quarter. Bank of New York Mellon Corp now owns 4,642,218 shares of the oil and natural gas company’s stock valued at $637,841,000 after purchasing an additional 384,971 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of Diamondback Energy by 9.2% in the second quarter. Raymond James Financial Inc. now owns 1,952,276 shares of the oil and natural gas company’s stock valued at $268,243,000 after purchasing an additional 164,293 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $163.07 on Friday. The firm has a market cap of $46.70 billion, a price-to-earnings ratio of 11.33 and a beta of 0.59. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $173.01. The company has a 50 day moving average of $151.80 and a 200-day moving average of $146.12.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings results on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.14. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The business’s revenue was up 48.4% on a year-over-year basis. During the same period last year, the firm posted $3.19 EPS. On average, equities analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. Diamondback Energy’s dividend payout ratio (DPR) is currently 27.80%.

Insider Buying and Selling at Diamondback Energy

In other news, Director Charles Alvin Meloy sold 377,911 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $138.61, for a total transaction of $52,382,243.71. Following the completion of the sale, the director owned 1,044,864 shares of the company’s stock, valued at $144,828,599.04. This represents a 26.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by company insiders.

Diamondback Energy News Roundup

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

• Positive Sentiment: Recent intraday momentum: Zacks flagged that FANG rose despite broader market weakness, reflecting investor appetite for the name. Diamondback Energy (FANG) Increases Despite Market Slip
• Positive Sentiment: Analyst support: William Blair reiterated a Buy, citing low?cost operations, disciplined maintenance?mode capital allocation and robust free cash flow — factors that support dividend/share?repurchase capacity and investor confidence. Diamondback Energy: Low-Cost Resilience… Buy Rating
• Neutral Sentiment: Morgan Stanley cut its price target to $171 from $183 but kept an Overweight rating — a mixed signal: the firm remains constructive on FANG’s fundamentals while reflecting lower oil?price assumptions that reduce upside. Morgan Stanley Lowered Diamondback Energy Target to $171
• Neutral Sentiment: Consensus/ratings context: Coverage publications note an average analyst view of “Moderate Buy,” keeping broader market sentiment mildly positive but not uniformly bullish. Diamondback Given Average Rating of Moderate Buy
• Neutral Sentiment: Valuation & comparisons: Recent pieces assessing valuation and peer comparisons provide context but no single catalyst — useful for longer?term positioning rather than immediate price moves. Assessing Diamondback Energy’s Valuation Comparing Diamondback & Black Dragon
• Neutral Sentiment: Short interest report shows no meaningful change (data appears abnormal/zero), so there’s no clear short?squeeze or large short positioning signal at present. (Market data release.)
• Negative Sentiment: Earnings revision risk: Zacks Research trimmed its Q3 2026 EPS estimate to $2.23 from $2.38, which could pressure near?term sentiment if other forecasters follow suit or if macro drivers (oil prices) weaken. Zacks Drops Q3 EPS Estimate

Analysts Set New Price Targets

A number of research analysts recently commented on FANG shares. UBS Group upped their price objective on Diamondback Energy from $174.00 to $194.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Scotiabank set a $175.00 price objective on Diamondback Energy in a research note on Friday, January 16th. Barclays reduced their price objective on shares of Diamondback Energy from $185.00 to $178.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Mizuho decreased their target price on Diamondback Energy from $195.00 to $194.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Finally, Roth Mkm set a $162.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.90.

Diamondback Energy 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.