Oppenheimer & Co. Inc. Raises Stock Position in Diamondback Energy, Inc. $FANG

Key Points

• Oppenheimer & Co. raised its stake in Diamondback by 1,127.5% in Q4 and now holds 26,907 shares worth about $4.045 million.
• Insiders have been net sellers, offloading 1,217,069 shares worth $201.2 million over the past 90 days, leaving insiders with just 0.64% ownership.
• Diamondback missed the most recent quarter (EPS $1.74 vs. $2.00; revenue down ~9% YoY), but analysts remain largely positive with a consensus "Buy" rating and an average target of $208.05, and the company raised its quarterly dividend to $1.05 (2.0% yield).

Oppenheimer & Co. Inc. raised its stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 1,127.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,907 shares of the oil and natural gas company's stock after buying an additional 24,715 shares during the period. Oppenheimer & Co. Inc.'s holdings in Diamondback Energy were worth $4,045,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI increased its stake in shares of Diamondback Energy by 233.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 12,673 shares of the oil and natural gas company's stock worth $1,814,000 after purchasing an additional 8,877 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Diamondback Energy by 9.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,733 shares of the oil and natural gas company's stock worth $16,848,000 after purchasing an additional 10,289 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in shares of Diamondback Energy during the 3rd quarter worth approximately $472,000. Massachusetts Financial Services Co. MA increased its stake in shares of Diamondback Energy by 9.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,385,428 shares of the oil and natural gas company's stock worth $198,255,000 after purchasing an additional 122,921 shares in the last quarter. Finally, WoodTrust Financial Corp purchased a new position in shares of Diamondback Energy during the 3rd quarter worth approximately $1,624,000. 90.01% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Diamondback Energy

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?

Wall Street Analyst Weigh In

FANG has been the subject of a number of recent research reports. Jefferies Financial Group reissued a "hold" rating and set a $173.00 price objective on shares of Diamondback Energy in a research note on Monday, January 19th. Wells Fargo & Company raised their price objective on shares of Diamondback Energy from $202.00 to $262.00 and gave the stock an "overweight" rating in a research note on Monday, April 20th. TD Cowen raised shares of Diamondback Energy to a "strong-buy" rating in a research note on Monday, February 9th. Piper Sandler raised their price objective on shares of Diamondback Energy from $215.00 to $248.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. Finally, Mizuho raised their price objective on shares of Diamondback Energy from $205.00 to $220.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 17th. Five research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $208.05.

Insider Buying and Selling

In other Diamondback Energy news, Director Charles Alvin Meloy sold 60,605 shares of Diamondback Energy stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $161.12, for a total value of $9,764,677.60. Following the transaction, the director owned 982,006 shares in the company, valued at $158,220,806.72. This trade represents a 5.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven E. West sold 6,000 shares of the business's stock in a transaction dated 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 sale, 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 position. The SEC filing for this sale provides additional information. Insiders have sold 1,217,069 shares of company stock worth $201,213,109 over the last 90 days. Company insiders own 0.64% of the company's stock.

Diamondback Energy Price Performance

Shares of FANG opened at $207.65 on Monday. The firm has a market cap of $58.41 billion, a PE ratio of 37.01 and a beta of 0.46. The company's fifty day moving average is $187.42 and its two-hundred day moving average is $164.43. Diamondback Energy, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $207.77. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.32.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share for the quarter, missing analysts' consensus estimates of $2.00 by ($0.26). The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.41 billion. Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The firm's revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.67 EPS. Analysts forecast that Diamondback Energy, Inc. will post 18.84 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were issued a $1.05 dividend. This is a boost from Diamondback Energy's previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 5th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.0%. Diamondback Energy's dividend payout ratio (DPR) is 74.87%.

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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