Park National Corp OH Cuts Stake in Diamondback Energy, Inc. $FANG

Park National Corp OH lowered its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 91.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,976 shares of the oil and natural gas company’s stock after selling 22,470 shares during the quarter. Park National Corp OH’s holdings in Diamondback Energy were worth $297,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Scotia Capital Inc. boosted its position in shares of Diamondback Energy by 0.3% during the third quarter. Scotia Capital Inc. now owns 19,719 shares of the oil and natural gas company’s stock worth $2,822,000 after acquiring an additional 68 shares during the last quarter. Equitable Trust Co. increased its holdings in Diamondback Energy by 0.7% in the 3rd quarter. Equitable Trust Co. now owns 10,030 shares of the oil and natural gas company’s stock valued at $1,435,000 after acquiring an additional 73 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in Diamondback Energy by 3.0% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,568 shares of the oil and natural gas company’s stock valued at $367,000 after acquiring an additional 74 shares during the last quarter. Viawealth LLC lifted its stake in Diamondback Energy by 5.0% in the 2nd quarter. Viawealth LLC now owns 1,753 shares of the oil and natural gas company’s stock worth $241,000 after purchasing an additional 83 shares in the last quarter. Finally, Lodestone Wealth Management LLC lifted its stake in Diamondback Energy by 1.2% in the 3rd quarter. Lodestone Wealth Management LLC now owns 7,219 shares of the oil and natural gas company’s stock worth $1,033,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy Stock Performance

Diamondback Energy stock opened at $192.54 on Friday. The company’s 50-day moving average price is $168.44 and its 200-day moving average price is $153.87. 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 cap of $54.16 billion, a PE ratio of 34.32 and a beta of 0.59. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $194.68.

Diamondback Energy (NASDAQ:FANG) last announced 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). The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.41 billion. Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The firm’s revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.67 EPS. On average, equities research analysts forecast that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The business also recently disclosed 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 2.2%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 5th. Diamondback Energy’s dividend payout ratio (DPR) is currently 74.87%.

Insiders Place Their Bets

In related news, Director Steven E. West sold 6,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the sale, the director owned 4,484 shares in the company, valued at approximately $844,561.40. This represents a 57.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jere W. Thompson III sold 750 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $182.47, for a total value of $136,852.50. Following the sale, the chief financial officer owned 19,975 shares in the company, valued at $3,644,838.25. The trade was a 3.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,209,212 shares of company stock worth $199,689,401. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FANG has been the subject of several research reports. Barclays increased their price objective on shares of Diamondback Energy from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Piper Sandler boosted their target price on Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Benchmark lowered Diamondback Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. TD Cowen upgraded Diamondback Energy to a “strong-buy” rating in a report on Monday, February 9th. Finally, Wells Fargo & Company lifted their price objective on Diamondback Energy from $171.00 to $202.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Diamondback Energy currently has a consensus rating of “Buy” and a consensus target price of $195.43.

Diamondback Energy News Summary

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

• Positive Sentiment: Broad analyst endorsement — 26 covering analysts have an average “Buy” rating on FANG, reinforcing institutional confidence and helping momentum. Article Title
• Positive Sentiment: Analyst upgrades / 52‑week high — Recent upgrades pushed FANG to a new 52‑week high, attracting momentum traders and supporting the rally. Article Title
• Positive Sentiment: Dividend increase — The company raised its quarterly payout (now $1.05 per share), improving yield and income appeal for dividend-focused investors.
• Neutral Sentiment: Short‑interest data appears anomalous — Reported short interest showed zero in the recent snapshot (likely a data/reporting issue), so there’s no clear short‑squeeze signal from the published figures.
• Neutral Sentiment: Market coverage roundup — Aggregators highlighted insider selling among several names including FANG; such write‑ups are informational and don’t by themselves prove negative intent. Article Title
• Negative Sentiment: Multiple material insider sales this week — Several executives/directors sold shares (EVP Matt Zmigrosky, CAO Teresa L. Dick, Director Steven E. West), with Zmigrosky’s recent transactions disclosed in SEC filings; clustered insider selling can weigh on sentiment even when attributed to diversification or tax planning. Article Title
• Negative Sentiment: Recent earnings miss — FANG’s latest quarter missed EPS and revenue estimates, which remains a fundamental caution point for some investors despite the subsequent analyst optimism. Article Title

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.