Diamondback Energy, Inc. $FANG Stock Position Lessened by Philadelphia Trust Co.

Philadelphia Trust Co. decreased its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 10.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,244 shares of the oil and natural gas company’s stock after selling 6,970 shares during the quarter. Philadelphia Trust Co.’s holdings in Diamondback Energy were worth $10,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Diamondback Energy during the 2nd quarter worth approximately $28,000. Burkett Financial Services LLC bought a new position in shares of Diamondback Energy in the third quarter worth approximately $32,000. Laurel Wealth Advisors LLC purchased a new position in shares of Diamondback Energy in the third quarter worth $32,000. Global Assets Advisory LLC purchased a new position in shares of Diamondback Energy in the first quarter worth $40,000. Finally, J.Safra Asset Management Corp purchased a new position in shares of Diamondback Energy in the second quarter worth $41,000. Hedge funds and other 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: Diamondback and KKR agreed to acquire Five Point Infrastructure’s 70% stake in Deep Blue Midland Basin, which serves the Midland Basin with produced-water infrastructure. Alongside Diamondback’s existing 30% interest, the deal will give the partners full ownership. Greater control of water handling and recycling infrastructure could support operating efficiency and continued investment in the Permian. Article
• Positive Sentiment: Diamondback raised its quarterly base dividend 7.3% to $1.18 per share. The increase, following strong third-quarter revenue and free cash flow, signals confidence in shareholder returns. Article
• Positive Sentiment: A Zacks article cited Diamondback among companies with recent broker-rating upgrades and projected 2026 earnings growth, adding an analyst-related positive to the news flow. Article
• Neutral Sentiment: The company is exploring potential revenue opportunities from rising AI data-center power demand and LNG markets, using its Permian assets and natural-gas resources. These are prospective opportunities, not announced contracts or near-term revenue. Article
• Negative Sentiment: The Deep Blue acquisition involves cash consideration, but the purchase price and Diamondback’s specific funding commitment were not provided in the available reports. That uncertainty makes the deal’s near-term effect on cash flow difficult to assess. Article

Insider Buying and Selling at Diamondback Energy

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $240.00 price objective (up from $221.00) on shares of Diamondback Energy in a research report on Wednesday, September 2nd. UBS Group increased their target price on shares of Diamondback Energy from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. BMO Capital Markets raised their target price on Diamondback Energy from $215.00 to $224.00 and gave the stock an “outperform” rating in a research note on Friday, October 2nd. Seaport Research Partners began coverage on Diamondback Energy in a report on Thursday, September 3rd. They set a “neutral” rating on the stock. Finally, Barclays lowered their price target on Diamondback Energy from $232.00 to $221.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Diamondback Energy presently has a consensus rating of “Moderate Buy” and an average target price of $228.29.

Diamondback Energy Stock Down 0.1%

Shares of NASDAQ:FANG opened at $178.08 on Wednesday. Diamondback Energy, Inc. has a 52-week low of $139.41 and a 52-week high of $216.90. The firm has a market capitalization of $49.71 billion, a P/E ratio of 9.73 and a beta of 0.49. The stock has a 50 day moving average price of $194.88 and a 200-day moving average price of $190.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 0.55.

Diamondback Energy (NASDAQ:FANG) last released its 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. Diamondback Energy had a return on equity of 11.86% and a net margin of 11.03%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter last year, the business posted $3.08 EPS. The firm’s revenue for the quarter was up 38.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Diamondback Energy, Inc. will post 22.57 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 12th will be issued a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.10. The ex-dividend date is Thursday, November 12th. Diamondback Energy’s dividend payout ratio is currently 60.19%.

Diamondback Energy Profile

Diamondback Energy is an independent oil and natural gas company focused on the development and production of energy resources in the Permian Basin, primarily in West Texas and southeastern New Mexico. Its operations include exploration, drilling and production. The company produces crude oil, natural gas and natural gas liquids. Its activities are concentrated in the Midland and Delaware Basin regions, where it develops oil and gas properties and related reserves. Founded in 2007 and headquartered in Midland, Texas, Diamondback has expanded its Permian Basin operations over time, including through acquisitions.