8,530 Shares in Diamondback Energy, Inc. $FANG Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC purchased a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) during the first quarter, Holdings Channel reports. The firm purchased 8,530 shares of the oil and natural gas company’s stock, valued at approximately $1,687,000.

Other institutional investors also recently bought and sold shares of the company. Cresset Asset Management LLC grew its stake in 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 acquiring an additional 1,288 shares during the period. Jump Financial LLC purchased a new stake in Diamondback Energy in the 2nd quarter worth $2,301,000. Cerity Partners LLC raised its position in Diamondback Energy by 13.5% during the second quarter. Cerity Partners LLC now owns 51,104 shares of the oil and natural gas company’s stock worth $7,022,000 after acquiring an additional 6,069 shares during the period. AXA S.A. raised its position in Diamondback Energy by 8.5% during the second quarter. AXA S.A. now owns 52,355 shares of the oil and natural gas company’s stock worth $7,194,000 after acquiring an additional 4,103 shares during the period. Finally, Sei Investments Co. lifted its holdings in Diamondback Energy by 37.1% during the second 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 in the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, 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 transaction, the chief accounting officer directly owned 85,755 shares of the company’s stock, valued at $17,228,179.50. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Matt Zmigrosky sold 5,000 shares of the business’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 value of $1,002,700.00. Following the transaction, the executive vice president owned 46,392 shares in the company, valued at approximately $9,303,451.68. This represents a 9.73% 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 113,691 shares of company stock valued at $21,622,752. Company insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on FANG shares. UBS Group lifted their target price on shares of Diamondback Energy from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Wells Fargo & Company set a $212.00 price target on shares of Diamondback Energy in a research report on Monday, June 22nd. Piper Sandler boosted their price objective on Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Mizuho boosted their price objective on Diamondback Energy from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Finally, Susquehanna increased their target price on Diamondback Energy from $231.00 to $245.00 and gave the company a “positive” rating in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $220.68.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Zacks Research raised Diamondback Energy’s earnings estimates for FY2026, FY2027, FY2028 and several quarters in 2027-2028, signaling slightly improved profit expectations. Diamondback Energy analyst estimate update
• Neutral Sentiment: The firm kept its rating at Hold, which limits the bullish impact of the upgraded estimates. Diamondback Energy analyst estimate update
• Neutral Sentiment: Separate news showed Diamondback subsidiary Viper Energy completed its $337 million Riverbend mineral and royalty acquisition, a strategic expansion in the Permian Basin but not a direct earnings upgrade for FANG itself. Viper Energy acquisition completion

Diamondback Energy Price Performance

Diamondback Energy stock opened at $172.04 on Monday. The company has a fifty day simple moving average of $193.52 and a 200-day simple moving average of $178.33. The firm has a market capitalization of $48.40 billion, a price-to-earnings ratio of 200.05 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.31. Diamondback Energy, Inc. has a 52-week low of $134.30 and a 52-week high of $214.51.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.49. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.83 billion. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $4.54 earnings per share. On average, equities analysts anticipate that Diamondback Energy, Inc. will post 19.47 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, May 14th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s payout ratio 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.