Matt Zmigrosky Sells 5,000 Shares of Diamondback Energy (NASDAQ:FANG) Stock

Diamondback Energy, Inc. (NASDAQ:FANG) EVP Matt Zmigrosky sold 5,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $200.54, for a total value of $1,002,700.00. Following the completion of the transaction, the executive vice president directly owned 46,392 shares in the company, valued at approximately $9,303,451.68. The trade was a 9.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matt Zmigrosky also recently made the following trade(s):

• On Wednesday, May 13th, Matt Zmigrosky sold 5,000 shares of Diamondback Energy stock. The shares were sold at an average price of $200.10, for a total value of $1,000,500.00.
• On Wednesday, March 18th, Matt Zmigrosky sold 4,101 shares of Diamondback Energy stock. The shares were sold at an average price of $190.51, for a total value of $781,281.51.
• On Friday, March 13th, Matt Zmigrosky sold 20,899 shares of Diamondback Energy stock. The shares were sold at an average price of $180.00, for a total value of $3,761,820.00.

Diamondback Energy Price Performance

NASDAQ FANG opened at $210.59 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The stock’s fifty day moving average price is $196.02 and its 200 day moving average price is $173.21. Diamondback Energy, Inc. has a 1 year low of $134.30 and a 1 year high of $214.51. The company has a market cap of $59.24 billion, a price-to-earnings ratio of 244.87 and a beta of 0.42.

Diamondback Energy (NASDAQ:FANG) last released 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 firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the firm earned $4.54 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Diamondback Energy, Inc. will post 19.54 earnings per share for the current year.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, May 14th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s payout ratio is currently 511.63%.

Analyst Ratings Changes

Several equities research analysts have commented on FANG shares. Scotiabank upped their price target on shares of Diamondback Energy from $175.00 to $195.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Mizuho upped their price target on shares of Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Morgan Stanley upped their price target on shares of Diamondback Energy from $224.00 to $229.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Benchmark lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, The Goldman Sachs Group upped their price target on shares of Diamondback Energy from $187.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Diamondback Energy presently has an average rating of “Moderate Buy” and an average price target of $223.26.

Diamondback Energy News Summary

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

• Positive Sentiment: Zacks Research raised Diamondback’s earnings estimates for several future periods, including Q1 2027, Q2 2027, Q3 2027, and FY2028, suggesting a better profit outlook for the oil producer.
• Positive Sentiment: Diamondback is also benefiting from broader optimism around oil prices, including commentary from Exxon that points to potentially very strong Permian Basin economics if crude remains elevated.
• Positive Sentiment: Recent analyst coverage remains constructive overall, with the stock carrying a “Moderate Buy” consensus and several firms maintaining bullish targets.
• Neutral Sentiment: Jim Cramer highlighted Diamondback as a name on his radar among oil stocks, which may increase visibility but does not change fundamentals by itself. Diamondback Energy (FANG) Is On Jim Cramer’s Radar When It Comes To Oil Stocks
• Neutral Sentiment: Multiple insider sales by executives, including EVP Matt Zmigrosky and CAO Teresa L. Dick, may weigh on sentiment slightly, though these sales appear to be relatively routine after the stock’s strong run. SEC filing for Matt Zmigrosky sale SEC filing for Teresa L. Dick sale
• Negative Sentiment: One article notes Diamondback is still down modestly since its last earnings report, reflecting some investor caution despite the company’s solid quarterly beat.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FANG. Cedar Mountain Advisors LLC purchased a new stake in shares of Diamondback Energy during the first quarter worth about $26,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Diamondback Energy during the fourth quarter worth about $25,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Diamondback Energy during the fourth quarter worth about $26,000. Richardson Financial Services Inc. increased its stake in shares of Diamondback Energy by 245.1% during the fourth quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in shares of Diamondback Energy during the third quarter worth about $26,000. Institutional investors and hedge funds 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.