Diamondback Energy, Inc. $FANG Shares Sold by Horizon Investments LLC

Horizon Investments LLC trimmed its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 28.0% in the 4th quarter, HoldingsChannel reports. The firm owned 8,337 shares of the oil and natural gas company’s stock after selling 3,241 shares during the quarter. Horizon Investments LLC’s holdings in Diamondback Energy were worth $1,253,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smead Capital Management Inc. acquired a new position in Diamondback Energy in the 2nd quarter worth approximately $144,775,000. Capital Research Global Investors raised its position in Diamondback Energy by 38.0% during the 3rd quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock worth $543,610,000 after buying an additional 1,046,398 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Diamondback Energy by 2,637.8% during the 3rd 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 acquiring an additional 440,005 shares during the period. Two Sigma Investments LP lifted its stake in Diamondback Energy by 1,127.8% during the 3rd quarter. Two Sigma Investments LP now owns 369,568 shares of the oil and natural gas company’s stock valued at $52,885,000 after acquiring an additional 339,468 shares during the period. Finally, Ninepoint Partners LP purchased a new stake in shares of Diamondback Energy in the 3rd quarter valued at $45,076,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Stock Performance

FANG opened at $195.11 on Thursday. The firm has a fifty day moving average price of $188.45 and a 200 day moving average price of $165.27. Diamondback Energy, Inc. has a 1 year low of $127.75 and a 1 year high of $214.51. The stock has a market cap of $54.89 billion, a P/E ratio of 226.87 and a beta of 0.46. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.40.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.54 earnings per share. Equities research analysts anticipate that Diamondback Energy, Inc. will post 18.84 earnings per share for the current year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 14th will be paid a $1.10 dividend. The ex-dividend date is Thursday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.3%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s dividend payout ratio (DPR) is presently 511.63%.

Insider Transactions at Diamondback Energy

In related news, EVP Matt Zmigrosky sold 20,899 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $180.00, for a total value of $3,761,820.00. Following the completion of the transaction, the executive vice president owned 60,493 shares of the company’s stock, valued at approximately $10,888,740. This represents a 25.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven E. West sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total value of $1,130,100.00. Following the transaction, the director owned 4,484 shares in the company, valued at $844,561.40. This represents a 57.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 156,464 shares of company stock worth $28,568,431 over the last quarter. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Diamondback Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. KeyCorp upped their price target on shares of Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Truist Financial set a $242.00 price target on Diamondback Energy in a research report on Wednesday. TD Cowen upgraded Diamondback Energy to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Mizuho boosted their price objective on Diamondback Energy from $205.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Five investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Diamondback Energy currently has a consensus rating of “Buy” and a consensus price target of $215.70.

Key Diamondback Energy News

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

• Positive Sentiment: Q1 results beat revenue and EPS expectations; management raised 2026 production guidance and increased the quarterly dividend to $1.10, signaling confidence in cash generation. Diamondback Energy Lifts Production Guidance
• Positive Sentiment: Analyst bullishness: Susquehanna raised its price target to $245 and put a “positive” rating on the stock, implying meaningful upside versus current levels. Susquehanna Raises PT to $245
• Positive Sentiment: Earnings-estimate revisions are trending higher, supporting a constructive near?term view on EPS trajectory. Zacks: Earnings Estimates Moving Higher
• Neutral Sentiment: Wall Street maintains interest — Goldman Sachs reiterated a Buy with a ~$216 target and other analysts remain constructive, leaving valuation/expectations in focus. TipRanks: Analyst Reiterates Buy
• Negative Sentiment: Investor pushback on growth: coverage and market reaction highlight that investors are uneasy with Diamondback accelerating shale output (management boosted production plans to capture higher prices) — Barron’s reports investors “hating” the production ramp despite the beat. That shift toward growth (vs. pure returns) plus a large ~$1.4B impairment pressured sentiment. Barron’s: Diamondback Is Boosting Oil Production; Investors Are Hating It
• Negative Sentiment: Short-term market mechanics: profit-taking after recent highs and broader oil?stock weakness on mixed earnings commentary amplified the selloff today. Yahoo: Oil Stocks Skid on Earnings

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.