Diamondback Energy (NASDAQ:FANG) Director Charles Alvin Meloy Sells 7,857 Shares

March 12, 2026 by InsiderTrades.com

Key Points

Director Charles Alvin Meloy sold 7,857 shares at an average price of $183.27 on March 9 for about $1.44M, trimming his stake to 974,149 shares (a 0.8% reduction); he also sold 60,605 shares on Feb. 3.
A large underwritten secondary by SGF FANG Holdings (11.0M shares, ~ $1.9B) plus recent multi‑million‑dollar insider sales has increased float and generated negative sentiment that could pressure the share price.
Diamondback missed quarterly estimates (EPS $1.74 vs. $2.00; revenue $3.38B, down 9% YoY) but raised its quarterly dividend to $1.05 (annualized $4.20, ~2.4% yield).

Diamondback Energy, Inc. (NASDAQ:FANG - Get Free Report) Director Charles Alvin Meloy sold 7,857 shares of the business's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $183.27, for a total transaction of $1,439,952.39. Following the sale, the director directly owned 974,149 shares of the company's stock, valued at approximately $178,532,287.23. The trade was a 0.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Diamondback Sees Resilient Demand Despite Cautious Guidance

Charles Alvin Meloy also recently made the following trade(s):

On Tuesday, February 3rd, Charles Alvin Meloy sold 60,605 shares of Diamondback Energy stock. The shares were sold at an average price of $161.12, for a total value of $9,764,677.60.

Diamondback Energy Price Performance

Diamondback Energy stock traded up $2.04 during mid-day trading on Thursday, hitting $178.68. The stock had a trading volume of 323,921 shares, compared to its average volume of 2,658,775. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $186.65. The firm's 50 day moving average is $163.00 and its 200 day moving average is $151.99. The firm has a market capitalization of $50.40 billion, a P/E ratio of 31.88 and a beta of 0.59.

End the Year Strong With These 3 Comeback Champions

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.26). Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period last year, the company earned $3.67 EPS. The firm's revenue for the quarter was down 9.0% on a year-over-year basis. On average, sell-side analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th will be issued a $1.05 dividend. The ex-dividend date is Thursday, March 5th. This is a positive change from Diamondback Energy's previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 2.4%. Diamondback Energy's dividend payout ratio (DPR) is currently 74.87%.

Diamondback Energy News Summary

3 Companies to Watch as Natural Gas Stocks Make a Comeback

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

Positive Sentiment: Goldman Sachs raised its price target on FANG to $212 and kept a "buy" rating, signaling confidence in Diamondback’s medium-term fundamentals and giving upside support to the stock. Goldman Sachs price target raise
Neutral Sentiment: Short-interest data reported is effectively zero or inconsistent in recent prints (days-to-cover ~0.0), which suggests no clear short-covering pressure is influencing intraday moves. (Data may be reporting artifacts.)
Neutral Sentiment: Zacks published mixed updates: several near-term (Q1–Q3 FY2026) EPS estimates were lowered while some later-quarter and FY2027 estimates were raised — a split view that creates uncertainty around near-term earnings but indicates stronger later-year expectations. Zacks Research Forecasts
Negative Sentiment: SGF FANG Holdings launched and priced an underwritten secondary offering of 11,000,000 shares (gross proceeds ~ $1.9B); Diamondback will not receive proceeds. Large secondary supply from the largest shareholder increases float and put downward pressure on the share price. Secondary offering priced (GlobeNewswire)
Negative Sentiment: Coverage and headlines emphasize the large selling by the largest shareholder (11M-share sale) and the perception of dilution/supply, driving negative sentiment and intra-session weakness. Largest shareholder share sale (Yahoo)
Negative Sentiment: Senior insiders (Chairman Travis Stice and Director Charles Meloy) disclosed multi-million-dollar sales in recent Form 4 filings, which investors often view as a negative signal when combined with a large third-party offering. Chairman insider sale (SEC) Director insider sale (SEC)
Negative Sentiment: Press coverage flags executive selling during the prior rally and links the pullback to weaker oil & gas prices and the equity raise, reinforcing bearish investor sentiment. Executives sold into rally (MarketWatch)

Analyst Upgrades and Downgrades

Several research firms recently commented on FANG. UBS Group raised their price target on shares of Diamondback Energy from $194.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. TD Cowen raised shares of Diamondback Energy to a "strong-buy" rating in a research note on Monday, February 9th. Piper Sandler reduced their price objective on Diamondback Energy from $218.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, March 5th. Morgan Stanley dropped their price target on Diamondback Energy from $183.00 to $171.00 and set an "overweight" rating on the stock in a research report on Friday, January 23rd. Finally, Roth Mkm restated a "buy" rating and issued a $180.00 price objective on shares of Diamondback Energy in a report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $190.10.

Read Our Latest Report on FANG

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FANG. Commerzbank Aktiengesellschaft FI boosted its position in Diamondback Energy by 233.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 12,673 shares of the oil and natural gas company's stock valued at $1,814,000 after buying an additional 8,877 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Diamondback Energy by 9.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,733 shares of the oil and natural gas company's stock worth $16,848,000 after acquiring an additional 10,289 shares in the last quarter. Moloney Securities Asset Management LLC bought a new stake in Diamondback Energy during the 3rd quarter worth approximately $472,000. Massachusetts Financial Services Co. MA increased its holdings in Diamondback Energy by 9.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,385,428 shares of the oil and natural gas company's stock valued at $198,255,000 after purchasing an additional 122,921 shares in the last quarter. Finally, WoodTrust Financial Corp bought a new position in Diamondback Energy in the 3rd quarter valued at $1,624,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

About Diamondback Energy

(Get Free Report)

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.