Diamondback Energy (NASDAQ:FANG) EVP Matt Zmigrosky Sells 4,101 Shares

Diamondback Energy, Inc. (NASDAQ:FANG) EVP Matt Zmigrosky sold 4,101 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $190.51, for a total value of $781,281.51. Following the transaction, the executive vice president directly owned 56,392 shares in the company, valued at approximately $10,743,239.92. The trade was a 6.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, March 13th, Matt Zmigrosky sold 20,899 shares of Diamondback Energy stock. The shares were sold at an average price of $180.00, for a total value of $3,761,820.00.

Diamondback Energy Trading Up 0.3%

NASDAQ FANG traded up $0.63 during trading on Thursday, hitting $190.31. The stock had a trading volume of 3,251,476 shares, compared to its average volume of 2,793,750. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $53.53 billion, a PE ratio of 33.92 and a beta of 0.59. The firm has a 50 day moving average price of $166.68 and a 200 day moving average price of $153.28. Diamondback Energy, Inc. has a twelve month low of $114.00 and a twelve month high of $193.75.

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 (EPS) 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 business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period in the prior year, the company posted $3.67 EPS. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were given a $1.05 dividend. The ex-dividend date of this dividend was Thursday, March 5th. 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. Diamondback Energy’s dividend payout ratio is 74.87%.

Diamondback Energy News Roundup

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

• Positive Sentiment: Several firms raised price targets and reiterations surfaced this week (Raymond James raised its PT to $240; UBS, Wells Fargo and others boosted targets), supporting upside expectations and likely fueling buying interest. Raymond James PT Raise
• Positive Sentiment: Macro/sector tailwinds: Bank of America and other outlets highlighted a tighter oil supply outlook (Strait of Hormuz disruptions) that lifts the U.S. energy outlook and makes Permian producers like Diamondback attractive. BofA Oil Outlook
• Positive Sentiment: Dividend increase: the company recently raised its quarterly dividend to $1.05 (annualized $4.20, ~2.2% yield), which can support investor demand from income-focused holders. Dividend Announcement
• Neutral Sentiment: Short interest data reported no material short position (short-interest ratio ~0 days), which suggests limited short-squeeze dynamics but also little bearish positioning to unwind. (Data point: March 19 short interest update.)
• Negative Sentiment: Large insider selling: EVP Matt Zmigrosky disclosed a sizeable sale (reported filings show cumulative sales — including a 20,899-share disposition), which may concern some investors about insider conviction. Zmigrosky SEC Filing
• Negative Sentiment: Additional insider sales: CAO Teresa L. Dick sold 5,000 shares (~$950k) and CFO Jere Thompson III sold 750 shares; multiple insider dispositions in a short window can weigh on sentiment despite being common for tax or diversification reasons. Teresa Dick SEC Filing Thompson SEC Filing

Analysts Set New Price Targets

FANG has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of Diamondback Energy from $171.00 to $202.00 and gave the stock an “overweight” rating in a research note on Monday. UBS Group lifted their price target on shares of Diamondback Energy from $194.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Raymond James Financial boosted their price target on shares of Diamondback Energy from $210.00 to $240.00 and gave the stock a “strong-buy” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Diamondback Energy in a research report on Monday, December 29th. Finally, Sanford C. Bernstein reduced their price objective on shares of Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $195.43.

Hedge Funds Weigh In On Diamondback Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new position in Diamondback Energy in the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. lifted its position in shares of Diamondback Energy by 245.1% during the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 125 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Diamondback Energy in the 4th quarter valued at $26,000. JPL Wealth Management LLC acquired a new position in shares of Diamondback Energy in the 3rd quarter valued at $26,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of Diamondback Energy by 106.3% in the 3rd 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 buying an additional 102 shares during the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

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.