CIBC Private Wealth Group LLC Sells 3,319 Shares of Diamondback Energy, Inc. $FANG

CIBC Private Wealth Group LLC decreased its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,138 shares of the oil and natural gas company’s stock after selling 3,319 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.06% of Diamondback Energy worth $26,064,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in Diamondback Energy in the 3rd quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Diamondback Energy by 106.3% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 102 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Diamondback Energy during the second quarter valued at about $29,000. Salomon & Ludwin LLC bought a new stake in shares of Diamondback Energy during the third quarter worth about $31,000. Finally, Estabrook Capital Management bought a new stake in shares of Diamondback Energy during the second quarter worth about $41,000. Institutional investors own 90.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FANG. The Goldman Sachs Group raised their price objective 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. Weiss Ratings reissued a “hold (c)” rating on shares of Diamondback Energy in a report on Monday, December 29th. Morgan Stanley decreased their price target on shares of Diamondback Energy from $183.00 to $171.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Wall Street Zen downgraded shares of Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Finally, TD Cowen upgraded shares of Diamondback Energy to a “strong-buy” rating in a report on Monday, February 9th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $195.43.

Insider Activity

In other news, CAO Teresa L. Dick sold 5,000 shares of Diamondback Energy stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $190.00, for a total value of $950,000.00. Following the completion of the transaction, the chief accounting officer directly owned 107,755 shares of the company’s stock, valued at approximately $20,473,450. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Matt Zmigrosky sold 4,101 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $190.51, for a total value of $781,281.51. Following the completion of the transaction, the executive vice president directly owned 56,392 shares in the company, valued at $10,743,239.92. This represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,209,212 shares of company stock worth $199,689,401. 0.70% of the stock is owned by insiders.

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

Diamondback Energy Stock Up 0.3%

Shares of NASDAQ FANG opened at $190.31 on Friday. The company has a market capitalization of $53.53 billion, a P/E ratio of 33.92 and a beta of 0.59. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $193.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.42. The company’s 50 day moving average price is $167.53 and its 200-day moving average price is $153.53.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data 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). Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the company earned $3.67 earnings per share. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.2%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, March 5th. Diamondback Energy’s payout ratio is currently 74.87%.

Diamondback Energy 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.