Diamondback Energy (NASDAQ:FANG) EVP Matt Zmigrosky Sells 5,000 Shares of Stock

Diamondback Energy, Inc. (NASDAQ:FANG) EVP Matt Zmigrosky sold 5,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $200.54, for a total value of $1,002,700.00. Following the sale, the executive vice president directly owned 46,392 shares in the company, valued at $9,303,451.68. This represents a 9.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Matt Zmigrosky also recently made the following trade(s):

• On Wednesday, May 13th, Matt Zmigrosky sold 5,000 shares of Diamondback Energy stock. The stock was sold at an average price of $200.10, for a total value of $1,000,500.00.
• On Wednesday, March 18th, Matt Zmigrosky sold 4,101 shares of Diamondback Energy stock. The stock was sold at an average price of $190.51, for a total value of $781,281.51.
• On Friday, March 13th, Matt Zmigrosky sold 20,899 shares of Diamondback Energy stock. The stock was sold at an average price of $180.00, for a total value of $3,761,820.00.

Diamondback Energy Trading Up 1.7%

Shares of NASDAQ:FANG opened at $202.40 on Wednesday. The company has a market capitalization of $56.94 billion, a P/E ratio of 235.35 and a beta of 0.42. Diamondback Energy, Inc. has a 1 year low of $134.30 and a 1 year high of $214.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The business’s 50 day simple moving average is $195.45 and its 200 day simple moving average is $172.34.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.74 by $0.49. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.54 earnings per share. On average, research analysts anticipate that Diamondback Energy, Inc. will post 19.54 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a dividend of $1.10 per share. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, May 14th. Diamondback Energy’s dividend payout ratio (DPR) is currently 511.63%.

Institutional Investors Weigh In On Diamondback Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC bought a new position in shares of Diamondback Energy in the 4th quarter valued at $25,000. Richardson Financial Services Inc. lifted its stake in shares of Diamondback Energy by 245.1% in the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock valued at $26,000 after acquiring an additional 125 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Diamondback Energy in the 4th quarter valued at $26,000. Cedar Mountain Advisors LLC bought a new position in shares of Diamondback Energy in the 1st quarter valued at $26,000. Finally, JPL Wealth Management LLC bought a new position in shares of Diamondback Energy in the 3rd quarter valued at $26,000. 90.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FANG shares. Truist Financial set a $242.00 price target on Diamondback Energy in a research report on Wednesday, May 6th. Zacks Research cut Diamondback Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. The Goldman Sachs Group upped their target price on Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Roth Mkm restated a “neutral” rating and set a $205.00 target price on shares of Diamondback Energy in a research note on Tuesday, May 5th. Finally, UBS Group upped their target price on Diamondback Energy from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Four 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.26.

Trending Headlines about Diamondback Energy

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

• Positive Sentiment: Zacks Research increased its EPS forecasts for Diamondback Energy across multiple periods, including Q1 2027, Q2 2027, Q3 2027 and FY2028, signaling improved earnings outlook. Diamondback Energy (FANG) Is On Jim Cramer’s Radar When It Comes To Oil Stocks
• Positive Sentiment: Jim Cramer highlighted Diamondback Energy as a stock on his radar among oil names, which may be adding visibility and interest from investors. Diamondback Energy (FANG) Is On Jim Cramer’s Radar When It Comes To Oil Stocks
• Neutral Sentiment: Recent analyst coverage reiterated a Hold rating while modestly lifting near- and longer-term earnings estimates, suggesting sentiment is improving but not yet strongly bullish.
• Neutral Sentiment: The company also remains in focus after multiple insider sales by executives, including EVP Matt Zmigrosky and CAO Teresa L. Dick, which can be viewed as routine profit-taking but may temper enthusiasm. SEC filing for Matt Zmigrosky sale SEC filing for Teresa L. Dick sale

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.