Ninepoint Partners LP Invests $69.89 Million in Diamondback Energy, Inc. $FANG

Key Points

• Ninepoint Partners acquired a new $69.89 million stake in Diamondback Energy, purchasing 397,598 shares and making FANG its fourth-largest portfolio holding at 5.3%. Institutional investors collectively own 90.01% of the company.
• Diamondback exceeded quarterly expectations, reporting $6.48 in EPS versus the $6.08 consensus and $5.56 billion in revenue, up 51.2% year over year. Analysts expect $19.30 in full-year EPS, while the stock trades near its 52-week high.
• The company paid a quarterly dividend of $1.10 per share, equivalent to a $4.40 annualized payout and a 2.1% yield. Despite a “Moderate Buy” consensus and a $222.21 target, insiders sold approximately $24.7 million of stock over the past 90 days.

Ninepoint Partners LP bought a new stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 397,598 shares of the oil and natural gas company's stock, valued at approximately $69,890,000. Diamondback Energy makes up about 5.3% of Ninepoint Partners LP's portfolio, making the stock its 4th largest holding. Ninepoint Partners LP owned about 0.14% of Diamondback Energy at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FANG. BlackRock Inc. acquired a new position in Diamondback Energy during the 2nd quarter worth approximately $3,303,362,000. Bank of New York Mellon Corp acquired a new stake in shares of Diamondback Energy in the 2nd quarter valued at approximately $852,791,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Diamondback Energy in the 2nd quarter valued at approximately $268,855,000. Wellington Management Group LLP lifted its holdings in shares of Diamondback Energy by 74.1% in the 4th quarter. Wellington Management Group LLP now owns 3,239,837 shares of the oil and natural gas company's stock valued at $487,045,000 after buying an additional 1,379,010 shares during the period. Finally, EnCap Energy Capital Fund XII L.P. purchased a new stake in shares of Diamondback Energy in the fourth quarter valued at approximately $169,342,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Diamondback Energy

In related news, Director Charles Alvin Meloy sold 33,333 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $198.41, for a total value of $6,613,600.53. Following the sale, the director directly owned 818,197 shares of the company's stock, valued at approximately $162,338,466.77. This represents a 3.91% decrease in their position. The sale was disclosed in a legal 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 Mark Lawrence Plaumann sold 500 shares of the firm's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $196.50, for a total transaction of $98,250.00. Following the transaction, the director owned 13,437 shares of the company's stock, valued at $2,640,370.50. This trade represents a 3.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 129,167 shares of company stock valued at $24,714,309 over the last 90 days. 0.64% of the stock is currently owned by corporate insiders.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $211.02 on Friday. Diamondback Energy, Inc. has a 1-year low of $134.30 and a 1-year high of $216.90. The company has a market capitalization of $59.09 billion, a P/E ratio of 41.13 and a beta of 0.43. The business has a 50 day moving average price of $191.42 and a 200 day moving average price of $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.

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

Diamondback Energy Announces Dividend

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

Key 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.

Analyst Ratings Changes

A number of research analysts recently weighed in on FANG shares. Jefferies Financial Group reaffirmed a "hold" rating and set a $205.00 price objective on shares of Diamondback Energy in a report on Sunday, August 9th. Barclays decreased their target price on shares of Diamondback Energy from $232.00 to $221.00 and set an "overweight" rating on the stock in a research report on Monday. Zacks Research cut shares of Diamondback Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 28th. Morgan Stanley reiterated an "equal weight" rating and issued a $216.00 price target on shares of Diamondback Energy in a report on Wednesday. Finally, Citigroup reduced their price objective on shares of Diamondback Energy from $221.00 to $220.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $222.21.

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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