Diamondback Energy (NASDAQ:FANG) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Diamondback Energy (NASDAQ:FANG) from a sell rating to a hold rating in a report issued on Saturday.

FANG has been the subject of a number of other research reports. UBS Group raised their price objective on shares of Diamondback Energy from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Piper Sandler increased their target price on shares of Diamondback Energy from $215.00 to $248.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. TD Cowen raised shares of Diamondback Energy to a “strong-buy” rating in a report on Monday, February 9th. Freedom Capital upgraded Diamondback Energy to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Zacks Research raised Diamondback Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Five research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $215.70.

Diamondback Energy Stock Down 0.9%

Shares of NASDAQ:FANG opened at $188.70 on Friday. Diamondback Energy has a 1 year low of $132.20 and a 1 year high of $214.51. The company has a market capitalization of $53.08 billion, a PE ratio of 219.42 and a beta of 0.46. The business has a fifty day moving average price of $188.80 and a two-hundred day moving average price of $165.63. 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 earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $0.49. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.54 EPS. Analysts forecast that Diamondback Energy will post 18.88 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. Stockholders of record on Thursday, May 14th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.3%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, May 14th. Diamondback Energy’s payout ratio is presently 511.63%.

Insider Activity at Diamondback Energy

In related news, EVP Matt Zmigrosky sold 4,101 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $190.51, for a total value of $781,281.51. Following the completion of the transaction, the executive vice president directly owned 56,392 shares of the company’s stock, valued at approximately $10,743,239.92. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven E. West sold 6,000 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the completion of the transaction, the director owned 4,484 shares of the company’s stock, valued at $844,561.40. This represents a 57.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 156,464 shares of company stock worth $28,568,431 in the last ninety days. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Diamondback Energy

Several hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Diamondback Energy by 74.1% in the 4th quarter. Wellington Management Group LLP now owns 3,239,837 shares of the oil and natural gas company’s stock worth $487,045,000 after purchasing an additional 1,379,010 shares during the period. EnCap Energy Capital Fund XII L.P. bought a new stake in shares of Diamondback Energy during the fourth quarter valued at about $169,342,000. Smead Capital Management Inc. purchased a new stake in shares of Diamondback Energy in the second quarter worth about $144,775,000. Capital Research Global Investors boosted its position in shares of Diamondback Energy by 38.0% in the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock valued at $543,610,000 after acquiring an additional 1,046,398 shares during the period. Finally, Encompass Capital Advisors LLC bought a new position in shares of Diamondback Energy in the fourth quarter valued at approximately $112,198,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Diamondback Energy

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

• Positive Sentiment: Diamondback Energy beat Q1 earnings and revenue estimates, boosted 2026 production guidance, and raised its dividend by 5%, signaling stronger operating momentum and returning more cash to shareholders. Diamondback Energy Q1 Earnings Beat Estimates, Dividend Raised
• Positive Sentiment: Barclays raised its price target on FANG to $225 from $190 and kept an Overweight rating after the company’s Q1 report, citing stronger-than-expected production. Barclays Raises its Price Target on Diamondback (FANG) to $225
• Positive Sentiment: Scotiabank lifted FY2026 EPS estimates to $20.60 from $18.60 while maintaining a Sector Outperform rating, reinforcing the view that earnings power remains solid. Diamondback Energy Q1 Earnings Beat Estimates, Dividend Raised
• Neutral Sentiment: Several articles compared Diamondback’s year-to-date performance with other energy stocks and highlighted its low-beta profile, which may appeal to investors seeking steadier exposure during market volatility. Is Diamondback Energy (FANG) Outperforming Other Oils-Energy Stocks This Year?
• Negative Sentiment: Scotiabank also trimmed its FY2027 EPS estimate to $14.35 from $14.50, a small caution that longer-term earnings growth could normalize after the strong near-term outlook. Diamondback Energy Q1 Earnings Beat Estimates, Dividend Raised

Diamondback Energy Company Profile

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.