Key Points
- Director Charles Alvin Meloy sold 7,857 shares of Diamondback on April 6 at an average price of $193.93 for about $1.52M under a pre-arranged Rule 10b5-1 plan, leaving him with 958,435 shares (a 0.81% reduction in his ownership).
- Diamondback missed quarterly estimates (EPS $1.74 vs. $2.00 expected; revenue $3.38B vs. $3.41B) with revenue down ~9% year-over-year, but the company raised its quarterly dividend to $1.05 (annualized $4.20, ~2.3% yield).
- Analysts have generally raised price targets and remain constructive—the average target is about $202.57 with several firms lifting targets (as high as $248) and the consensus skewing toward Buy/Strong Buy ratings.
Diamondback Energy, Inc. (NASDAQ:FANG - Get Free Report) Director Charles Alvin Meloy sold 7,857 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $193.93, for a total transaction of $1,523,708.01. Following the completion of the transaction, the director directly owned 958,435 shares of the company's stock, valued at $185,869,299.55. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Alvin Meloy also recently made the following trade(s):
- On Monday, March 9th, Charles Alvin Meloy sold 7,857 shares of Diamondback Energy stock. The shares were sold at an average price of $183.27, for a total transaction of $1,439,952.39.
- 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 transaction of $9,764,677.60.
Diamondback Energy Price Performance
Shares of NASDAQ:FANG opened at $186.47 on Thursday. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $204.91. The company's 50 day moving average is $179.51 and its 200 day moving average is $159.00. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The company has a market cap of $52.45 billion, a PE ratio of 33.24 and a beta of 0.50.
Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its quarterly 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 during 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% compared to the same quarter last year. On average, sell-side analysts forecast that Diamondback Energy, Inc. will post 15.49 EPS for the current year.
Diamondback Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were issued a $1.05 dividend. This is a boost from Diamondback Energy's previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 5th. This represents a $4.20 annualized dividend and a yield of 2.3%. Diamondback Energy's dividend payout ratio is currently 74.87%.
Institutional Investors Weigh In On Diamondback Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in FANG. Marshall Wace LLP acquired a new stake in shares of Diamondback Energy during the 2nd quarter worth approximately $14,335,000. Brown Advisory Inc. grew its stake in shares of Diamondback Energy by 77.2% during the 2nd quarter. Brown Advisory Inc. now owns 6,971 shares of the oil and natural gas company's stock worth $958,000 after purchasing an additional 3,038 shares during the period. Cresset Asset Management LLC grew its stake in shares of 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 period. Jump Financial LLC acquired a new stake in shares of Diamondback Energy during the 2nd quarter worth approximately $2,301,000. Finally, Gabelli Funds LLC lifted its position in shares of Diamondback Energy by 12.6% during the 2nd quarter. Gabelli Funds LLC now owns 87,485 shares of the oil and natural gas company's stock valued at $12,020,000 after buying an additional 9,785 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on FANG shares. Barclays increased their price target on shares of Diamondback Energy from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, March 16th. Wells Fargo & Company increased their price target on shares of Diamondback Energy from $171.00 to $202.00 and gave the stock an "overweight" rating in a report on Monday, March 16th. Citigroup increased their price target on shares of Diamondback Energy from $178.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, March 30th. Roth Mkm reiterated a "neutral" rating and issued a $200.00 price target (up from $180.00) on shares of Diamondback Energy in a report on Wednesday. Finally, Piper Sandler increased their price target on shares of Diamondback Energy from $215.00 to $248.00 and gave the stock an "overweight" rating in a report on Thursday, March 12th. Five investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $202.57.
View Our Latest Research Report on FANG
Key Stories Impacting Diamondback Energy
Here are the key news stories impacting Diamondback Energy this week:
- Positive Sentiment: Key analyst upgrades and higher targets — KeyCorp/KeyBanc and other research notes raised EPS forecasts and pushed price targets (one $225 target highlighted), reflecting a more constructive view on oil-market dynamics and Diamondback's cash flow profile. A $225 PT for Diamondback Energy Suggests Opportunity
- Positive Sentiment: Tender offers to manage long-term notes — The company launched tender offers for certain long-term debt, which can be viewed as proactive liability management and may reduce refinancing risk if executed favorably. Diamondback Energy Launches Tender Offers for Long-Term Notes
- Neutral Sentiment: Roth MKM reaffirmed a neutral rating but lifted its $ target to $200 — a modest vote of confidence but not a bullish rating change. Benzinga Coverage
- Neutral Sentiment: Insider sale disclosed — A director sold shares under a pre-arranged 10b5-1 plan (large-dollar sale but plan-driven), typically treated as neutral unless followed by more sales. SEC Form 4 Filing
- Negative Sentiment: Crude oil collapse after conditional Iran ceasefire — Headlines show WTI/Brent fell sharply as geopolitical risk eased, triggering broad weakness in oil names and weighing on FANG today. US Equity Indexes Surge, Crude Oil Plummets
- Negative Sentiment: Sector-wide selloff in major integrateds — Coverage notes Exxon, Chevron and peers fell sharply on the same news, signaling a broad re-pricing of energy risk that dragged down midstream/exploration names like Diamondback. Exxon Mobil Stock Is Falling. Why Energy Is Going From Record Gains to a Major Slump.
- Negative Sentiment: Headline coverage of today’s drop — Media pieces flag FANG’s decline alongside the market, reinforcing short-term negative sentiment and volume-led selling pressure. Diamondback Energy (FANG) Stock Sinks As Market Gains
Diamondback Energy Company Profile
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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.
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