Diamondback Energy, Inc. $FANG Stock Position Increased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 14.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 60,952 shares of the oil and natural gas company’s stock after acquiring an additional 7,680 shares during the period. Rakuten Investment Management Inc.’s holdings in Diamondback Energy were worth $11,212,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of FANG. BlackRock Inc. purchased a new stake in Diamondback Energy in the 2nd quarter worth approximately $3,303,362,000. Wellington Management Group LLP increased its holdings in Diamondback Energy by 31.3% in the 2nd quarter. Wellington Management Group LLP now owns 16,420,247 shares of the oil and natural gas company’s stock worth $2,886,351,000 after acquiring an additional 3,918,943 shares in the last quarter. State Street Corp raised its position in shares of Diamondback Energy by 4.2% during the 2nd quarter. State Street Corp now owns 12,562,224 shares of the oil and natural gas company’s stock worth $2,208,188,000 after purchasing an additional 510,281 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Diamondback Energy in the second quarter worth approximately $852,791,000. Finally, Bank of America Corp DE boosted its stake in Diamondback Energy by 4.5% during the 1st quarter. Bank of America Corp DE now owns 1,368,069 shares of the oil and natural gas company’s stock worth $270,590,000 after purchasing an additional 59,023 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Price Performance

Shares of FANG 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 stock’s 50 day moving average is $196.55 and its two-hundred day moving average is $189.66. Diamondback Energy, Inc. has a twelve month low of $137.03 and a twelve month high of $216.90. 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 (NASDAQ:FANG) last issued its earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.14. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $4.60 billion. Diamondback Energy had a net margin of 11.03% and a return on equity of 11.86%. The firm’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.08 earnings per share. Research analysts anticipate that Diamondback Energy, Inc. will post 21.51 earnings per share for the current year.

Diamondback Energy Increases Dividend

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

Analyst Ratings Changes

Several research firms recently commented on FANG. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $240.00 price target (up from $221.00) on shares of Diamondback Energy in a report on Wednesday, September 2nd. Wolfe Research restated an “outperform” rating and set a $206.00 price target on shares of Diamondback Energy in a research note on Tuesday, August 4th. Susquehanna lifted their price objective on shares of Diamondback Energy from $255.00 to $265.00 in a report on Wednesday, August 5th. Seaport Research Partners began coverage on Diamondback Energy in a research report on Thursday, September 3rd. They set a “neutral” rating for the company. Finally, Weiss Ratings raised shares of Diamondback Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.29.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Director Charles Meloy sold 33,333 shares of the business’s stock in a transaction dated 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 owned 759,864 shares of the company’s stock, valued at approximately $139,617,411.36. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis Stice sold 75,000 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $204.31, for a total value of $15,323,250.00. Following the sale, the director owned 49,727 shares of the company’s stock, valued at $10,159,723.37. The trade was a 60.13% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.64% of the company’s stock.

Diamondback Energy News Summary

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.

Diamondback Energy Company Profile

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.