Daiwa Securities Group Inc. Grows Position in Diamondback Energy, Inc. $FANG

Daiwa Securities Group Inc. boosted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,945 shares of the oil and natural gas company’s stock after purchasing an additional 2,805 shares during the period. Daiwa Securities Group Inc.’s holdings in Diamondback Energy were worth $8,410,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FANG. Smead Capital Management Inc. purchased a new position in shares of Diamondback Energy in the second quarter valued at about $144,775,000. Capital Research Global Investors lifted its position in shares of Diamondback Energy by 38.0% in 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 acquiring an additional 1,046,398 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Diamondback Energy by 11.5% in the fourth quarter. Bank of New York Mellon Corp now owns 5,159,365 shares of the oil and natural gas company’s stock valued at $775,607,000 after acquiring an additional 532,756 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Diamondback Energy by 2,637.8% in the third quarter. Balyasny Asset Management L.P. now owns 456,686 shares of the oil and natural gas company’s stock valued at $65,352,000 after acquiring an additional 440,005 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Diamondback Energy by 1,127.8% in the third 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 acquiring an additional 339,468 shares in the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FANG. Scotiabank boosted their price objective on Diamondback Energy from $175.00 to $195.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Truist Financial set a $242.00 price objective on Diamondback Energy in a research report on Wednesday, May 6th. Raymond James Financial restated a “strong-buy” rating and issued a $242.00 price objective on shares of Diamondback Energy in a research report on Monday, April 27th. KeyCorp boosted their price objective on Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Finally, Wells Fargo & Company boosted their price objective on Diamondback Energy from $202.00 to $262.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $223.26.

Key Headlines Impacting Diamondback Energy

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

• Positive Sentiment: Zacks Research and KeyCorp both lifted several near- and longer-term earnings estimates for Diamondback Energy, suggesting analysts still see solid profit potential ahead. Zacks also reiterated a Hold rating, while KeyCorp kept an Overweight rating and a $225 price target.
• Positive Sentiment: Zacks described Diamondback Energy as a strong momentum stock, which may reinforce bullish sentiment around the name. Zacks momentum stock article
• Neutral Sentiment: One article noted that Diamondback Energy has been trading near highs, but the focus was on market activity rather than a direct company-specific catalyst.
• Negative Sentiment: Financial Post reported that the daughter of late wildcatter Autry Stephens is offloading a $2 billion energy stake, including a Diamondback Energy position. Large insider- or major-holder selling can weigh on sentiment because investors may view it as profit-taking after a strong run. Stephens family stake sale in Diamondback Energy

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, EVP Matt Zmigrosky sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $200.54, for a total transaction of $1,002,700.00. Following the sale, the executive vice president directly owned 46,392 shares in the company, valued at $9,303,451.68. This represents a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Teresa L. Dick sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $200.90, for a total value of $1,406,300.00. Following the sale, the chief accounting officer owned 85,755 shares in the company, valued at approximately $17,228,179.50. This trade represents a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 78,464 shares of company stock valued at $14,946,406. Corporate insiders own 0.64% of the company’s stock.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $192.62 on Monday. Diamondback Energy, Inc. has a 1 year low of $134.30 and a 1 year high of $214.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The stock’s 50 day simple moving average is $196.07 and its two-hundred day simple moving average is $173.91. The company has a market cap of $54.19 billion, a PE ratio of 223.98 and a beta of 0.42.

Diamondback Energy (NASDAQ:FANG) last issued 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 analysts’ consensus estimates of $3.74 by $0.49. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the business posted $4.54 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Diamondback Energy, Inc. will post 19.65 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.3%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, May 14th. Diamondback Energy’s dividend payout ratio (DPR) is currently 511.63%.

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.