7,680 Diamondback Energy, Inc. $FANG Shares Bought by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management increased its Diamondback Energy stake by 14.4%, buying 7,680 shares in the third quarter to hold 60,952 shares worth about $11.2 million.
• Diamondback reported quarterly earnings of $5.86 per share and revenue of $5.43 billion, beating analyst estimates; revenue rose 38.4% year over year.
• The company raised its quarterly dividend 7.3%, from $1.10 to $1.18 per share, equivalent to an annualized yield of about 2.6%.

Rakuten Investment Management Inc. boosted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 14.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,952 shares of the oil and natural gas company's stock after buying an additional 7,680 shares during the quarter. Rakuten Investment Management Inc.'s holdings in Diamondback Energy were worth $11,212,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FANG. BlackRock Inc. purchased a new stake in Diamondback Energy during the second quarter valued at about $3,303,362,000. Bank of New York Mellon Corp bought a new stake in Diamondback Energy during the 2nd quarter valued at $852,791,000. Wellington Management Group LLP boosted its holdings in shares of Diamondback Energy by 31.3% in the second quarter. Wellington Management Group LLP now owns 16,420,247 shares of the oil and natural gas company's stock worth $2,886,351,000 after acquiring an additional 3,918,943 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Diamondback Energy in the second quarter valued at $268,855,000. Finally, Legal & General Group Plc bought a new stake in shares of Diamondback Energy during the 2nd quarter valued at $176,828,000. Hedge funds and other institutional investors own 90.01% of the company's stock.

More Diamondback Energy News

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

• Positive Sentiment: Q3 results beat expectations. Diamondback reported earnings of $5.86 per share versus the $5.72 consensus and revenue of $5.43 billion versus $4.60 billion expected. Higher production and realized oil prices supported results and cash generation. Article: Diamondback Q3 Earnings Beat on Higher Oil Prices and Production
• Positive Sentiment: Raised outlook and disciplined growth plans. Management lifted its 2026 production outlook while emphasizing spending discipline, Barnett development and improved well economics. These plans could support future output and returns without a major increase in reinvestment. Article: FANG Q3 Earnings Call Highlights Capital Discipline and Permian Growth
• Positive Sentiment: Dividend increased 7.3%. The quarterly dividend rose from $1.10 to $1.18 per share, signaling confidence in cash generation and adding to shareholder returns. Article: Diamondback Energy Raises Dividend and 2026 Oil Production Outlook
• Positive Sentiment: Some analysts raised price targets. UBS lifted its target to $260 and Truist raised its target to $232; both maintained Buy ratings.
• Negative Sentiment: Wells Fargo lowered its target from $263 to $244, though it kept an Overweight rating. This more cautious valuation view may have weighed against the otherwise upbeat updates.

Diamondback Energy Price Performance

Shares of NASDAQ FANG opened at $182.88 on Thursday. The firm has a market cap of $51.21 billion, a P/E ratio of 25.02 and a beta of 0.49. Diamondback Energy, Inc. has a twelve month low of $137.03 and a twelve month high of $216.90. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $196.55 and a 200 day moving average of $189.66.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 EPS for the quarter, topping analysts' consensus estimates of $5.72 by $0.14. Diamondback Energy had a net margin of 11.03% and a return on equity of 11.86%. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period in the previous year, the business posted $3.08 earnings per share. The business's revenue for the quarter was up 38.4% on a year-over-year basis. As a group, research analysts expect that Diamondback Energy, Inc. will post 21.51 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be issued a $1.18 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $4.72 dividend on an annualized basis and a yield of 2.6%. This is a boost from Diamondback Energy's previous quarterly dividend of $1.10. Diamondback Energy's payout ratio is presently 85.77%.

Insider Buying and Selling at Diamondback Energy

In other news, Director Charles Meloy sold 33,333 shares of the business's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $183.74, for a total transaction of $6,124,605.42. Following the transaction, the director owned 759,864 shares of the company's stock, valued at approximately $139,617,411.36. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis D. Stice sold 75,000 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $204.31, for a total transaction of $15,323,250.00. Following the completion of the sale, the director directly owned 49,727 shares in the company, valued at $10,159,723.37. This trade represents a 60.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.64% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FANG shares. Wells Fargo & Company decreased their target price on shares of Diamondback Energy from $263.00 to $244.00 and set an "overweight" rating on the stock in a report on Wednesday. Morgan Stanley raised their price objective on shares of Diamondback Energy from $216.00 to $222.00 and gave the company an "equal weight" rating in a research report on Thursday, October 15th. Wall Street Zen upgraded Diamondback Energy from a "hold" rating to a "buy" rating in a research report on Sunday, September 13th. BMO Capital Markets raised their price objective on Diamondback Energy from $215.00 to $224.00 and gave the company an "outperform" rating in a research note on Friday, October 2nd. Finally, Stifel Nicolaus set a $259.00 price target on shares of Diamondback Energy in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Diamondback Energy currently has an average rating of "Moderate Buy" and a consensus target price of $228.29.

About Diamondback Energy

Diamondback Energy, Inc is an independent oil and natural gas company engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. The company's operations are concentrated in the Permian Basin of West Texas and southeastern New Mexico, particularly the Midland and Delaware Basins.

Diamondback produces crude oil, natural gas and natural gas liquids from horizontal wells and related infrastructure. Its activities include drilling and completing wells, operating gathering and processing assets, and managing midstream services that support production.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.