Key Points
- Diamondback Energy CAO Teresa Dick sold 5,000 shares on May 19 at an average price of $207, totaling $1.035 million. After the sale, she still held 92,755 shares worth about $19.2 million.
- The company reported better-than-expected quarterly results on May 4, with EPS of $4.23 versus estimates of $3.74 and revenue of $4.24 billion, above analyst forecasts.
- Diamondback raised its quarterly dividend to $1.10 per share from $1.05, implying an annualized payout of $4.40 and a 2.2% dividend yield.
Diamondback Energy, Inc. (NASDAQ:FANG - Get Free Report) CAO Teresa Dick sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $207.00, for a total value of $1,035,000.00. Following the transaction, the chief accounting officer owned 92,755 shares in the company, valued at approximately $19,200,285. This trade represents a 5.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Diamondback Energy Price Performance
Shares of NASDAQ FANG opened at $200.97 on Friday. The firm has a market cap of $56.54 billion, a P/E ratio of 233.69 and a beta of 0.46. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 1-year low of $132.20 and a 1-year high of $214.51. The business's 50 day moving average is $193.68 and its 200-day moving average is $169.68.
Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.74 by $0.49. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the company earned $4.54 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that Diamondback Energy, Inc. will post 19.08 earnings per share for the current year.
Diamondback Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a $1.10 dividend. 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 dividend yield of 2.2%. Diamondback Energy's dividend payout ratio (DPR) is 511.63%.
Analyst Upgrades and Downgrades
FANG has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on Diamondback Energy from $220.00 to $224.00 and gave the stock an "overweight" rating in a research report on Friday, April 17th. Sanford C. Bernstein increased their target price on Diamondback Energy from $237.00 to $241.00 and gave the company an "outperform" rating in a research report on Monday, May 11th. Piper Sandler increased their target price on Diamondback Energy from $215.00 to $248.00 and gave the company an "overweight" rating in a research report on Thursday, March 12th. Citigroup raised their price objective on Diamondback Energy from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, TD Cowen upgraded Diamondback Energy to a "strong-buy" rating in a research report on Monday, February 9th. Five analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $219.00.
Get Our Latest Report on Diamondback Energy
Key Headlines Impacting Diamondback Energy
Here are the key news stories impacting Diamondback Energy this week:
- Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Diamondback Energy to $18.24 from $16.89, suggesting stronger expected profitability next year. Oil Remains Above $100: Are Permian Stocks a Smart Bet Now?
- Positive Sentiment: Zacks also increased its Q4 2027 EPS estimate to $3.73 from $1.76, which may support a better longer-term earnings outlook. Diamondback Energy Announces Leadership Transition and Board Backing
- Neutral Sentiment: Analyst commentary and screening pieces continue to keep Diamondback in focus as a low-beta Permian energy name, but these articles do not add new fundamental information. 4 Low-Beta Stocks for a Steadier Portfolio: LQDA, XOM, VLO & FANG
- Neutral Sentiment: Broader oil-market coverage remains supportive for Permian producers, with WTI staying elevated and keeping Diamondback in the conversation. Oil Remains Above $100: Are Permian Stocks a Smart Bet Now?
- Negative Sentiment: Diamondback CAO Teresa L. Dick sold 5,000 shares at $207 each, a disclosure that can weigh on sentiment because insider selling may be interpreted as cautious insider behavior. SEC Form 4 Filing
- Negative Sentiment: Zacks trimmed several near-term estimates, including Q1 2028, Q2 2027 and Q3 2027 EPS forecasts, signaling some moderation in expectations despite the firm keeping a Strong-Buy rating. Brokers Suggest Investing in Diamondback (FANG): Read This Before Placing a Bet
Institutional Trading of Diamondback Energy
A number of hedge funds and other institutional investors have recently bought and sold shares of FANG. Cresset Asset Management LLC grew its stake in shares of Diamondback Energy by 37.5% in 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 acquiring an additional 1,288 shares in the last quarter. Jump Financial LLC bought a new position in shares of Diamondback Energy in the second quarter worth $2,301,000. Cerity Partners LLC boosted its holdings in shares of Diamondback Energy by 13.5% in the second quarter. Cerity Partners LLC now owns 51,104 shares of the oil and natural gas company's stock worth $7,022,000 after acquiring an additional 6,069 shares during the period. AXA S.A. increased its holdings 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 acquiring an additional 4,103 shares during the period. Finally, Sei Investments Co. increased its holdings 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 acquiring an additional 41,866 shares during the period. 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.
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