Miller Global Investments LLC Purchases Shares of 3,730 Diamondback Energy, Inc. $FANG

Miller Global Investments LLC purchased a new position in Diamondback Energy, Inc. (NASDAQ:FANG) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,730 shares of the oil and natural gas company’s stock, valued at approximately $561,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smead Capital Management Inc. purchased a new stake in shares of Diamondback Energy during the second quarter valued at $144,775,000. Capital Research Global Investors increased its position in shares of Diamondback Energy by 38.0% in the 3rd quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock valued at $543,610,000 after acquiring an additional 1,046,398 shares during the period. Balyasny Asset Management L.P. raised its stake in Diamondback Energy by 2,637.8% in the 3rd quarter. Balyasny Asset Management L.P. now owns 456,686 shares of the oil and natural gas company’s stock worth $65,352,000 after acquiring an additional 440,005 shares during the last quarter. Vanguard Group Inc. raised its stake in Diamondback Energy by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 23,325,287 shares of the oil and natural gas company’s stock worth $3,204,894,000 after acquiring an additional 388,512 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in Diamondback Energy by 1,127.8% during the 3rd quarter. Two Sigma Investments LP now owns 369,568 shares of the oil and natural gas company’s stock worth $52,885,000 after acquiring an additional 339,468 shares during the period. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Diamondback Energy Stock Up 0.3%

Shares of FANG opened at $190.31 on Friday. Diamondback Energy, Inc. has a 52 week low of $114.00 and a 52 week high of $193.75. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $53.53 billion, a price-to-earnings ratio of 33.92 and a beta of 0.59. The stock’s 50-day moving average price is $167.53 and its 200-day moving average price is $153.53.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.26). The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.41 billion. Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The firm’s revenue was down 9.0% on a year-over-year basis. During the same period last year, the business earned $3.67 earnings per share. On average, sell-side analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were issued a dividend of $1.05 per share. 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 annualized dividend and a dividend yield of 2.2%. Diamondback Energy’s payout ratio is presently 74.87%.

Insider Activity

In related news, Chairman Travis D. Stice sold 63,957 shares of the business’s 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the executive vice president directly owned 60,493 shares in the company, valued at $10,888,740. This trade represents a 25.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,209,212 shares of company stock worth $199,689,401. 0.70% of the stock is currently owned by corporate insiders.

More Diamondback Energy News

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

• Positive Sentiment: Multiple banks raised ratings and price targets (large upside signals that boost demand): Raymond James moved its target to $240. Raymond James PT Raise
• Positive Sentiment: Wells Fargo reiterated a positive view and raised its target to $202, supporting buy-side interest. Wells Fargo Note
• Positive Sentiment: Diamondback increased its quarterly dividend to $1.05 (annualized $4.20), raising yield and reinforcing the stock’s income appeal. Dividend Increase
• Neutral Sentiment: Short-interest data shows effectively zero reported short position (likely a data glitch), so short squeezes are not a near‑term factor. (internal filings/data)
• Neutral Sentiment: Analyst/press coverage names Diamondback as a play on higher oil prices while also noting some peers (ConocoPhillips, EOG) currently show stronger liquidity/leverage metrics — useful for relative positioning but not directly negative to FANG. Peer Coverage
• Negative Sentiment: Significant insider selling across multiple executives could cap upside and concerns among some investors: EVP Matt Zmigrosky sold a large block (reported 20,899 shares) and other insiders have sold in recent days. Zmigrosky Sale
• Negative Sentiment: Director Steven E. West sold 6,000 shares (~$1.13M) — filing with the SEC. Steven West SEC Filing
• Negative Sentiment: CAO Teresa L. Dick sold 5,000 shares (~$950k) and CFO Jere Thompson III also trimmed a small position (750 shares) — additional insider dispositions disclosed via SEC filings. Teresa Dick SEC Filing Thompson SEC Filing

Analysts Set New Price Targets

Several analysts have weighed in on FANG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Diamondback Energy in a research note on Monday, December 29th. TD Cowen raised Diamondback Energy to a “strong-buy” rating in a report on Monday, February 9th. Benchmark lowered Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. 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. Finally, UBS Group raised their price target on shares of Diamondback Energy from $194.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Three research 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 company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $195.43.

Diamondback Energy 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.