9,387 Shares of Diamondback Energy, Inc. $FANG Purchased by Waycross Partners LLC

Key Points

• Waycross Partners initiated a Diamondback Energy position, buying 9,387 shares worth approximately $1.725 million in the third quarter. Institutional investors collectively own 90.01% of the company.
• Diamondback reported quarterly EPS of $5.86, beating estimates of $5.72, while revenue rose 38.4% year over year to $5.43 billion.
• The company increased its quarterly dividend from $1.10 to $1.18 per share, equivalent to $4.72 annually and a 2.6% yield. Shares traded down 0.3% to $178.96 in Friday midday trading.

Waycross Partners LLC purchased a new stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,387 shares of the oil and natural gas company's stock, valued at approximately $1,725,000.

A number of other institutional investors have also recently made changes to their positions in FANG. Cedar Mountain Advisors LLC purchased a new position in Diamondback Energy in the first quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in Diamondback Energy during the second quarter valued at approximately $28,000. Burkett Financial Services LLC purchased a new stake in Diamondback Energy during the third quarter valued at approximately $32,000. Laurel Wealth Advisors LLC bought a new stake in shares of Diamondback Energy in the 3rd quarter valued at approximately $32,000. Finally, Global Assets Advisory LLC bought a new stake in shares of Diamondback Energy in the 1st quarter valued at approximately $40,000. Institutional investors own 90.01% of the company's stock.

Diamondback Energy News Summary

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

• Positive Sentiment: Diamondback raised its dividend by 7.3%, adding to the income case for the stock. Article: Diamondback Just Raised Its Dividend 7.3%
• Positive Sentiment: UBS raised its price target to $260 and maintained a Buy rating, signaling substantial potential upside in the analyst’s view. Article: UBS Group Forecasts Strong Price Appreciation for Diamondback Energy
• Positive Sentiment: Zacks added FANG to its #1 (Strong Buy) rankings for income, value, and overall stock selection. These screen-based endorsements may support sentiment, though they are not guarantees of performance. Article: New Strong Buy Stocks for November 6th
• Positive Sentiment: Management raised its 2026 production outlook and highlighted disciplined spending, improving Barnett well economics, and recovery technology as part of its Permian growth strategy. Article: FANG Q3 Earnings Call Highlights Capital Discipline and Permian Growth
• Neutral Sentiment: Diamondback said it will reinvest its Viper Energy distributions in Viper equity, a capital-allocation decision that increases its Viper exposure but does not itself represent a cash payout to FANG shareholders. Article: Viper Energy Adopts Distribution Reinvestment Plan
• Neutral Sentiment: Other recent coverage described analyst opinions on Diamondback as mixed, tempering the positive signal from UBS’s target increase. Article: Analysts’ Opinions Are Mixed on These Energy Stocks

Diamondback Energy Trading Down 0.3%

FANG stock traded down $0.62 during midday trading on Friday, reaching $178.96. The company's stock had a trading volume of 1,636,638 shares, compared to its average volume of 2,034,797. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.47. The stock has a fifty day simple moving average of $195.72 and a two-hundred day simple moving average of $189.95. Diamondback Energy, Inc. has a 1 year low of $139.41 and a 1 year high of $216.90. The firm has a market capitalization of $50.11 billion, a price-to-earnings ratio of 24.48 and a beta of 0.49.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.14. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $4.60 billion. Diamondback Energy had a return on equity of 11.99% and a net margin of 11.03%. The business's revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period last year, the company earned $3.08 earnings per share. On average, equities research analysts predict that Diamondback Energy, Inc. will post 22.57 EPS for the current year.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be paid a $1.18 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $4.72 annualized dividend 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 60.19%.

Insider Activity

In other Diamondback Energy news, Director Charles Meloy sold 33,333 shares of the business's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $183.74, for a total value of $6,124,605.42. Following the completion of the sale, the director directly owned 759,864 shares of the company's stock, valued at $139,617,411.36. The trade was a 4.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis D. Stice sold 75,000 shares of the company's 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 transaction, the director owned 49,727 shares in the company, valued at $10,159,723.37. This represents a 60.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Capital One Financial lifted their target price on Diamondback Energy from $272.00 to $283.00 and gave the stock an "overweight" rating in a report on Wednesday, August 19th. Weiss Ratings upgraded Diamondback Energy from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, October 19th. Zacks Research upgraded Diamondback Energy from a "hold" rating to a "strong-buy" rating in a report on Thursday. Wolfe Research restated an "outperform" rating and issued a $206.00 price target on shares of Diamondback Energy in a research report on Tuesday, August 4th. Finally, Scotiabank started coverage on shares of Diamondback Energy in a research note on Wednesday, October 14th. They set a "sector outperform" rating and a $250.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $228.29.

Diamondback Energy Profile

Diamondback Energy is an independent oil and natural gas company focused on the development and production of energy resources in the Permian Basin, primarily in West Texas and southeastern New Mexico. Its operations include exploration, drilling and production.

The company produces crude oil, natural gas and natural gas liquids. Its activities are concentrated in the Midland and Delaware Basin regions, where it develops oil and gas properties and related reserves.

Founded in 2007 and headquartered in Midland, Texas, Diamondback has expanded its Permian Basin operations over time, including through acquisitions.

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