Diamondback Energy, Inc. $FANG Shares Sold by Southern Financial Group LLC

Southern Financial Group LLC lessened its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 12.8% in the third quarter, HoldingsChannel.com reports. The firm owned 20,291 shares of the oil and natural gas company’s stock after selling 2,971 shares during the period. Diamondback Energy comprises 1.0% of Southern Financial Group LLC’s holdings, making the stock its 8th largest position. Southern Financial Group LLC’s holdings in Diamondback Energy were worth $3,730,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FANG. Waverly Advisors LLC grew its stake in shares of Diamondback Energy by 347.1% in the 2nd quarter. Waverly Advisors LLC now owns 164,536 shares of the oil and natural gas company’s stock worth $28,922,000 after acquiring an additional 127,732 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Diamondback Energy by 3.3% in the second quarter. Envestnet Asset Management Inc. now owns 512,271 shares of the oil and natural gas company’s stock valued at $90,047,000 after acquiring an additional 16,424 shares in the last quarter. USA Financial Formulas purchased a new position in Diamondback Energy in the third quarter worth $1,141,000. Robinhood Asset Management LLC purchased a new position in Diamondback Energy in the second quarter worth $11,307,000. Finally, Goehring & Rozencwajg Associates LLC boosted its stake in Diamondback Energy by 33.1% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 113,489 shares of the oil and natural gas company’s stock valued at $22,447,000 after acquiring an additional 28,246 shares during the last quarter. 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: Q3 results beat expectations. Diamondback reported earnings of $5.86 per share versus the $5.72 consensus and revenue of $5.43 billion versus $4.60 billion expected. Higher production and realized oil prices supported results and cash generation. Article: Diamondback Q3 Earnings Beat on Higher Oil Prices and Production
• Positive Sentiment: Raised outlook and disciplined growth plans. Management lifted its 2026 production outlook while emphasizing spending discipline, Barnett development and improved well economics. These plans could support future output and returns without a major increase in reinvestment. Article: FANG Q3 Earnings Call Highlights Capital Discipline and Permian Growth
• Positive Sentiment: Dividend increased 7.3%. The quarterly dividend rose from $1.10 to $1.18 per share, signaling confidence in cash generation and adding to shareholder returns. Article: Diamondback Energy Raises Dividend and 2026 Oil Production Outlook
• Positive Sentiment: Some analysts raised price targets. UBS lifted its target to $260 and Truist raised its target to $232; both maintained Buy ratings.
• Negative Sentiment: Wells Fargo lowered its target from $263 to $244, though it kept an Overweight rating. This more cautious valuation view may have weighed against the otherwise upbeat updates.

Insider Transactions at Diamondback Energy

In other news, Director Travis D. Stice sold 75,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the completion of the sale, the director owned 49,727 shares of the company’s stock, valued at approximately $10,159,723.37. This represents a 60.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles Meloy sold 33,333 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $183.74, for a total transaction of $6,124,605.42. Following the completion of the sale, the director directly owned 759,864 shares in the company, valued at approximately $139,617,411.36. This trade represents a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

FANG has been the topic of a number of recent research reports. Seaport Research Partners assumed coverage on Diamondback Energy in a research report on Thursday, September 3rd. They set a “neutral” rating on the stock. Stephens reaffirmed an “outperform” rating on shares of Diamondback Energy in a report on Tuesday, October 13th. The Goldman Sachs Group reduced their price objective on shares of Diamondback Energy from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Wolfe Research restated an “outperform” rating and issued a $206.00 price objective on shares of Diamondback Energy in a research report on Tuesday, August 4th. Finally, UBS Group boosted their price target on shares of Diamondback Energy from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.29.

Diamondback Energy Price Performance

Shares of Diamondback Energy stock opened at $182.88 on Thursday. The firm has a market capitalization of $51.21 billion, a PE ratio of 25.02 and a beta of 0.49. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 0.26. Diamondback Energy, Inc. has a 12 month low of $137.03 and a 12 month high of $216.90. The business’s 50-day moving average price is $196.55 and its 200-day moving average price is $189.66.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 EPS for the quarter, beating analysts’ consensus estimates of $5.72 by $0.14. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Diamondback Energy had a net margin of 11.03% and a return on equity of 11.86%. The business’s quarterly revenue was up 38.4% on a year-over-year basis. During the same period last year, the business earned $3.08 earnings per share. Sell-side analysts forecast that Diamondback Energy, Inc. will post 21.51 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be paid a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Thursday, November 12th. Diamondback Energy’s payout ratio is 85.77%.

About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. The company’s operations are concentrated in the Permian Basin of West Texas and southeastern New Mexico, particularly the Midland and Delaware Basins.

Diamondback produces crude oil, natural gas and natural gas liquids from horizontal wells and related infrastructure. Its activities include drilling and completing wells, operating gathering and processing assets, and managing midstream services that support production.