SCP Investment LP Acquires 4,000 Shares of Diamondback Energy, Inc. $FANG

SCP Investment LP raised its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 37.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,608 shares of the oil and natural gas company’s stock after purchasing an additional 4,000 shares during the period. Diamondback Energy accounts for about 1.8% of SCP Investment LP’s holdings, making the stock its 11th biggest position. SCP Investment LP’s holdings in Diamondback Energy were worth $2,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Smead Capital Management Inc. purchased a new stake in shares of Diamondback Energy during the 2nd quarter valued at approximately $144,775,000. Capital Research Global Investors grew its stake in Diamondback Energy by 38.0% in the 3rd 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 buying an additional 1,046,398 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Diamondback Energy by 2,637.8% in the 3rd quarter. Balyasny Asset Management L.P. now owns 456,686 shares of the oil and natural gas company’s stock valued at $65,352,000 after buying an additional 440,005 shares in the last quarter. Two Sigma Investments LP raised its holdings in Diamondback Energy by 1,127.8% during the 3rd quarter. Two Sigma Investments LP now owns 369,568 shares of the oil and natural gas company’s stock valued at $52,885,000 after acquiring an additional 339,468 shares during the period. Finally, Ninepoint Partners LP bought a new stake in Diamondback Energy during the 3rd quarter valued at $45,076,000. Institutional investors own 90.01% of the company’s stock.

Key Headlines Impacting 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

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Chairman Travis D. Stice sold 63,957 shares of Diamondback Energy stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $181.16, for a total transaction of $11,586,450.12. Following the transaction, the chairman directly owned 305,314 shares of the company’s stock, valued at approximately $55,310,684.24. This trade represents a 17.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Matt Zmigrosky sold 20,899 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $180.00, for a total transaction of $3,761,820.00. Following the completion of the sale, the executive vice president owned 60,493 shares of the company’s stock, valued at approximately $10,888,740. The trade was a 25.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 186,321 shares of company stock valued at $34,499,475. 0.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FANG shares. Roth Mkm reaffirmed a “neutral” rating and issued a $205.00 price target on shares of Diamondback Energy in a report on Tuesday, May 5th. Freedom Capital raised Diamondback Energy to a “strong-buy” rating in a report on Tuesday, March 10th. Sanford C. Bernstein raised their target price on Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. 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. Finally, KeyCorp boosted their price objective on shares of Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.26.

Diamondback Energy Trading Up 1.7%

Shares of FANG stock opened at $202.40 on Wednesday. The business has a 50-day moving average price of $195.45 and a two-hundred day moving average price of $172.34. Diamondback Energy, Inc. has a 12-month low of $134.30 and a 12-month high of $214.51. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.31. The firm has a market cap of $56.94 billion, a P/E ratio of 235.35 and a beta of 0.42.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, beating the consensus estimate of $3.74 by $0.49. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.54 EPS. Equities analysts anticipate that Diamondback Energy, Inc. will post 19.54 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were given a dividend of $1.10 per share. The ex-dividend date was Thursday, May 14th. 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%. Diamondback Energy’s dividend payout ratio (DPR) is 511.63%.

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.