Summit Global Investments Decreases Stock Holdings in Diamondback Energy, Inc. $FANG

Summit Global Investments lowered its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 20.1% during the third quarter, Holdings Channel.com reports. The fund owned 12,262 shares of the oil and natural gas company’s stock after selling 3,080 shares during the quarter. Summit Global Investments’ holdings in Diamondback Energy were worth $1,755,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC purchased a new position in Diamondback Energy during the second quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. increased 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 worth $28,000 after purchasing an additional 102 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Diamondback Energy during the 2nd quarter worth about $29,000. Salomon & Ludwin LLC acquired a new position in shares of Diamondback Energy during the 3rd quarter worth about $31,000. Finally, Estabrook Capital Management purchased a new position in Diamondback Energy in the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Diamondback Energy News Summary

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

• Positive Sentiment: Recent intraday momentum: Zacks flagged that FANG rose despite broader market weakness, reflecting investor appetite for the name. Diamondback Energy (FANG) Increases Despite Market Slip
• Positive Sentiment: Analyst support: William Blair reiterated a Buy, citing low‑cost operations, disciplined maintenance‑mode capital allocation and robust free cash flow — factors that support dividend/share‑repurchase capacity and investor confidence. Diamondback Energy: Low-Cost Resilience… Buy Rating
• Neutral Sentiment: Morgan Stanley cut its price target to $171 from $183 but kept an Overweight rating — a mixed signal: the firm remains constructive on FANG’s fundamentals while reflecting lower oil‑price assumptions that reduce upside. Morgan Stanley Lowered Diamondback Energy Target to $171
• Neutral Sentiment: Consensus/ratings context: Coverage publications note an average analyst view of “Moderate Buy,” keeping broader market sentiment mildly positive but not uniformly bullish. Diamondback Given Average Rating of Moderate Buy
• Neutral Sentiment: Valuation & comparisons: Recent pieces assessing valuation and peer comparisons provide context but no single catalyst — useful for longer‑term positioning rather than immediate price moves. Assessing Diamondback Energy’s Valuation Comparing Diamondback & Black Dragon
• Neutral Sentiment: Short interest report shows no meaningful change (data appears abnormal/zero), so there’s no clear short‑squeeze or large short positioning signal at present. (Market data release.)
• Negative Sentiment: Earnings revision risk: Zacks Research trimmed its Q3 2026 EPS estimate to $2.23 from $2.38, which could pressure near‑term sentiment if other forecasters follow suit or if macro drivers (oil prices) weaken. Zacks Drops Q3 EPS Estimate

Wall Street Analyst Weigh In

FANG has been the subject of several research reports. Wall Street Zen lowered Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Mizuho lowered their price target on Diamondback Energy from $195.00 to $194.00 and set an “outperform” rating on the stock in a research note on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $173.00 price target on shares of Diamondback Energy in a research report on Friday, October 10th. Scotiabank set a $175.00 price objective on Diamondback Energy in a research note on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Diamondback Energy in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.90.

Diamondback Energy Price Performance

NASDAQ:FANG opened at $163.07 on Friday. Diamondback Energy, Inc. has a one year low of $114.00 and a one year high of $173.01. The stock has a market cap of $46.70 billion, a PE ratio of 11.33 and a beta of 0.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 0.62. The stock has a 50 day moving average price of $151.80 and a 200 day moving average price of $146.12.

Diamondback Energy (NASDAQ:FANG) last released its quarterly earnings data on Monday, November 3rd. The oil and natural gas company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.14. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.48 billion. Diamondback Energy had a return on equity of 9.57% and a net margin of 27.32%.The firm’s revenue for the quarter was up 48.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 earnings per share. Equities research analysts expect that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. Diamondback Energy’s dividend payout ratio is currently 27.80%.

Insider Activity

In related news, Director Charles Alvin Meloy sold 377,911 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $138.61, for a total transaction of $52,382,243.71. Following the completion of the sale, the director directly owned 1,044,864 shares in the company, valued at approximately $144,828,599.04. This trade represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% 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.