Teresa Dick Sells 7,000 Shares of Diamondback Energy (NASDAQ:FANG) Stock

Diamondback Energy, Inc. (NASDAQ:FANG) CAO Teresa Dick sold 7,000 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer directly owned 85,755 shares in the company, valued at $17,228,179.50. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Diamondback Energy Price Performance

Shares of FANG opened at $210.59 on Thursday. The firm has a market capitalization of $59.24 billion, a price-to-earnings ratio of 244.87 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.55 and a current ratio of 0.56. Diamondback Energy, Inc. has a one year low of $134.30 and a one year high of $214.51. The stock’s fifty day moving average is $196.02 and its 200-day moving average is $173.21.

Diamondback Energy (NASDAQ:FANG) last issued its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $4.54 earnings per share. Equities analysts anticipate that Diamondback Energy, Inc. will post 19.54 EPS for the current year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, May 14th. Diamondback Energy’s dividend payout ratio is 511.63%.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Zacks Research raised Diamondback’s earnings estimates for several future periods, including Q1 2027, Q2 2027, Q3 2027, and FY2028, suggesting a better profit outlook for the oil producer.
• Positive Sentiment: Diamondback is also benefiting from broader optimism around oil prices, including commentary from Exxon that points to potentially very strong Permian Basin economics if crude remains elevated.
• Positive Sentiment: Recent analyst coverage remains constructive overall, with the stock carrying a “Moderate Buy” consensus and several firms maintaining bullish targets.
• Neutral Sentiment: Jim Cramer highlighted Diamondback as a name on his radar among oil stocks, which may increase visibility but does not change fundamentals by itself. Diamondback Energy (FANG) Is On Jim Cramer’s Radar When It Comes To Oil Stocks
• Neutral Sentiment: Multiple insider sales by executives, including EVP Matt Zmigrosky and CAO Teresa L. Dick, may weigh on sentiment slightly, though these sales appear to be relatively routine after the stock’s strong run. SEC filing for Matt Zmigrosky sale SEC filing for Teresa L. Dick sale
• Negative Sentiment: One article notes Diamondback is still down modestly since its last earnings report, reflecting some investor caution despite the company’s solid quarterly beat.

Hedge Funds Weigh In On Diamondback Energy

A number of hedge funds and other institutional investors have recently modified their holdings of FANG. Cresset Asset Management LLC boosted its position in shares of Diamondback Energy by 37.5% in the 2nd quarter. Cresset Asset Management LLC now owns 4,726 shares of the oil and natural gas company’s stock valued at $649,000 after purchasing an additional 1,288 shares during the period. Jump Financial LLC acquired a new position in shares of Diamondback Energy in the 2nd quarter valued at $2,301,000. Cerity Partners LLC boosted its position in shares of Diamondback Energy by 13.5% in the 2nd quarter. Cerity Partners LLC now owns 51,104 shares of the oil and natural gas company’s stock valued at $7,022,000 after purchasing an additional 6,069 shares during the period. AXA S.A. boosted its position in shares of Diamondback Energy by 8.5% in the 2nd quarter. AXA S.A. now owns 52,355 shares of the oil and natural gas company’s stock valued at $7,194,000 after purchasing an additional 4,103 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Diamondback Energy by 37.1% in the 2nd quarter. Sei Investments Co. now owns 154,582 shares of the oil and natural gas company’s stock valued at $21,239,000 after purchasing an additional 41,866 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial set a $242.00 price target on Diamondback Energy in a report on Wednesday, May 6th. The Goldman Sachs Group lifted their target price on Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. KeyCorp lifted their target price on Diamondback Energy from $196.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Wall Street Zen raised Diamondback Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, UBS Group lifted their target price on Diamondback Energy from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Diamondback Energy has an average rating of “Moderate Buy” and a consensus price target of $223.26.

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.