Insider Selling: Diamondback Energy (NASDAQ:FANG) EVP Sells $3,761,820.00 in Stock

Diamondback Energy, Inc. (NASDAQ:FANG) EVP Matt Zmigrosky sold 20,899 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $180.00, for a total transaction of $3,761,820.00. Following the completion of the sale, the executive vice president directly owned 60,493 shares in the company, valued at approximately $10,888,740. This represents a 25.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, March 18th, Matt Zmigrosky sold 4,101 shares of Diamondback Energy stock. The stock was sold at an average price of $190.51, for a total value of $781,281.51.

Diamondback Energy Stock Up 0.3%

Shares of FANG opened at $190.31 on Friday. The company has a market capitalization of $53.53 billion, a PE ratio of 33.92 and a beta of 0.59. Diamondback Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $193.75. The stock’s 50-day moving average price is $167.53 and its two-hundred day moving average price is $153.53. 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 (NASDAQ:FANG) last issued its quarterly earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share for the quarter, missing the consensus estimate 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 company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.67 EPS. On average, analysts anticipate that Diamondback Energy, Inc. will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were issued a $1.05 dividend. The ex-dividend date was Thursday, March 5th. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.2%. Diamondback Energy’s dividend payout ratio (DPR) is currently 74.87%.

Diamondback Energy News Summary

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

• Positive Sentiment: Multiple banks raised ratings and price targets (large upside signals that boost demand): Raymond James moved its target to $240. Raymond James PT Raise
• Positive Sentiment: Wells Fargo reiterated a positive view and raised its target to $202, supporting buy-side interest. Wells Fargo Note
• Positive Sentiment: Diamondback increased its quarterly dividend to $1.05 (annualized $4.20), raising yield and reinforcing the stock’s income appeal. Dividend Increase
• Neutral Sentiment: Short-interest data shows effectively zero reported short position (likely a data glitch), so short squeezes are not a near‑term factor. (internal filings/data)
• Neutral Sentiment: Analyst/press coverage names Diamondback as a play on higher oil prices while also noting some peers (ConocoPhillips, EOG) currently show stronger liquidity/leverage metrics — useful for relative positioning but not directly negative to FANG. Peer Coverage
• Negative Sentiment: Significant insider selling across multiple executives could cap upside and concerns among some investors: EVP Matt Zmigrosky sold a large block (reported 20,899 shares) and other insiders have sold in recent days. Zmigrosky Sale
• Negative Sentiment: Director Steven E. West sold 6,000 shares (~$1.13M) — filing with the SEC. Steven West SEC Filing
• Negative Sentiment: CAO Teresa L. Dick sold 5,000 shares (~$950k) and CFO Jere Thompson III also trimmed a small position (750 shares) — additional insider dispositions disclosed via SEC filings. Teresa Dick SEC Filing Thompson SEC Filing

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FANG. Citigroup lowered their price target on shares of Diamondback Energy from $180.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $173.00 price objective on shares of Diamondback Energy in a research note on Monday, January 19th. Raymond James Financial lifted their target price on shares of Diamondback Energy from $210.00 to $240.00 and gave the stock a “strong-buy” rating in a research note on Tuesday. Freedom Capital upgraded shares of Diamondback Energy to a “strong-buy” rating in a report on Tuesday, March 10th. 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 research report on Wednesday, March 11th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $195.43.

Hedge Funds Weigh In On Diamondback Energy

A number of institutional investors and hedge funds have recently modified their holdings of FANG. Wellington Management Group LLP increased its stake in shares of Diamondback Energy by 74.1% in the 4th quarter. Wellington Management Group LLP now owns 3,239,837 shares of the oil and natural gas company’s stock valued at $487,045,000 after acquiring an additional 1,379,010 shares in the last quarter. EnCap Energy Capital Fund XII L.P. acquired a new position in shares of Diamondback Energy during the 4th quarter valued at $169,342,000. Smead Capital Management Inc. bought a new position in Diamondback Energy during the second quarter worth $144,775,000. Capital Research Global Investors boosted its stake in Diamondback Energy by 38.0% during the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock worth $543,610,000 after acquiring an additional 1,046,398 shares in the last quarter. Finally, Encompass Capital Advisors LLC acquired a new stake in Diamondback Energy in the fourth quarter worth $112,198,000. 90.01% of the stock is currently owned by institutional investors.

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.