Resona Asset Management Co. Ltd. Has $8.36 Million Stake in Diamondback Energy, Inc. $FANG

Resona Asset Management Co. Ltd. decreased its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 5.5% during the 4th quarter, HoldingsChannel reports. The fund owned 55,727 shares of the oil and natural gas company’s stock after selling 3,270 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Diamondback Energy were worth $8,360,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cresset Asset Management LLC raised its position in Diamondback Energy by 37.5% during the 2nd quarter. Cresset Asset Management LLC now owns 4,726 shares of the oil and natural gas company’s stock worth $649,000 after purchasing an additional 1,288 shares during the last quarter. Jump Financial LLC bought a new position in Diamondback Energy during the 2nd quarter worth $2,301,000. Cerity Partners LLC raised its position in Diamondback Energy by 13.5% during the 2nd quarter. Cerity Partners LLC now owns 51,104 shares of the oil and natural gas company’s stock worth $7,022,000 after purchasing an additional 6,069 shares during the last quarter. AXA S.A. raised its position in Diamondback Energy by 8.5% during the 2nd quarter. AXA S.A. now owns 52,355 shares of the oil and natural gas company’s stock worth $7,194,000 after purchasing an additional 4,103 shares during the last quarter. Finally, Sei Investments Co. raised its position in Diamondback Energy by 37.1% during the 2nd quarter. Sei Investments Co. now owns 154,582 shares of the oil and natural gas company’s stock worth $21,239,000 after purchasing an additional 41,866 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Stock Performance

FANG stock opened at $200.97 on Friday. The stock has a 50-day moving average price of $193.68 and a 200-day moving average price of $169.68. Diamondback Energy, Inc. has a 1-year low of $132.20 and a 1-year high of $214.51. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. The firm has a market cap of $56.53 billion, a PE ratio of 233.69 and a beta of 0.46.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.49. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the company posted $4.54 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Diamondback Energy, Inc. will post 19.08 earnings per share 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. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.2%. Diamondback Energy’s dividend payout ratio is 511.63%.

Trending Headlines about Diamondback Energy

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

• Positive Sentiment: Zacks Research maintained a Strong-Buy rating and raised several near- to medium-term earnings estimates for Diamondback, including FY2026, Q2 2026, Q3 2026, Q4 2026 and FY2027. This suggests analysts still see solid profitability ahead. Zacks Research estimate updates
• Positive Sentiment: Bernstein reiterated an Outperform rating and lifted its price target on Diamondback, reinforcing the view that the company can benefit from ongoing oil supply concerns and favorable crude pricing. Bernstein Outperform note
• Neutral Sentiment: News flow also highlighted that WTI crude remains above $100, which supports Permian Basin producers like Diamondback Energy, but this is more of an industry tailwind than a company-specific catalyst. Oil above $100 article
• Negative Sentiment: Diamondback’s CAO, Teresa L. Dick, sold 5,000 shares at about $207 each, a modest insider sale that can weigh on sentiment even if it does not necessarily signal a change in fundamentals. SEC insider filing
• Negative Sentiment: Zacks also trimmed some longer-dated earnings forecasts, including Q1 2028, Q2 2027, Q3 2027 and FY2028, which may have contributed to a cautious tone around future growth. Zacks lower estimate updates

Analyst Ratings Changes

Several brokerages recently issued reports on FANG. Raymond James Financial reaffirmed a “strong-buy” rating and set a $242.00 target price on shares of Diamondback Energy in a research report on Monday, April 27th. Citigroup raised their target price on Diamondback Energy from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley raised their target price on Diamondback Energy from $220.00 to $224.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. KeyCorp raised their target price on Diamondback Energy from $196.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Truist Financial set a $242.00 target price on Diamondback Energy in a research report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $219.00.

Insider Transactions at Diamondback Energy

In other news, Director Charles Alvin Meloy sold 7,857 shares of Diamondback Energy stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $183.27, for a total value of $1,439,952.39. Following the completion of the transaction, the director directly owned 974,149 shares of the company’s stock, valued at approximately $178,532,287.23. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven E. West sold 6,000 shares of Diamondback Energy stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total value of $1,130,100.00. Following the completion of the transaction, the director directly owned 4,484 shares of the company’s stock, valued at approximately $844,561.40. This trade represents a 57.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 174,321 shares of company stock worth $32,090,475. Corporate insiders own 0.64% of the company’s stock.

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.