Diamondback Energy (NASDAQ:FANG) EVP Sells $781,281.51 in Stock

March 20, 2026 by InsiderTrades.com

Key Points

EVP Matt Zmigrosky sold 4,101 shares on March 18 for $781,281.51 (at $190.51/share) and had sold 20,899 shares on March 13 for $3.76M, reducing his holding about 6.78% to 56,392 shares (~$10.74M).
Diamondback missed quarterly expectations with EPS of $1.74 vs. $2.00 and revenue down 9% YoY to $3.38B, and the company raised its quarterly dividend to $1.05 (annualized $4.20, yield ~2.2%).
Market and analyst view: the stock trades with a market cap of about $53.5B and a PE near 33.9, and analysts on average rate the shares a "Buy" with a mean price target of roughly $195.43.

Diamondback Energy, Inc. (NASDAQ:FANG - Get Free Report) EVP Matt Zmigrosky sold 4,101 shares of the company's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $190.51, for a total transaction of $781,281.51. Following the completion of the sale, the executive vice president owned 56,392 shares of the company's stock, valued at approximately $10,743,239.92. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Insider Selling: CRWV, DELL & FANG See +$100M in 2026 Sales

Matt Zmigrosky also recently made the following trade(s):

On Friday, March 13th, Matt Zmigrosky sold 20,899 shares of Diamondback Energy stock. The stock was sold at an average price of $180.00, for a total transaction of $3,761,820.00.

Diamondback Energy Trading Up 0.3%

NASDAQ FANG opened at $190.31 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.42. The firm has a market cap of $53.53 billion, a PE ratio of 33.92 and a beta of 0.59. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $193.75. The firm's fifty day moving average is $167.53 and its two-hundred day moving average is $153.53.

Diamondback Sees Resilient Demand Despite Cautious Guidance

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.26). Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the company posted $3.67 EPS. Diamondback Energy's quarterly revenue was down 9.0% on a year-over-year basis. Analysts expect that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $4.20 annualized dividend and a yield of 2.2%. This is a boost from Diamondback Energy's previous quarterly dividend of $1.00. Diamondback Energy's dividend payout ratio (DPR) is currently 74.87%.

Wall Street Analysts Forecast Growth

End the Year Strong With These 3 Comeback Champions

Several research analysts have weighed in on FANG shares. Roth Mkm reiterated a "buy" rating and issued a $180.00 target price on shares of Diamondback Energy in a research note on Tuesday, February 24th. Barclays increased their price target on Diamondback Energy from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday. Weiss Ratings reiterated a "hold (c)" rating on shares of Diamondback Energy in a research report on Monday, December 29th. Susquehanna boosted their price objective on shares of Diamondback Energy from $182.00 to $199.00 and gave the company a "positive" rating in a research note on Wednesday, February 25th. Finally, Wall Street Zen downgraded shares of Diamondback Energy from a "hold" rating to a "sell" rating in a research report on Saturday, December 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $195.43.

Check Out Our Latest Analysis on FANG

Diamondback Energy News Summary

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

Positive Sentiment: Broad analyst support — Market sentiment is bullish after 26 covering analysts average a “Buy” rating for Diamondback, reinforcing investor confidence and helping lift the stock. Read More.
Positive Sentiment: Citi reiterates its Buy rating — Citi stuck with its buy call this week, providing another institutional endorsement that likely supported the rally. Read More.
Positive Sentiment: Analyst upgrade drove a 52‑week high — Recent upgrades pushed FANG to a new 52‑week high, which can attract momentum traders and funds tracking outperformers. Read More.
Neutral Sentiment: Short-interest data shows anomalies — Reported short interest was shown as zero (data appears inconsistent), so there’s no clear short-squeeze pressure signaled by the figures. (Reported volume-based ratio also reads as 0.0 days.)
Neutral Sentiment: Market commentary on insider selling — A MarketBeat roundup highlighted insider sales across several names including FANG; these write-ups are informational but don’t on their own prove negative insider intent. Read More.
Negative Sentiment: Multiple insider sales disclosed — Several officers and a director sold shares this week (Steven E. West, Teresa L. Dick, EVP Matt Zmigrosky among others), representing meaningful reductions in individual holdings and potentially weighing on sentiment. See SEC filings and coverage of Zmigrosky’s larger sale for details. Read More. Read More.

Hedge Funds Weigh In On Diamondback Energy

A number of large investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC purchased a new stake in Diamondback Energy during the fourth quarter worth about $25,000. Richardson Financial Services Inc. grew its position in Diamondback Energy by 245.1% during the fourth quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company's stock worth $26,000 after buying an additional 125 shares during the period. Laurel Wealth Advisors LLC purchased a new position in Diamondback Energy in the fourth quarter valued at about $26,000. JPL Wealth Management LLC purchased a new position in Diamondback Energy in the third quarter valued at about $26,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Diamondback Energy by 106.3% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company's stock valued at $28,000 after acquiring an additional 102 shares during the period. Hedge funds and other institutional investors own 90.01% of the company's stock.

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.