First National Bank of Omaha Takes $2.24 Million Position in Diamondback Energy, Inc. $FANG

Key Points

• First National Bank of Omaha acquired 12,753 Diamondback Energy shares worth approximately $2.24 million in the second quarter. Institutional investors own about 90% of FANG’s outstanding stock.
• Diamondback reported quarterly EPS of $6.48, beating estimates of $6.08, while revenue rose 51.2% year over year to $5.56 billion. The company also declared a $1.10 quarterly dividend, equivalent to a 2.1% yield.
• FANG traded at $208.55, near its 12-month high, with analysts assigning a “Moderate Buy” consensus and an average price target of $222.21. However, insiders sold about $24.7 million of stock over the past three months, and several earnings forecasts were reduced.

First National Bank of Omaha bought a new stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,753 shares of the oil and natural gas company's stock, valued at approximately $2,242,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cresset Asset Management LLC lifted its holdings in shares of Diamondback Energy by 37.5% during the 2nd quarter. Cresset Asset Management LLC now owns 4,726 shares of the oil and natural gas company's stock worth $649,000 after acquiring an additional 1,288 shares during the period. Jump Financial LLC bought a new stake in Diamondback Energy in the second quarter valued at about $2,301,000. Cerity Partners LLC raised its position in Diamondback Energy by 13.5% in the second quarter. Cerity Partners LLC now owns 51,104 shares of the oil and natural gas company's stock worth $7,022,000 after purchasing an additional 6,069 shares in the last quarter. AXA S.A. raised its position in Diamondback Energy by 8.5% in the second quarter. AXA S.A. now owns 52,355 shares of the oil and natural gas company's stock worth $7,194,000 after purchasing an additional 4,103 shares in the last quarter. Finally, Sei Investments Co. raised its position in Diamondback Energy by 37.1% in the second quarter. Sei Investments Co. now owns 154,582 shares of the oil and natural gas company's stock worth $21,239,000 after purchasing an additional 41,866 shares in the last quarter. 90.01% of the stock is owned by institutional investors.

Diamondback Energy Trading Down 0.7%

FANG opened at $208.55 on Thursday. The firm's fifty day moving average is $191.03 and its two-hundred day moving average is $188.74. The firm has a market cap of $58.40 billion, a PE ratio of 40.65 and a beta of 0.43. Diamondback Energy, Inc. has a twelve month low of $134.30 and a twelve month high of $214.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.47.

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

Diamondback Energy Dividend Announcement

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

Insiders Place Their Bets

In other news, CAO Teresa L. Dick sold 7,000 shares of Diamondback Energy stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total transaction of $1,406,300.00. Following the transaction, the chief accounting officer owned 85,755 shares in the company, valued at $17,228,179.50. The trade was a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles Alvin Meloy sold 83,334 shares of Diamondback Energy stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $187.12, for a total value of $15,593,458.08. Following the transaction, the director owned 851,530 shares in the company, valued at $159,338,293.60. This trade represents a 8.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 129,167 shares of company stock valued at $24,714,309 in the last three months. Insiders own 0.64% of the company's stock.

Trending Headlines about Diamondback Energy

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.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FANG. Wolfe Research reaffirmed an "outperform" rating and set a $206.00 price objective on shares of Diamondback Energy in a report on Tuesday, August 4th. Wells Fargo & Company increased their target price on Diamondback Energy from $262.00 to $263.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Susquehanna increased their target price on shares of Diamondback Energy from $245.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday, July 21st. UBS Group dropped their price target on Diamondback Energy from $246.00 to $243.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Diamondback Energy from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Diamondback Energy presently has an average rating of "Moderate Buy" and a consensus price target of $222.21.

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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