Meeder Advisory Services Inc. Makes New Investment in Diamondback Energy, Inc. $FANG

Meeder Advisory Services Inc. purchased a new position in Diamondback Energy, Inc. (NASDAQ:FANG) in the second quarter, HoldingsChannel reports. The fund purchased 3,845 shares of the oil and natural gas company’s stock, valued at approximately $676,000.

Several other institutional investors have also recently added to or reduced their stakes in FANG. Hsbc Holdings PLC boosted its stake in Diamondback Energy by 16.3% in the 4th quarter. Hsbc Holdings PLC now owns 338,577 shares of the oil and natural gas company’s stock worth $50,890,000 after purchasing an additional 47,450 shares during the period. Guinness Asset Management LTD grew its position in Diamondback Energy by 12.0% during the 4th quarter. Guinness Asset Management LTD now owns 54,132 shares of the oil and natural gas company’s stock worth $8,042,000 after purchasing an additional 5,816 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Diamondback Energy by 1,127.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 26,907 shares of the oil and natural gas company’s stock valued at $4,045,000 after purchasing an additional 24,715 shares during the period. Peterson Wealth Services raised its stake in Diamondback Energy by 174.2% during the 4th quarter. Peterson Wealth Services now owns 23,973 shares of the oil and natural gas company’s stock valued at $3,604,000 after purchasing an additional 15,229 shares during the period. Finally, National Pension Service lifted its holdings in shares of Diamondback Energy by 7.7% in the fourth quarter. National Pension Service now owns 381,710 shares of the oil and natural gas company’s stock valued at $57,382,000 after purchasing an additional 27,229 shares in the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $211.02 on Friday. The business has a 50 day moving average price of $191.42 and a 200 day moving average price of $189.07. Diamondback Energy, Inc. has a twelve month low of $134.30 and a twelve month high of $216.90. The company has a market cap of $59.09 billion, a price-to-earnings ratio of 41.13 and a beta of 0.43. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.25.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.08 by $0.40. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The firm had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the firm earned $2.38 EPS. The business’s revenue was up 51.2% on a year-over-year basis. Research analysts predict that Diamondback Energy, Inc. will post 19.3 earnings per share for the current year.

Diamondback Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, August 13th. Diamondback Energy’s dividend payout ratio is currently 85.77%.

Insider Buying and Selling

In other Diamondback Energy news, Director Charles Alvin Meloy sold 33,333 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $198.41, for a total value of $6,613,600.53. Following the sale, the director directly owned 818,197 shares in the company, valued at $162,338,466.77. This represents a 3.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Matt Zmigrosky sold 5,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $200.54, for a total transaction of $1,002,700.00. Following the completion of the sale, the executive vice president directly owned 46,392 shares in the company, valued at approximately $9,303,451.68. The trade was a 9.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 129,167 shares of company stock valued at $24,714,309. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FANG. Wall Street Zen raised Diamondback Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Mizuho upped their price target on Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Susquehanna increased their price objective on Diamondback Energy from $245.00 to $255.00 and gave the stock a “positive” rating in a research note on Tuesday, July 21st. Truist Financial raised their price objective on Diamondback Energy from $220.00 to $224.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Roth Capital set a $212.00 target price on Diamondback Energy and gave the company a “buy” rating in a research note on Monday, June 22nd. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $222.21.

More Diamondback Energy News

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

• Positive Sentiment: Record production and stronger outlook: Diamondback surpassed 1 million barrels of oil equivalent per day, reported record quarterly revenue and earnings, raised its guidance and doubled its share-repurchase authorization. The results reinforce the company’s growth profile and support the bullish analyst consensus. Diamondback Hits a Milestone at Just the Right Time
• Positive Sentiment: Energy-sector momentum: FANG was identified among energy stocks breaking out as the broader market focused on geopolitical developments involving Iran. Stronger energy prices or investor rotation into the sector can provide a near-term tailwind for Diamondback’s shares. Stock Market Today: Dow Falls on Trump’s Economic D-Day Threat
• Neutral Sentiment: Analyst rating unchanged: Morgan Stanley reaffirmed its “Equal Weight” rating and set a $216 price target, implying only modest upside from the referenced trading level. The target provides valuation support but does not represent a strong bullish revision. Morgan Stanley analyst coverage
• Neutral Sentiment: Pipeline investment story under review: Coverage of Diamondback’s Permian-to-Katy gas pipeline investment highlights how the project is changing the company’s longer-term investment narrative, though the supplied report does not provide specific financial changes or updated guidance. How Diamondback’s Permian-to-Katy Gas Pipeline Bet Has Changed Its Investment Story
• Negative Sentiment: Lower forward earnings estimates: Zacks Research cut its estimates for several future periods, including Q3 and Q4 2026, FY2026 and FY2027. Its FY2026 forecast fell to $16.52 per share from $18.11, while FY2027 declined to $14.95 from $16.42. Zacks maintained a “Hold” rating, signaling concerns about future earnings momentum despite the company’s recent results.

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.