E Fund Management Co. Ltd. Takes $1.86 Million Position in Diamondback Energy, Inc. $FANG

Key Points

• E Fund Management acquired 10,598 Diamondback Energy shares worth approximately $1.86 million, while institutional investors collectively own 90.01% of FANG.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $222.21; recent targets range from $195 to $243.
• Diamondback exceeded quarterly expectations, reporting $6.48 EPS and $5.56 billion in revenue, up 51.2% year over year. The company also announced a $1.10 quarterly dividend, equivalent to a 2.1% yield.

E Fund Management Co. Ltd. acquired a new position in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,598 shares of the oil and natural gas company's stock, valued at approximately $1,863,000.

Other large investors have also recently made changes to their positions in the company. Eagle Global Advisors LLC bought a new position in Diamondback Energy in the 4th quarter valued at approximately $5,472,000. Hsbc Holdings PLC lifted its holdings in shares of Diamondback Energy by 16.3% during the fourth quarter. Hsbc Holdings PLC now owns 338,577 shares of the oil and natural gas company's stock valued at $50,890,000 after purchasing an additional 47,450 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Diamondback Energy by 1,127.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 26,907 shares of the oil and natural gas company's stock valued at $4,045,000 after purchasing an additional 24,715 shares in the last quarter. Guinness Asset Management LTD boosted its position in shares of Diamondback Energy by 12.0% during 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 buying an additional 5,816 shares during the last quarter. Finally, Peterson Wealth Services raised its position in Diamondback Energy by 174.2% in 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 during the last quarter. 90.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Weiss Ratings upgraded shares of Diamondback Energy from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, July 31st. Jefferies Financial Group reaffirmed a "hold" rating and issued a $205.00 target price on shares of Diamondback Energy in a research report on Sunday, August 9th. Scotiabank raised their price target on Diamondback Energy from $175.00 to $195.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, April 22nd. Wall Street Zen raised Diamondback Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, UBS Group reduced their price objective on Diamondback Energy from $246.00 to $243.00 and set a "buy" rating for the company in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $222.21.

Diamondback Energy Price Performance

Shares of Diamondback Energy stock opened at $208.55 on Thursday. The company has a market capitalization of $58.40 billion, a price-to-earnings ratio of 40.65 and a beta of 0.43. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.25. The stock's 50-day simple moving average is $191.03 and its 200-day simple moving average is $188.74. Diamondback Energy, Inc. has a 52 week low of $134.30 and a 52 week high of $214.51.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share for the quarter, topping analysts' consensus estimates of $6.08 by $0.40. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The firm had revenue of $5.56 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. Diamondback Energy's revenue for the quarter was up 51.2% on a year-over-year basis. As a group, analysts expect that Diamondback Energy, Inc. will post 19.3 earnings per share for the current fiscal year.

Diamondback Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 13th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.1%. Diamondback Energy's dividend payout ratio (DPR) is 85.77%.

Insider Buying and Selling at Diamondback Energy

In other Diamondback Energy news, Director Mark Lawrence Plaumann sold 500 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total transaction of $98,250.00. Following the completion of the transaction, the director owned 13,437 shares in the company, valued at $2,640,370.50. This trade represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction of $1,002,700.00. Following the completion of the transaction, the executive vice president directly owned 46,392 shares of the company's stock, valued at approximately $9,303,451.68. The trade was a 9.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 129,167 shares of company stock valued at $24,714,309. 0.64% of the stock is owned by company insiders.

Key Diamondback Energy News

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

• Positive Sentiment: Morgan Stanley reaffirmed its Equal Weight rating but raised or maintained a $216 price target, implying modest upside from the referenced price. The target provides some support, though the neutral rating limits the bullish signal. Morgan Stanley rating report
• Positive Sentiment: Zacks Research increased its FY2028 EPS forecast to $15.37 from $14.83, suggesting potential longer-term earnings improvement. Diamondback Energy valuation and pipeline venture article
• Neutral Sentiment: Analysts continue to rate FANG Hold or Equal Weight, indicating neither a strong bullish nor bearish consensus. Diamondback’s Permian-to-Katy gas pipeline strategy and participation in the Solitude Pipeline venture could broaden its midstream exposure, but the investment benefits remain dependent on execution and future cash flows. Diamondback Permian-to-Katy gas pipeline article
• Negative Sentiment: Zacks Research cut several near- and medium-term forecasts: Q3 2026 EPS to $2.70 from $4.32, Q4 2026 to $3.11 from $4.19, FY2026 to $16.52 from $18.11, FY2027 to $14.95 from $16.42, Q4 2027 to $3.08 from $3.87, and Q1 2028 to $3.12 from $3.57. Additional reductions affected Q2 and Q3 2027 estimates. These revisions outweigh the isolated FY2028 increase and are likely pressuring the stock.

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.

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