Assetmark Inc. Buys 41,307 Shares of Diamondback Energy, Inc. $FANG

Key Points

• Assetmark Inc. bought 41,307 shares, raising its stake 16.1% to 297,945 shares (worth ~$44.8M), while institutional investors now own about 90.01% of Diamondback Energy.
• Insiders have sold a total of 1,217,069 shares valued at ~$201.2M over the past three months (including sales by Director Charles Meloy and CFO Jere Thompson), leaving insiders with just 0.48% ownership.
• Corporate moves include completed tender offers to reduce long‑dated debt, UBS raising its price target to $245, and a quarterly dividend increase to $1.05 (annualized $4.20, yield 2.3%), even as the latest quarter missed EPS estimates.

Assetmark Inc. lifted its holdings in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 297,945 shares of the oil and natural gas company's stock after acquiring an additional 41,307 shares during the quarter. Assetmark Inc. owned 0.10% of Diamondback Energy worth $44,790,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Stanley Laman Group Ltd. lifted its holdings in shares of Diamondback Energy by 3.5% in the 4th quarter. Stanley Laman Group Ltd. now owns 19,681 shares of the oil and natural gas company's stock worth $2,959,000 after acquiring an additional 658 shares during the last quarter. Bowman & Co S.C. lifted its holdings in shares of Diamondback Energy by 3.2% in the 4th quarter. Bowman & Co S.C. now owns 6,195 shares of the oil and natural gas company's stock worth $931,000 after acquiring an additional 191 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of Diamondback Energy by 245.1% in the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company's stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Diamondback Energy by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,441,622 shares of the oil and natural gas company's stock worth $216,719,000 after acquiring an additional 56,194 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of Diamondback Energy in the 4th quarter worth approximately $328,000. 90.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Diamondback Energy

In related news, Director Charles Alvin Meloy sold 7,857 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $193.93, for a total transaction of $1,523,708.01. Following the sale, the director directly owned 958,435 shares of the company's stock, valued at approximately $185,869,299.55. This represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jere W. Thompson III sold 750 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $182.47, for a total transaction of $136,852.50. Following the sale, the chief financial officer directly owned 19,975 shares in the company, valued at $3,644,838.25. This trade represents a 3.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,217,069 shares of company stock valued at $201,213,109 over the last three months. 0.48% of the stock is currently owned by corporate insiders.

More Diamondback Energy News

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

• Positive Sentiment: Company completed tender offers to repurchase its 4.400% notes due 2051 and 4.250% notes due 2052, reducing long-dated debt and improving capital structure flexibility — typically viewed favorably by equity investors. Tender Offer Results
• Positive Sentiment: UBS raised its price target on FANG to $245 (from $240) and kept a Buy rating, signaling continued conviction from at least one major sell‑side shop — positive for sentiment and valuation upside. UBS Raises Target
• Positive Sentiment: Macro oil-market dynamics (geopolitical risk around Iran and constrained spare capacity among OPEC+ producers) are keeping oil prices elevated — a tailwind for Permian producers like Diamondback, which benefits from higher realizations. Oil Outlook
• Neutral Sentiment: Feature pieces highlighting Diamondback’s cash returns, Permian position, and dividend profile bolster the bull case over the medium term but are not immediate price catalysts. 3 Reasons Investors Love Diamondback
• Neutral Sentiment: Market wrap-ups reporting FANG’s recent decline note the move occurred amid a broader market uptick, implying stock‑specific factors (analyst actions, profit taking) rather than sector weakness. Stock Falls Amid Market Uptick
• Negative Sentiment: Roth Capital downgraded FANG from Buy to Neutral (while raising its target to $200), a sign of mixed analyst conviction that can prompt short‑term selling from funds tracking analyst coverage. Roth Downgrade

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FANG shares. TD Cowen raised shares of Diamondback Energy to a "strong-buy" rating in a research note on Monday, February 9th. Sanford C. Bernstein decreased their target price on shares of Diamondback Energy from $199.00 to $190.00 and set an "outperform" rating on the stock in a research note on Monday, January 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Diamondback Energy in a research note on Monday, December 29th. UBS Group lifted their target price on shares of Diamondback Energy from $240.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Mizuho lifted their target price on shares of Diamondback Energy from $205.00 to $220.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 17th. Five analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $203.95.

Diamondback Energy Stock Down 1.4%

Shares of Diamondback Energy stock opened at $186.39 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The company's fifty day simple moving average is $181.54 and its two-hundred day simple moving average is $160.33. The company has a market cap of $52.43 billion, a P/E ratio of 33.22 and a beta of 0.50. Diamondback Energy, Inc. has a 12-month low of $126.69 and a 12-month high of $204.91.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its quarterly earnings data on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($0.26). Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The company had revenue of $3.38 billion for the quarter, compared to analysts' expectations of $3.41 billion. During the same period in the previous year, the firm posted $3.67 earnings per share. The firm's revenue for the quarter was down 9.0% compared to the same quarter last year. Research analysts anticipate that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 5th. This is an increase from Diamondback Energy's previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.3%. Diamondback Energy's payout ratio is presently 74.87%.

Diamondback Energy 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.

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