Oppenheimer Asset Management Inc. Trims Stock Position in Diamondback Energy, Inc. $FANG

Key Points

• Oppenheimer Asset Management trimmed its Diamondback stake by 29.9% in Q4, selling 17,431 shares and now holding 40,933 shares valued at about $6.15 million.
• Insiders have sold 1,217,069 shares worth $201.21 million in the last 90 days, including Fang Holdings' sale of 1,000,000 shares for $162.88 million, while institutional ownership stands near 90% with several funds increasing positions.
• Diamondback missed quarterly estimates (EPS $1.74 vs. $2.00; revenue $3.38B vs. $3.41B, revenue down 9% YoY), but raised its quarterly dividend to $1.05 (annualized $4.20, ~2.0% yield) and shares trade near a 12‑month high around $207.65.

Oppenheimer Asset Management Inc. lowered its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,933 shares of the oil and natural gas company's stock after selling 17,431 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Diamondback Energy were worth $6,153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FANG. Smead Capital Management Inc. purchased a new stake in shares of Diamondback Energy during the 2nd quarter valued at about $144,775,000. Capital Research Global Investors increased its position in shares of Diamondback Energy by 38.0% during the 3rd quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company's stock valued at $543,610,000 after purchasing an additional 1,046,398 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Diamondback Energy by 2,637.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 456,686 shares of the oil and natural gas company's stock valued at $65,352,000 after purchasing an additional 440,005 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Diamondback Energy by 1,127.8% during the 3rd quarter. Two Sigma Investments LP now owns 369,568 shares of the oil and natural gas company's stock valued at $52,885,000 after purchasing an additional 339,468 shares during the last quarter. Finally, Ninepoint Partners LP purchased a new stake in shares of Diamondback Energy during the 3rd quarter valued at about $45,076,000. Hedge funds and other institutional investors own 90.01% of the company's stock.

Insiders Place Their Bets

In other Diamondback Energy news, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the company's stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $162.88, for a total value of $162,880,000.00. Following the completion of the transaction, the insider directly owned 98,686,727 shares in the company, valued at $16,074,094,093.76. This represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven E. West sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total value of $1,130,100.00. Following the completion of the transaction, the director owned 4,484 shares of the company's stock, valued at $844,561.40. The trade was a 57.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,217,069 shares of company stock worth $201,213,109 over the last ninety days. 0.64% of the stock is owned by company insiders.

Diamondback Energy Trading Up 1.0%

Shares of NASDAQ:FANG opened at $207.65 on Friday. The stock has a 50 day moving average of $187.42 and a 200 day moving average of $164.27. The company has a market cap of $58.41 billion, a PE ratio of 37.01 and a beta of 0.46. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. Diamondback Energy, Inc. has a 12-month low of $127.75 and a 12-month high of $207.77.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced 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). The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.41 billion. Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The company's revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.67 earnings per share. As a group, equities research analysts expect that Diamondback Energy, Inc. will post 18.84 EPS for the current year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, March 5th. This is a positive change from Diamondback Energy's previous quarterly dividend of $1.00. Diamondback Energy's dividend payout ratio is currently 74.87%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FANG shares. Freedom Capital raised shares of Diamondback Energy to a "strong-buy" rating in a research report on Tuesday, March 10th. KeyCorp boosted their price objective on Diamondback Energy from $196.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, April 2nd. Raymond James Financial reiterated a "strong-buy" rating and set a $242.00 price objective on shares of Diamondback Energy in a research note on Monday, April 27th. Benchmark downgraded Diamondback Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 5th. Finally, Susquehanna boosted their price objective on Diamondback Energy from $182.00 to $199.00 and gave the company a "positive" rating in a research note on Wednesday, February 25th. Five research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $208.05.

More Diamondback Energy News

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

• Positive Sentiment: UAE exits OPEC, weakening cartel coordination and boosting crude prices; higher oil improves revenue and cash-flow outlook for low-cost Permian producers like Diamondback. The UAE’s OPEC Exit Changes the Oil Trade — Here’s the Stock to Buy Now
• Positive Sentiment: Market commentary flags Diamondback as a near-term beneficiary of the OPEC shock given its low-cost Permian position, supporting upside if oil stays elevated above $100/bbl. Following UAE’s OPEC Exit Shock, Diamondback Energy Could Be the Smartest Bet Now
• Positive Sentiment: Zacks Research upgraded FANG to a "Strong-Buy" and added it to its Zacks Rank #1 list, citing model/estimate improvements that can draw investor interest and momentum buying. Zacks.com
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate for Diamondback, indicating analyst bullishness on longer-term earnings power (FY2028 EPS revised to $14.43). Is Diamondback Stock Worth Buying Before Q1 Earnings Release?
• Neutral Sentiment: Multiple earnings previews (Zacks, Yahoo) highlight Q1 as a pivotal test for FANG — metrics beyond headline revenue/earnings (volume, hedges, unit costs) will drive the read-through. Investors are positioning ahead of the May 4 report. Gear Up for Diamondback (FANG) Q1 Earnings: Wall Street Estimates for Key Metrics
• Negative Sentiment: Consensus sees Q1 revenue down roughly 5–6% year-over-year; a miss or weaker commodity realization could pressure the stock despite hedges and higher volumes. This is a near-term execution risk around the upcoming report. Is Diamondback Stock Worth Buying Before Q1 Earnings Release?

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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