Insider Selling: Diamondback Energy (NASDAQ:FANG) CAO Sells 7,000 Shares of Stock

Diamondback Energy, Inc. (NASDAQ:FANG) CAO Teresa Dick sold 7,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total transaction of $1,406,300.00. Following the transaction, the chief accounting officer directly owned 85,755 shares in the company, valued at approximately $17,228,179.50. This represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Diamondback Energy Trading Up 1.8%

Shares of Diamondback Energy stock traded up $3.49 during trading hours on Tuesday, hitting $202.52. The company’s stock had a trading volume of 1,818,792 shares, compared to its average volume of 2,206,683. Diamondback Energy, Inc. has a 1-year low of $134.30 and a 1-year high of $214.51. The business has a fifty day moving average of $195.45 and a 200 day moving average of $172.34. The company has a market capitalization of $56.97 billion, a PE ratio of 231.43 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.31.

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

Diamondback Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FANG shares. Barclays raised their price target on shares of Diamondback Energy from $225.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. KeyCorp raised their price target on shares of Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Benchmark lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Citigroup raised their price target on shares of Diamondback Energy from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Freedom Capital raised shares of Diamondback Energy to a “strong-buy” rating in a report on Tuesday, March 10th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.26.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA lifted its position in Diamondback Energy by 1.4% in the 1st quarter. Glenmede Trust Co. NA now owns 6,944 shares of the oil and natural gas company’s stock valued at $1,373,000 after purchasing an additional 94 shares during the last quarter. Summit Financial Wealth Advisors LLC bought a new stake in Diamondback Energy in the 1st quarter valued at about $370,000. BankChampaign National Association bought a new stake in Diamondback Energy in the 1st quarter valued at about $413,000. Western Wealth Management LLC bought a new stake in Diamondback Energy in the 1st quarter valued at about $970,000. Finally, Bank of America Corp DE lifted its position in Diamondback Energy by 4.5% in the 1st quarter. Bank of America Corp DE now owns 1,368,069 shares of the oil and natural gas company’s stock valued at $270,590,000 after purchasing an additional 59,023 shares during the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy News Roundup

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

• Positive Sentiment: Zacks Research lifted earnings estimates for Diamondback Energy across multiple future periods, including Q1 2027, Q2 2027, Q3 2027, Q1 2028, and FY2028, which suggests analysts see stronger profitability ahead.
• Neutral Sentiment: Zacks Research maintained a Hold rating, so the updated forecasts are constructive but not a full bullish endorsement.
• Positive Sentiment: Recent coverage also highlighted Diamondback Energy on Jim Cramer’s radar among oil stocks, which may have added attention to the name and kept investor interest elevated. Article Title

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.