Diamondback Energy (NASDAQ:FANG) Now Covered by Truist Financial

Truist Financial began coverage on shares of Diamondback Energy (NASDAQ:FANG) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $222.00 price objective on the oil and natural gas company’s stock.

Other research analysts also recently issued research reports about the stock. Raymond James Financial increased their price objective on shares of Diamondback Energy from $210.00 to $240.00 and gave the company a “strong-buy” rating in a research report on Tuesday, March 17th. Sanford C. Bernstein cut their target price on shares of Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. TD Cowen upgraded shares of Diamondback Energy to a “strong-buy” rating in a research note on Monday, February 9th. Roth Mkm reissued a “buy” rating and set a $180.00 price target on shares of Diamondback Energy in a report on Tuesday, February 24th. Finally, Wells Fargo & Company raised their price target on Diamondback Energy from $171.00 to $202.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $194.48.

Diamondback Energy Trading Up 2.8%

Diamondback Energy stock opened at $197.06 on Tuesday. Diamondback Energy has a one year low of $114.00 and a one year high of $199.96. The business’s fifty day moving average is $170.24 and its 200 day moving average is $154.70. The stock has a market capitalization of $55.43 billion, a PE ratio of 35.13 and a beta of 0.59. 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 issued its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). The business 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%.Diamondback Energy’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted $3.67 EPS. On average, sell-side analysts predict that Diamondback Energy will post 15.49 EPS 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 issued a dividend of $1.05 per share. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, March 5th. Diamondback Energy’s payout ratio is presently 74.87%.

Insiders Place Their Bets

In related news, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of Diamondback Energy stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $162.88, for a total transaction of $162,880,000.00. Following the transaction, the insider owned 98,686,727 shares in the company, valued at approximately $16,074,094,093.76. The trade was a 1.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven E. West sold 6,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director directly owned 4,484 shares of the company’s stock, valued at $844,561.40. This represents a 57.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,209,212 shares of company stock valued at $199,689,401. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Diamondback Energy

Several large investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of Diamondback Energy by 74.1% during the fourth quarter. Wellington Management Group LLP now owns 3,239,837 shares of the oil and natural gas company’s stock worth $487,045,000 after purchasing an additional 1,379,010 shares in the last quarter. EnCap Energy Capital Fund XII L.P. purchased a new position in Diamondback Energy in the 4th quarter worth approximately $169,342,000. Smead Capital Management Inc. purchased a new position in Diamondback Energy in the 2nd quarter worth approximately $144,775,000. Capital Research Global Investors boosted its stake in Diamondback Energy by 38.0% in the 3rd 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 purchasing an additional 1,046,398 shares during the period. Finally, Encompass Capital Advisors LLC bought a new position in Diamondback Energy in the 4th quarter worth approximately $112,198,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Diamondback Energy

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

• Positive Sentiment: Truist initiated coverage with a Buy and a $222 price target, giving institutional validation and signaling ~double‑digit upside from current levels; analyst initiation often supports higher near‑term demand for shares. Diamondback Energy: Premier Permian…
• Positive Sentiment: Zacks noted that Diamondback outperformed the broader market on a day the market dipped — a sign that relative strength and investor preference for energy names is supporting the stock. Why the Market Dipped But Diamondback Energy (FANG) Gained Today
• Positive Sentiment: Sector tailwinds: coverage highlighting higher crude (near $100/bbl) boosts the outlook for Permian pure‑plays like Diamondback, supporting revenue and free‑cash‑flow expectations. Energy‑themed analyst pieces are lifting sentiment across peers. 3 Stocks Positioned to Gain From Ongoing Elevation in Crude Price
• Positive Sentiment: Media mentions/roundups (including Goldman Sachs/industry pick coverage) are increasing visibility for energy names; inclusion in positive analyst roundups can attract flows from funds tracking analyst momentum. Goldman Sachs Top Energy Picks Have Big Upside and Pay Solid Dividends
• Neutral Sentiment: Short‑interest reports show anomalous/zero values and NaN changes across several updates — this appears to be a data/reporting issue. At face value the data imply no meaningful short pressure (no days‑to‑cover), but the figures are inconsistent and should be treated cautiously until exchanges/registrars confirm. (Multiple short‑interest entries 3/23–3/24 — internal data feed.)

About Diamondback Energy

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.