Citizens Financial Group Inc. RI Makes New Investment in Diamondback Energy, Inc. $FANG

Citizens Financial Group Inc. RI bought a new stake in Diamondback Energy, Inc. (NASDAQ:FANG) in the second quarter, HoldingsChannel.com reports. The fund bought 3,235 shares of the oil and natural gas company’s stock, valued at approximately $569,000.

Other institutional investors also recently made changes to their positions in the company. Auxano Advisors LLC bought a new position in shares of Diamondback Energy during the second quarter worth about $660,000. BlackRock Inc. acquired a new stake in shares of Diamondback Energy in the 2nd quarter worth about $3,303,362,000. Pallas Capital Advisors LLC bought a new stake in Diamondback Energy in the 2nd quarter valued at about $3,351,000. Deutsche Bank AG bought a new stake in Diamondback Energy in the 2nd quarter valued at about $154,633,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in Diamondback Energy during the 2nd quarter valued at about $1,347,000. 90.01% of the stock is owned by institutional investors.

Insider Activity at Diamondback Energy

In related news, EVP Matt Zmigrosky sold 5,000 shares of the business’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 transaction of $1,002,700.00. Following the transaction, the executive vice president directly owned 46,392 shares of the company’s stock, valued at approximately $9,303,451.68. The trade was a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark Lawrence Plaumann sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total transaction of $98,250.00. Following the transaction, the director directly owned 13,437 shares in the company, valued at $2,640,370.50. The trade was a 3.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 129,167 shares of company stock valued at $24,714,309. 0.64% of the stock is owned by company insiders.

Diamondback Energy Trading Down 0.7%

Diamondback Energy stock opened at $208.55 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.47. The firm has a market cap of $58.40 billion, a price-to-earnings ratio of 40.65 and a beta of 0.43. Diamondback Energy, Inc. has a 1 year low of $134.30 and a 1 year high of $214.51. The firm’s 50 day moving average price is $191.03 and its two-hundred day moving average price is $188.74.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 EPS for the quarter, topping the consensus estimate of $6.08 by $0.40. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The company had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the company posted $2.38 earnings per share. The business’s revenue for the quarter was up 51.2% on a year-over-year basis. On average, research analysts predict that Diamondback Energy, Inc. will post 19.3 EPS for the current fiscal year.

Diamondback Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, August 13th. Diamondback Energy’s dividend payout ratio is 85.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup decreased their price objective on Diamondback Energy from $221.00 to $220.00 and set a “buy” rating for the company in a report on Monday, August 10th. Zacks Research downgraded Diamondback Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Morgan Stanley lowered Diamondback Energy from an “overweight” rating to an “equal weight” rating and set a $216.00 price target for the company. in a research report on Wednesday. Scotiabank increased their price target on Diamondback Energy from $175.00 to $195.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, UBS Group decreased their price target on Diamondback Energy from $246.00 to $243.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $222.21.

More Diamondback Energy News

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

• Positive Sentiment: Morgan Stanley reaffirmed its Equal Weight rating but raised or maintained a $216 price target, implying modest upside from the referenced price. The target provides some support, though the neutral rating limits the bullish signal. Morgan Stanley rating report
• Positive Sentiment: Zacks Research increased its FY2028 EPS forecast to $15.37 from $14.83, suggesting potential longer-term earnings improvement. Diamondback Energy valuation and pipeline venture article
• Neutral Sentiment: Analysts continue to rate FANG Hold or Equal Weight, indicating neither a strong bullish nor bearish consensus. Diamondback’s Permian-to-Katy gas pipeline strategy and participation in the Solitude Pipeline venture could broaden its midstream exposure, but the investment benefits remain dependent on execution and future cash flows. Diamondback Permian-to-Katy gas pipeline article
• Negative Sentiment: Zacks Research cut several near- and medium-term forecasts: Q3 2026 EPS to $2.70 from $4.32, Q4 2026 to $3.11 from $4.19, FY2026 to $16.52 from $18.11, FY2027 to $14.95 from $16.42, Q4 2027 to $3.08 from $3.87, and Q1 2028 to $3.12 from $3.57. Additional reductions affected Q2 and Q3 2027 estimates. These revisions outweigh the isolated FY2028 increase and are likely pressuring the stock.

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.