Diamondback Energy, Inc. (NASDAQ:FANG - Get Free Report) Director Charles Alvin Meloy sold 33,333 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $198.41, for a total transaction of $6,613,600.53. Following the transaction, the director owned 818,197 shares in the company, valued at approximately $162,338,466.77. This trade represents a 3.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Alvin Meloy also recently made the following trade(s):
- On Tuesday, June 16th, Charles Alvin Meloy sold 83,334 shares of Diamondback Energy stock. The stock was sold at an average price of $187.12, for a total transaction of $15,593,458.08.
- On Thursday, May 7th, Charles Alvin Meloy sold 7,857 shares of Diamondback Energy stock. The stock was sold at an average price of $189.20, for a total transaction of $1,486,544.40.
Diamondback Energy Price Performance
Shares of FANG opened at $191.87 on Wednesday. The firm has a fifty day simple moving average of $190.69 and a two-hundred day simple moving average of $185.25. The firm has a market cap of $53.97 billion, a PE ratio of 223.11 and a beta of 0.43. 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 $134.30 and a 1-year high of $214.51.
Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.08 by $0.40. Diamondback Energy had a return on equity of 10.11% and a net margin of 8.58%.The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the business posted $2.38 EPS. The company's revenue for the quarter was up 51.2% on a year-over-year basis. On average, equities analysts anticipate that Diamondback Energy, Inc. will post 18.68 EPS for the current year.
Diamondback Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 13th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 13th. Diamondback Energy's dividend payout ratio (DPR) is presently 511.63%.
Institutional Investors Weigh In On Diamondback Energy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FANG. Massachusetts Financial Services Co. MA lifted its stake in shares of Diamondback Energy by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,441,622 shares of the oil and natural gas company's stock valued at $216,719,000 after buying an additional 56,194 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Diamondback Energy by 18.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 139,308 shares of the oil and natural gas company's stock worth $20,942,000 after buying an additional 21,575 shares in the last quarter. Eagle Global Advisors LLC purchased a new stake in Diamondback Energy in the 4th quarter worth $5,472,000. Hsbc Holdings PLC raised its holdings in Diamondback Energy by 16.3% during the fourth quarter. Hsbc Holdings PLC now owns 338,577 shares of the oil and natural gas company's stock valued at $50,890,000 after acquiring an additional 47,450 shares during the period. Finally, Assetmark Inc. raised its holdings in Diamondback Energy by 16.1% during the fourth quarter. Assetmark Inc. now owns 297,945 shares of the oil and natural gas company's stock valued at $44,790,000 after acquiring an additional 41,307 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have recently weighed in on FANG. Mizuho increased their price objective on shares of Diamondback Energy from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 27th. Zacks Research cut shares of Diamondback Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 28th. Morgan Stanley decreased their price target on shares of Diamondback Energy from $229.00 to $216.00 and set an "overweight" rating on the stock in a research report on Monday, June 29th. Citigroup dropped their price target on shares of Diamondback Energy from $245.00 to $221.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Finally, Wells Fargo & Company set a $237.00 price objective on Diamondback Energy in a research note on Tuesday. Four analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Diamondback Energy presently has a consensus rating of "Buy" and a consensus price target of $219.25.
View Our Latest Research Report on Diamondback Energy
Trending Headlines about Diamondback Energy
Here are the key news stories impacting Diamondback Energy this week:
- Positive Sentiment: Strong Q2 earnings beat: Diamondback reported adjusted earnings of $6.48 per share, above the roughly $5.96–$6.08 consensus range, while revenue rose 51.2% year over year to $5.56 billion, exceeding estimates. Diamondback Energy Second-Quarter 2026 Results
- Positive Sentiment: Higher production outlook: Output surpassed 1 million barrels of oil equivalent per day for the first time, prompting Diamondback to raise its 2026 production forecast without increasing capital spending. Analysts cited stronger production, lower costs and free cash flow as reasons to maintain Buy ratings. Diamondback Raises 2026 Output Forecast
- Positive Sentiment: Capital returns and oil prices: The company announced a $1.10 quarterly dividend, equivalent to an annualized yield of approximately 2.2%, and has expanded its share-repurchase authorization. Elevated crude prices linked to geopolitical tensions could further support cash flow and earnings. Diamondback Lifts Production Guidance
- Neutral Sentiment: Valuation is less compelling: After a 214.5% five-year share-price gain, valuation measures suggest FANG is closer to fairly valued than clearly undervalued. Goldman Sachs and Siebert Williams Shank retained Buy ratings, with targets near the current trading range, limiting the potential for an immediate analyst-driven rally. Diamondback Valuation Review
- Negative Sentiment: Director sale adds pressure: Director Charles Alvin Meloy sold 33,333 shares for approximately $6.6 million. The transaction was executed under a pre-arranged Rule 10b5-1 plan, reducing its significance as a discretionary bearish signal, but it may still weigh on sentiment. Diamondback Director Form 4 Filing
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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