Bank of New York Mellon Corp Buys Shares of 4,851,470 Diamondback Energy, Inc. $FANG

Bank of New York Mellon Corp purchased a new stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,851,470 shares of the oil and natural gas company's stock, valued at approximately $852,791,000. Bank of New York Mellon Corp owned about 1.72% of Diamondback Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FANG. Hsbc Holdings PLC grew its stake in shares of Diamondback Energy by 16.3% in the 4th quarter. Hsbc Holdings PLC now owns 338,577 shares of the oil and natural gas company's stock valued at $50,890,000 after buying an additional 47,450 shares during the period. Oppenheimer & Co. Inc. raised its position in Diamondback Energy by 1,127.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 26,907 shares of the oil and natural gas company's stock valued at $4,045,000 after buying an additional 24,715 shares during the last quarter. Guinness Asset Management LTD raised its holdings in shares of Diamondback Energy by 12.0% in the fourth quarter. Guinness Asset Management LTD now owns 54,132 shares of the oil and natural gas company's stock valued at $8,042,000 after purchasing an additional 5,816 shares during the last quarter. Peterson Wealth Services lifted its position in shares of Diamondback Energy by 174.2% during the 4th quarter. Peterson Wealth Services now owns 23,973 shares of the oil and natural gas company's stock worth $3,604,000 after buying an additional 15,229 shares in the last quarter. Finally, National Pension Service boosted its position in Diamondback Energy by 7.7% in the fourth quarter. National Pension Service now owns 381,710 shares of the oil and natural gas company's stock worth $57,382,000 after purchasing an additional 27,229 shares during the last quarter. Institutional investors own 90.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FANG shares. Truist Financial increased their price target on Diamondback Energy from $220.00 to $224.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Barclays decreased their price target on shares of Diamondback Energy from $232.00 to $221.00 and set an "overweight" rating on the stock in a report on Monday. Citigroup lowered their price objective on Diamondback Energy from $221.00 to $220.00 and set a "buy" rating on the stock in a research report on Monday, August 10th. Wolfe Research restated an "outperform" rating and set a $206.00 target price on shares of Diamondback Energy in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company raised their price target on Diamondback Energy from $262.00 to $263.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Four equities research 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $222.21.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $211.02 on Friday. The company's fifty day moving average price is $191.42 and its 200-day moving average price is $189.07. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.47 and a quick ratio of 0.45. The firm has a market capitalization of $59.09 billion, a price-to-earnings ratio of 41.13 and a beta of 0.43. Diamondback Energy, Inc. has a one year low of $134.30 and a one year high of $216.90.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.08 by $0.40. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $4.89 billion. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The firm's revenue was up 51.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.38 EPS. On average, equities research analysts anticipate that Diamondback Energy, Inc. will post 19.3 earnings per share for the current fiscal year.

Diamondback Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 13th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $4.40 annualized dividend and a yield of 2.1%. Diamondback Energy's payout ratio is 85.77%.

Insider Transactions at Diamondback Energy

In other news, Director Mark Lawrence Plaumann sold 500 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total transaction of $98,250.00. Following the transaction, the director directly owned 13,437 shares in the company, valued at approximately $2,640,370.50. This represents a 3.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matt Zmigrosky sold 5,000 shares of the stock in a transaction dated Monday, June 1st. The shares were 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 $9,303,451.68. This trade represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 129,167 shares of company stock valued at $24,714,309 over the last quarter. 0.64% of the stock is owned by company insiders.

More Diamondback Energy News

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

• Positive Sentiment: Record production and stronger outlook: Diamondback surpassed 1 million barrels of oil equivalent per day, reported record quarterly revenue and earnings, raised its guidance and doubled its share-repurchase authorization. The results reinforce the company’s growth profile and support the bullish analyst consensus. Diamondback Hits a Milestone at Just the Right Time
• Positive Sentiment: Energy-sector momentum: FANG was identified among energy stocks breaking out as the broader market focused on geopolitical developments involving Iran. Stronger energy prices or investor rotation into the sector can provide a near-term tailwind for Diamondback’s shares. Stock Market Today: Dow Falls on Trump’s Economic D-Day Threat
• Neutral Sentiment: Analyst rating unchanged: Morgan Stanley reaffirmed its “Equal Weight” rating and set a $216 price target, implying only modest upside from the referenced trading level. The target provides valuation support but does not represent a strong bullish revision. Morgan Stanley analyst coverage
• Neutral Sentiment: Pipeline investment story under review: Coverage of Diamondback’s Permian-to-Katy gas pipeline investment highlights how the project is changing the company’s longer-term investment narrative, though the supplied report does not provide specific financial changes or updated guidance. How Diamondback’s Permian-to-Katy Gas Pipeline Bet Has Changed Its Investment Story
• Negative Sentiment: Lower forward earnings estimates: Zacks Research cut its estimates for several future periods, including Q3 and Q4 2026, FY2026 and FY2027. Its FY2026 forecast fell to $16.52 per share from $18.11, while FY2027 declined to $14.95 from $16.42. Zacks maintained a “Hold” rating, signaling concerns about future earnings momentum despite the company’s recent results.

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.

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