Diamondback Energy (NASDAQ:FANG) Director Sells 33,333 Shares of Stock

Diamondback Energy, Inc. (NASDAQ:FANG) Director Charles Alvin Meloy sold 33,333 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $198.41, for a total transaction of $6,613,600.53. Following the sale, the director owned 818,197 shares of the company’s stock, valued at $162,338,466.77. This trade represents a 3.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Alvin Meloy also recently made the following trade(s):

• On Tuesday, June 16th, Charles Alvin Meloy sold 83,334 shares of Diamondback Energy stock. The shares were sold at an average price of $187.12, for a total transaction of $15,593,458.08.
• On Thursday, May 7th, Charles Alvin Meloy sold 7,857 shares of Diamondback Energy stock. The stock was sold at an average price of $189.20, for a total transaction of $1,486,544.40.

Diamondback Energy Stock Down 3.5%

Shares of FANG traded down $6.88 on Tuesday, reaching $191.87. The company’s stock had a trading volume of 4,095,345 shares, compared to its average volume of 2,693,630. Diamondback Energy, Inc. has a twelve month low of $134.30 and a twelve month high of $214.51. The stock has a market capitalization of $53.98 billion, a PE ratio of 223.11 and a beta of 0.42. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $190.75 and a 200-day moving average of $184.98.

Diamondback Energy (NASDAQ:FANG) last released 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 analysts’ consensus estimates of $6.08 by $0.40. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $4.89 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The company’s quarterly revenue was up 51.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.38 EPS. Equities analysts predict that Diamondback Energy, Inc. will post 18.9 EPS for the current year.

Diamondback Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 13th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.3%. Diamondback Energy’s payout ratio is presently 511.63%.

Trending Headlines about Diamondback Energy

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

• Positive Sentiment: Quarterly results exceeded expectations: Diamondback reported adjusted earnings of $6.48 per share, above the $6.08 consensus estimate, while revenue rose 51.2% year over year to $5.56 billion versus expectations of $4.89 billion. Diamondback Energy Announces Second-Quarter 2026 Results
• Positive Sentiment: Higher production outlook: Diamondback raised its 2026 output forecast after quarterly production exceeded 1 million barrels of oil equivalent per day for the first time. The company reportedly expects to achieve the increase without raising capital expenditures, supporting operating leverage and free cash flow. Diamondback Raises 2026 Output Forecast
• Positive Sentiment: Analysts remain constructive: Goldman Sachs maintained a Buy rating and a $212 price target, citing the earnings beat, higher production guidance and lower costs. Siebert Williams Shank also kept a Buy rating with a $198.75 target, while William Blair highlighted stronger production and free cash flow.
• Positive Sentiment: Shareholder returns continued: Diamondback declared a $1.10 quarterly dividend, equivalent to an annualized yield of approximately 2.2% at the reported trading level.
• Neutral Sentiment: Commodity prices are a key swing factor: Coverage attributed the earnings strength partly to higher oil prices following the Iran conflict. Sustained prices would benefit Diamondback, but a reduction in geopolitical risk or a recovery in global supply could pressure future results.
• Negative Sentiment: Valuation and earnings quality may limit upside: Despite the strong quarter, the stock’s reported price-to-earnings ratio was above 220, while net margin was only 1.87%. Investors may therefore be locking in gains or demanding more evidence that elevated profitability and oil prices can persist.

Analyst Ratings Changes

FANG has been the topic of several recent analyst reports. Roth Capital set a $212.00 price objective on Diamondback Energy and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research downgraded shares of Diamondback Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Scotiabank boosted their price target on shares of Diamondback Energy from $175.00 to $195.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Sanford C. Bernstein upped their price objective on shares of Diamondback Energy from $237.00 to $241.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded Diamondback Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Diamondback Energy currently has a consensus rating of “Buy” and a consensus target price of $219.25.

Hedge Funds Weigh In On Diamondback Energy

Institutional investors have recently bought and sold shares of the company. Cresset Asset Management LLC lifted its position 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 valued at $649,000 after buying an additional 1,288 shares during the last quarter. Jump Financial LLC bought a new stake in Diamondback Energy in the 2nd quarter valued at about $2,301,000. Cerity Partners LLC lifted its holdings in Diamondback Energy by 13.5% during the second quarter. Cerity Partners LLC now owns 51,104 shares of the oil and natural gas company’s stock valued at $7,022,000 after purchasing an additional 6,069 shares during the last quarter. AXA S.A. lifted its holdings in Diamondback Energy by 8.5% during the second quarter. AXA S.A. now owns 52,355 shares of the oil and natural gas company’s stock valued at $7,194,000 after purchasing an additional 4,103 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Diamondback Energy by 37.1% during 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 during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

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.