CIBC Private Wealth Group LLC Sells 3,319 Shares of Diamondback Energy, Inc. $FANG

CIBC Private Wealth Group LLC lessened its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 1.8% during the third quarter, Holdings Channel reports. The fund owned 182,138 shares of the oil and natural gas company’s stock after selling 3,319 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Diamondback Energy were worth $26,064,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Smead Capital Management Inc. acquired a new stake in Diamondback Energy in the second quarter worth $144,775,000. Capital Research Global Investors raised its holdings in shares of Diamondback Energy by 38.0% during the third 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 purchasing an additional 1,046,398 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Diamondback Energy by 2,637.8% during 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 purchasing an additional 440,005 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Diamondback Energy by 1.7% during 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 purchasing an additional 388,512 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Diamondback Energy by 1,127.8% in the 3rd quarter. Two Sigma Investments LP now owns 369,568 shares of the oil and natural gas company’s stock valued at $52,885,000 after buying an additional 339,468 shares during the period. 90.01% of the stock is owned by institutional investors.

Diamondback Energy Stock Up 0.3%

Shares of NASDAQ:FANG opened at $190.31 on Friday. The business’s 50 day moving average is $167.53 and its 200 day moving average is $153.53. Diamondback Energy, Inc. has a 12-month low of $114.00 and a 12-month 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 company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.32.

Diamondback Energy (NASDAQ:FANG) last released its quarterly 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). Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the previous year, the company posted $3.67 earnings per share. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, sell-side analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal 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 $1.05 dividend. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, March 5th. Diamondback Energy’s dividend payout ratio is currently 74.87%.

Wall Street Analyst Weigh In

FANG has been the subject of a number of research analyst reports. UBS Group boosted their target price on Diamondback Energy from $194.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Morgan Stanley reduced their price objective on Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Benchmark downgraded Diamondback Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Citigroup lowered their target price on Diamondback Energy from $180.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Finally, Raymond James Financial increased their target price on Diamondback Energy from $210.00 to $240.00 and gave the stock a “strong-buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $195.43.

Trending Headlines about Diamondback Energy

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

Insider Buying and Selling

In other Diamondback Energy news, CAO Teresa L. Dick sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $190.00, for a total value of $950,000.00. Following the completion of the sale, the chief accounting officer directly owned 107,755 shares of the company’s stock, valued at approximately $20,473,450. This represents a 4.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Matt Zmigrosky sold 4,101 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $190.51, for a total transaction of $781,281.51. Following the completion of the sale, the executive vice president owned 56,392 shares of the company’s stock, valued at approximately $10,743,239.92. This trade represents a 6.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,209,212 shares of company stock valued at $199,689,401 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

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.