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

Diamondback Energy, Inc. (NASDAQ:FANG) EVP Matt Zmigrosky sold 4,101 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $190.51, for a total value of $781,281.51. Following the sale, the executive vice president owned 56,392 shares of the company’s stock, valued at $10,743,239.92. The trade was a 6.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

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

Diamondback Energy Price Performance

FANG traded up $0.63 on Thursday, hitting $190.31. 3,251,476 shares of the company’s stock were exchanged, compared to its average volume of 2,793,750. Diamondback Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $193.75. The stock has a market cap of $53.53 billion, a price-to-earnings ratio of 33.92 and a beta of 0.59. The firm has a 50-day moving average price of $166.68 and a 200-day moving average price of $153.28. 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 (NASDAQ:FANG) last issued its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.41 billion. Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. Diamondback Energy’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the company earned $3.67 earnings per share. As a group, equities analysts anticipate that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were paid a $1.05 dividend. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $4.20 dividend on an annualized basis and a yield of 2.2%. Diamondback Energy’s dividend payout ratio is 74.87%.

Hedge Funds Weigh In On Diamondback Energy

Several large investors have recently made changes to their positions in FANG. Flagship Harbor Advisors LLC purchased a new position in shares of Diamondback Energy during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. raised its position in Diamondback Energy by 245.1% in the fourth quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Diamondback Energy during the fourth quarter worth $26,000. JPL Wealth Management LLC purchased a new position in shares of Diamondback Energy during the third quarter worth $26,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Diamondback Energy by 106.3% in the third 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 buying an additional 102 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy News Roundup

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

• Positive Sentiment: Several firms raised price targets and reiterations surfaced this week (Raymond James raised its PT to $240; UBS, Wells Fargo and others boosted targets), supporting upside expectations and likely fueling buying interest. Raymond James PT Raise
• Positive Sentiment: Macro/sector tailwinds: Bank of America and other outlets highlighted a tighter oil supply outlook (Strait of Hormuz disruptions) that lifts the U.S. energy outlook and makes Permian producers like Diamondback attractive. BofA Oil Outlook
• Positive Sentiment: Dividend increase: the company recently raised its quarterly dividend to $1.05 (annualized $4.20, ~2.2% yield), which can support investor demand from income-focused holders. Dividend Announcement
• Neutral Sentiment: Short interest data reported no material short position (short-interest ratio ~0 days), which suggests limited short-squeeze dynamics but also little bearish positioning to unwind. (Data point: March 19 short interest update.)
• Negative Sentiment: Large insider selling: EVP Matt Zmigrosky disclosed a sizeable sale (reported filings show cumulative sales — including a 20,899-share disposition), which may concern some investors about insider conviction. Zmigrosky SEC Filing
• Negative Sentiment: Additional insider sales: CAO Teresa L. Dick sold 5,000 shares (~$950k) and CFO Jere Thompson III sold 750 shares; multiple insider dispositions in a short window can weigh on sentiment despite being common for tax or diversification reasons. Teresa Dick SEC Filing Thompson SEC Filing

Wall Street Analyst Weigh In

FANG has been the topic of a number of recent research reports. UBS Group boosted their price objective on Diamondback Energy from $194.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Morgan Stanley reduced their price target on Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Citigroup lowered their price target on shares of Diamondback Energy from $180.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Diamondback Energy in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $195.43.

About Diamondback Energy

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.