Diamondback Energy, Inc. (NASDAQ:FANG – Get Free Report) Director Charles Alvin Meloy sold 7,857 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $193.93, for a total transaction of $1,523,708.01. Following the transaction, the director owned 958,435 shares in the company, valued at approximately $185,869,299.55. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Alvin Meloy also recently made the following trade(s):
- On Monday, March 9th, Charles Alvin Meloy sold 7,857 shares of Diamondback Energy stock. The stock was sold at an average price of $183.27, for a total transaction of $1,439,952.39.
- On Tuesday, February 3rd, Charles Alvin Meloy sold 60,605 shares of Diamondback Energy stock. The stock was sold at an average price of $161.12, for a total transaction of $9,764,677.60.
Diamondback Energy Trading Down 4.6%
Shares of FANG stock traded down $9.03 during trading hours on Wednesday, hitting $186.47. 5,399,543 shares of the company were exchanged, compared to its average volume of 2,942,444. The firm has a market cap of $52.45 billion, a PE ratio of 33.24 and a beta of 0.50. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $204.91. 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 firm has a fifty day moving average of $178.98 and a 200 day moving average of $158.80.
Diamondback Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.3%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, March 5th. Diamondback Energy’s dividend payout ratio (DPR) is presently 74.87%.
Key Stories Impacting Diamondback Energy
Here are the key news stories impacting Diamondback Energy this week:
- Positive Sentiment: KeyBanc / KeyCorp raised their price target to $225 and lifted multiple quarterly and FY earnings estimates, upgrading near‑term EPS forecasts substantially — a clear vote of confidence in Diamondback’s cash generation and margin outlook. A $225 PT for Diamondback Energy Suggests Opportunity — But Timing May Be Everything
- Neutral Sentiment: Roth MKM reaffirmed a neutral rating and lifted its $200 target, signaling some upside remains but not enough for a bullish conviction from that shop. Benzinga
- Neutral Sentiment: Recent writeups (Yahoo/Zacks) note Diamondback has outperformed over the past year on low-cost drilling and strong cash flow, but also flag rising costs, reserve revisions and leverage as risks—useful context for longer‑term positioning. Diamondback Energy Gains 56% in a Year: Should You Invest Now?
- Negative Sentiment: Macro/commodity shock: US equity indexes jumped but crude futures plunged after a conditional Iran ceasefire reduced geopolitical risk — a direct headwind for producers like Diamondback and the key reason the stock is down intraday. US Equity Indexes Surge, Crude Oil Plummets as Iran Ceasefire Deal Eases Geopolitical Risk
- Negative Sentiment: Energy‑sector weakness is broad: coverage notes major oil names (Exxon, Chevron) falling and advising investors to expect volatility in oil stocks — amplifying short‑term selling pressure on FANG. Exxon, Chevron, More Oil Stocks Fall. Get Used To It.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Flagship Harbor Advisors LLC purchased a new position in Diamondback Energy in the fourth quarter valued at approximately $25,000. Laurel Wealth Advisors LLC purchased a new position in Diamondback Energy in the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. raised its holdings 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 buying an additional 125 shares during the period. JPL Wealth Management LLC purchased a new position in Diamondback Energy in the third quarter valued at approximately $26,000. Finally, Wellington Shields & Co. LLC grew its position in Diamondback Energy by 264.7% in the fourth quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on FANG shares. Sanford C. Bernstein lowered their price target on Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Wall Street Zen lowered shares of Diamondback Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Susquehanna raised their price target on shares of Diamondback Energy from $182.00 to $199.00 and gave the company a “positive” rating in a report on Wednesday, February 25th. Piper Sandler raised their price target on shares of Diamondback Energy from $215.00 to $248.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Finally, Freedom Capital upgraded shares of Diamondback Energy to a “strong-buy” rating in a report on Tuesday, March 10th. Five research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $202.57.
Get Our Latest Stock Analysis on Diamondback Energy
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.
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