Park National Corp OH Reduces Stake in Diamondback Energy, Inc. $FANG

Park National Corp OH lowered its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 91.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,976 shares of the oil and natural gas company’s stock after selling 22,470 shares during the period. Park National Corp OH’s holdings in Diamondback Energy were worth $297,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FANG. Park Avenue Securities LLC lifted its holdings in Diamondback Energy by 11.0% in the fourth quarter. Park Avenue Securities LLC now owns 4,741 shares of the oil and natural gas company’s stock valued at $713,000 after acquiring an additional 468 shares during the period. Miller Global Investments LLC bought a new stake in shares of Diamondback Energy during the 4th quarter valued at about $561,000. GAMMA Investing LLC grew its stake in shares of Diamondback Energy by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 6,395 shares of the oil and natural gas company’s stock valued at $961,000 after purchasing an additional 647 shares during the period. Allworth Financial LP increased its position in shares of Diamondback Energy by 8.8% during the 3rd quarter. Allworth Financial LP now owns 2,159 shares of the oil and natural gas company’s stock valued at $309,000 after purchasing an additional 174 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Diamondback Energy in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Broad analyst endorsement — 26 covering analysts have an average “Buy” rating on FANG, reinforcing institutional confidence and helping momentum. Article Title
• Positive Sentiment: Analyst upgrades / 52‑week high — Recent upgrades pushed FANG to a new 52‑week high, attracting momentum traders and supporting the rally. Article Title
• Positive Sentiment: Dividend increase — The company raised its quarterly payout (now $1.05 per share), improving yield and income appeal for dividend-focused investors.
• Neutral Sentiment: Short‑interest data appears anomalous — Reported short interest showed zero in the recent snapshot (likely a data/reporting issue), so there’s no clear short‑squeeze signal from the published figures.
• Neutral Sentiment: Market coverage roundup — Aggregators highlighted insider selling among several names including FANG; such write‑ups are informational and don’t by themselves prove negative intent. Article Title
• Negative Sentiment: Multiple material insider sales this week — Several executives/directors sold shares (EVP Matt Zmigrosky, CAO Teresa L. Dick, Director Steven E. West), with Zmigrosky’s recent transactions disclosed in SEC filings; clustered insider selling can weigh on sentiment even when attributed to diversification or tax planning. Article Title
• Negative Sentiment: Recent earnings miss — FANG’s latest quarter missed EPS and revenue estimates, which remains a fundamental caution point for some investors despite the subsequent analyst optimism. Article Title

Diamondback Energy Price Performance

Shares of NASDAQ:FANG opened at $192.54 on Friday. The company has a market capitalization of $54.16 billion, a P/E ratio of 34.32 and a beta of 0.59. Diamondback Energy, Inc. has a 1-year low of $114.00 and a 1-year high of $194.68. The firm’s 50 day simple moving average is $168.44 and its two-hundred day simple moving average is $153.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.42 and a quick ratio of 0.40.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings data on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the company earned $3.67 earnings per share. Research analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The company 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 of this dividend was Thursday, March 5th. This represents a $4.20 annualized dividend and a yield of 2.2%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.00. Diamondback Energy’s payout ratio is currently 74.87%.

Insiders Place Their Bets

In other Diamondback Energy news, Director Steven E. West sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the sale, the director directly owned 4,484 shares of the company’s stock, valued at $844,561.40. This trade represents a 57.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jere W. Thompson III sold 750 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $182.47, for a total value of $136,852.50. Following the completion of the transaction, the chief financial officer owned 19,975 shares in the company, valued at $3,644,838.25. The trade was a 3.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,209,212 shares of company stock worth $199,689,401 in the last three months. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on FANG. Barclays raised their price objective on shares of Diamondback Energy from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a $173.00 target price on shares of Diamondback Energy in a report on Monday, January 19th. Wells Fargo & Company increased their price target on shares of Diamondback Energy from $171.00 to $202.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Diamondback Energy in a research note on Monday, December 29th. Finally, Roth Mkm reissued a “buy” rating and set a $180.00 price objective on shares of Diamondback Energy in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Diamondback Energy presently has a consensus rating of “Buy” and an average price target of $195.43.

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.