EverSource Wealth Advisors LLC Boosts Stock Position in Diamondback Energy, Inc. $FANG

EverSource Wealth Advisors LLC increased its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 11.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 67,977 shares of the oil and natural gas company’s stock after buying an additional 6,992 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Diamondback Energy were worth $10,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Diamondback Energy in the 4th quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Diamondback Energy in the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. grew its stake in shares of Diamondback Energy by 245.1% in the 4th 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 last quarter. JPL Wealth Management LLC purchased a new stake in shares of Diamondback Energy in the 3rd quarter worth approximately $26,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Diamondback Energy in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Oil prices remain elevated, which is helping Permian Basin producers like Diamondback Energy. One article noted that higher WTI and more gas production per barrel could be a tailwind for FANG’s revenue and cash flow. Article link
• Positive Sentiment: Broader energy coverage also highlighted Diamondback as a beneficiary if oil supply stays tight, with commentary suggesting U.S. energy stocks could continue to outperform as global reserves are drawn down. Article link
• Neutral Sentiment: Diamondback’s recent earnings beat and dividend increase continue to support the stock’s fundamental case, but these were already known from the company’s latest quarterly report and are not new catalysts.
• Negative Sentiment: Diamondback CAO Teresa L. Dick sold 5,000 shares at $207 each, which can weigh on investor sentiment because insider selling is often viewed cautiously. SEC Form 4 filing
• Negative Sentiment: Zacks Research trimmed several near- and medium-term earnings estimates for FANG, including Q2 2027, Q3 2027, Q1 2028 and FY2028, signaling somewhat softer expectations even though the firm kept a Strong-Buy rating. Zacks analyst note

Analyst Upgrades and Downgrades

FANG has been the topic of several recent research reports. Barclays upped their price target on Diamondback Energy from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Morgan Stanley upped their price target on Diamondback Energy from $224.00 to $229.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Research raised Diamondback Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Freedom Capital raised Diamondback Energy to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, UBS Group upped their price objective on Diamondback Energy from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Five investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Diamondback Energy currently has a consensus rating of “Buy” and an average price target of $221.84.

Diamondback Energy Stock Performance

FANG stock opened at $200.71 on Friday. The stock has a market capitalization of $56.46 billion, a PE ratio of 233.39 and a beta of 0.46. Diamondback Energy, Inc. has a 12-month low of $133.75 and a 12-month high of $214.51. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $194.16 and its 200 day simple moving average is $169.89.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.49. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.54 EPS. As a group, research analysts forecast that Diamondback Energy, Inc. will post 19.08 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a $1.10 dividend. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.2%. Diamondback Energy’s payout ratio is currently 511.63%.

Insiders Place Their Bets

In other news, EVP Matt Zmigrosky sold 20,899 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $180.00, for a total transaction of $3,761,820.00. Following the transaction, the executive vice president directly owned 60,493 shares of the company’s stock, valued at $10,888,740. This represents a 25.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis D. Stice sold 63,957 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $181.16, for a total value of $11,586,450.12. Following the transaction, the chairman directly owned 305,314 shares in the company, valued at $55,310,684.24. The trade was a 17.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 174,321 shares of company stock worth $32,090,475 in the last three months. Corporate insiders own 0.64% of the company’s stock.

Diamondback Energy Company Profile

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.