Bank of New York Mellon Corp Acquires 532,756 Shares of Diamondback Energy, Inc. $FANG

Bank of New York Mellon Corp lifted its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,159,365 shares of the oil and natural gas company’s stock after buying an additional 532,756 shares during the quarter. Bank of New York Mellon Corp’s holdings in Diamondback Energy were worth $775,607,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FANG. Flagship Harbor Advisors LLC bought a new position in Diamondback Energy during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. boosted its stake in Diamondback Energy by 245.1% during 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 last quarter. Laurel Wealth Advisors LLC bought a new position in Diamondback Energy during the fourth quarter valued at approximately $26,000. JPL Wealth Management LLC bought a new position in Diamondback Energy during the third quarter valued at approximately $26,000. Finally, Wellington Shields & Co. LLC boosted its stake in Diamondback Energy by 264.7% during 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 buying an additional 135 shares during the last quarter. Institutional investors own 90.01% of the company’s stock.

Diamondback Energy Price Performance

NASDAQ: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. Diamondback Energy, Inc. has a 1 year low of $134.30 and a 1 year high of $214.51. The business has a 50 day simple moving average of $196.02 and a 200-day simple moving average of $173.21. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55.

Diamondback Energy (NASDAQ:FANG) last posted 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 the consensus estimate of $3.74 by $0.49. The business had revenue of $4.24 billion during 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 revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $4.54 EPS. Equities analysts forecast that Diamondback Energy, Inc. will post 19.54 EPS for the current year.

Diamondback Energy Increases Dividend

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

Trending Headlines about 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.

Insiders Place Their Bets

In other news, Director Steven E. West sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total value of $1,130,100.00. Following the completion of the sale, the director directly owned 4,484 shares of the company’s stock, valued at $844,561.40. This trade represents a 57.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Teresa L. Dick sold 7,000 shares of the firm’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 completion of the sale, the chief accounting officer directly owned 85,755 shares of the company’s stock, valued at $17,228,179.50. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 186,321 shares of company stock worth $34,499,475. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on FANG. Barclays increased their price target on Diamondback Energy from $225.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Morgan Stanley increased their price target on Diamondback Energy from $224.00 to $229.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. KeyCorp increased their price target on Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. TD Cowen raised Diamondback Energy to a “strong-buy” rating in a research note on Monday, February 9th. Finally, UBS Group increased their price target on Diamondback Energy from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Diamondback Energy has a consensus rating of “Moderate Buy” and an average price target of $223.26.

Diamondback Energy Company 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.