Truist Financial Corp Decreases Holdings in Diamondback Energy, Inc. $FANG

Truist Financial Corp decreased its stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,089 shares of the oil and natural gas company's stock after selling 19,536 shares during the quarter. Truist Financial Corp owned approximately 0.06% of Diamondback Energy worth $25,569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Montag A & Associates Inc. raised its position in shares of Diamondback Energy by 1.4% during the 4th quarter. Montag A & Associates Inc. now owns 7,816 shares of the oil and natural gas company's stock worth $1,175,000 after purchasing an additional 105 shares during the last quarter. PKO Investment Management Joint Stock Co boosted its holdings in Diamondback Energy by 150.0% in the 4th quarter. PKO Investment Management Joint Stock Co now owns 14,500 shares of the oil and natural gas company's stock worth $2,180,000 after buying an additional 8,700 shares during the last quarter. Composition Wealth LLC increased its stake in Diamondback Energy by 13.2% during the 4th quarter. Composition Wealth LLC now owns 2,657 shares of the oil and natural gas company's stock worth $399,000 after buying an additional 310 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its stake in Diamondback Energy by 10.5% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 2,108 shares of the oil and natural gas company's stock worth $317,000 after buying an additional 200 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised 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 acquiring an additional 24,715 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FANG. Morgan Stanley raised their target price on Diamondback Energy from $220.00 to $224.00 and gave the company an "overweight" rating in a research report on Friday, April 17th. Scotiabank lifted their target price on shares of Diamondback Energy from $175.00 to $195.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, April 22nd. Piper Sandler upped their target price on shares of Diamondback Energy from $215.00 to $248.00 and gave the stock an "overweight" rating in a report on Thursday, March 12th. Mizuho increased their target price on shares of Diamondback Energy from $205.00 to $220.00 and gave the company an "outperform" rating in a research report on Tuesday, March 17th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $242.00 price target on shares of Diamondback Energy in a research note on Monday, April 27th. Five research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $215.70.

Insider Activity

In other Diamondback Energy news, Director Charles Alvin Meloy sold 7,857 shares of Diamondback Energy stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $193.93, for a total transaction of $1,523,708.01. Following the transaction, the director directly owned 958,435 shares of the company's stock, valued at $185,869,299.55. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Teresa L. Dick sold 5,000 shares of the business's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $190.00, for a total transaction of $950,000.00. Following the completion of the transaction, the chief accounting officer owned 107,755 shares in the company, valued at $20,473,450. The trade was a 4.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 156,464 shares of company stock valued at $28,568,431 in the last quarter. Insiders own 0.64% of the company's stock.

Diamondback Energy Stock Performance

Shares of Diamondback Energy stock opened at $195.11 on Thursday. The business's 50 day moving average price is $188.45 and its 200 day moving average price is $165.27. The company has a market cap of $54.89 billion, a price-to-earnings ratio of 226.87 and a beta of 0.46. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.40 and a current ratio of 0.56. Diamondback Energy, Inc. has a one year low of $127.75 and a one year high of $214.51.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.49. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The company had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $3.83 billion. During the same period in the prior year, the business earned $4.54 EPS. The firm's quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts predict that Diamondback Energy, Inc. will post 18.84 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 14th will be issued a $1.10 dividend. This is an increase from Diamondback Energy's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, May 14th. Diamondback Energy's payout ratio is currently 511.63%.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Q1 results beat revenue and EPS expectations; management raised 2026 production guidance and increased the quarterly dividend to $1.10, signaling confidence in cash generation. Diamondback Energy Lifts Production Guidance
• Positive Sentiment: Analyst bullishness: Susquehanna raised its price target to $245 and put a "positive" rating on the stock, implying meaningful upside versus current levels. Susquehanna Raises PT to $245
• Positive Sentiment: Earnings-estimate revisions are trending higher, supporting a constructive near‑term view on EPS trajectory. Zacks: Earnings Estimates Moving Higher
• Neutral Sentiment: Wall Street maintains interest — Goldman Sachs reiterated a Buy with a ~$216 target and other analysts remain constructive, leaving valuation/expectations in focus. TipRanks: Analyst Reiterates Buy
• Negative Sentiment: Investor pushback on growth: coverage and market reaction highlight that investors are uneasy with Diamondback accelerating shale output (management boosted production plans to capture higher prices) — Barron's reports investors "hating" the production ramp despite the beat. That shift toward growth (vs. pure returns) plus a large ~$1.4B impairment pressured sentiment. Barron's: Diamondback Is Boosting Oil Production; Investors Are Hating It
• Negative Sentiment: Short-term market mechanics: profit-taking after recent highs and broader oil‑stock weakness on mixed earnings commentary amplified the selloff today. Yahoo: Oil Stocks Skid on Earnings

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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