North Dakota State Investment Board Invests $983,000 in Diamondback Energy, Inc. $FANG

North Dakota State Investment Board purchased a new position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 6,541 shares of the oil and natural gas company’s stock, valued at approximately $983,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Scotia Capital Inc. raised its stake in shares of Diamondback Energy by 0.3% during the 3rd quarter. Scotia Capital Inc. now owns 19,719 shares of the oil and natural gas company’s stock valued at $2,822,000 after purchasing an additional 68 shares during the period. Equitable Trust Co. raised its stake in shares of Diamondback Energy by 0.7% during the 3rd quarter. Equitable Trust Co. now owns 10,030 shares of the oil and natural gas company’s stock valued at $1,435,000 after purchasing an additional 73 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of Diamondback Energy by 3.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,568 shares of the oil and natural gas company’s stock valued at $367,000 after purchasing an additional 74 shares during the period. Townsend & Associates Inc raised its stake in shares of Diamondback Energy by 0.5% during the 4th quarter. Townsend & Associates Inc now owns 14,330 shares of the oil and natural gas company’s stock valued at $2,161,000 after purchasing an additional 75 shares during the period. Finally, 180 Wealth Advisors LLC raised its stake in shares of Diamondback Energy by 2.9% during the 4th quarter. 180 Wealth Advisors LLC now owns 2,725 shares of the oil and natural gas company’s stock valued at $410,000 after purchasing an additional 78 shares during the period. Institutional investors own 90.01% of the company’s stock.

Trending Headlines about Diamondback Energy

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

• Positive Sentiment: Zacks Research raised earnings estimates for Diamondback Energy for Q2, Q3, Q4 2026 and FY2027, and kept a Strong-Buy rating, signaling confidence in the company’s profit outlook. Diamondback Energy earnings estimate updates
• Positive Sentiment: Bernstein reiterated an Outperform rating and raised its price target to $241, suggesting Wall Street still sees upside if oil supply concerns keep crude prices firm. Bernstein reiterates outperform on Diamondback Energy
• Positive Sentiment: Multiple articles highlighted that WTI crude remains above $100 and that Permian producers like Diamondback may benefit from strong commodity pricing and efficiency gains, which supports upstream earnings expectations. Oil remains above 100 Permian stocks article
• Positive Sentiment: Diamondback announced a planned leadership transition with board backing, which can reduce uncertainty if investors view it as orderly and strategic. Leadership transition announcement
• Neutral Sentiment: Brokerage-summary articles repeatedly cited Diamondback as a low-beta energy name and one that screens well for steadier portfolios, but these pieces were largely general commentary rather than new company-specific catalysts.
• Neutral Sentiment: A MarketWatch note said Diamondback outperformed peers despite losses in the broader session, indicating relative resilience rather than a new fundamental catalyst. MarketWatch stock outperforms competitors

Insiders Place Their Bets

In other Diamondback Energy news, Director Charles Alvin Meloy sold 7,857 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $183.27, for a total value of $1,439,952.39. Following the transaction, the director directly owned 974,149 shares in the company, valued at $178,532,287.23. This represents a 0.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matt Zmigrosky sold 20,899 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $180.00, for a total value of $3,761,820.00. Following the completion of the transaction, the executive vice president owned 60,493 shares in the company, valued at $10,888,740. This represents a 25.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 169,321 shares of company stock worth $31,055,475. 0.64% of the stock is owned by corporate insiders.

Diamondback Energy Price Performance

Shares of NASDAQ FANG opened at $204.33 on Thursday. The firm has a market capitalization of $57.48 billion, a P/E ratio of 237.60 and a beta of 0.46. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.31. The stock’s 50-day simple moving average is $193.23 and its two-hundred day simple moving average is $169.27. Diamondback Energy, Inc. has a twelve month low of $132.20 and a twelve month high of $214.51.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.74 by $0.49. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.54 EPS. As a group, equities analysts anticipate that Diamondback Energy, Inc. will post 18.93 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th will be paid a $1.10 dividend. The ex-dividend date is Thursday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.2%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s dividend payout ratio is currently 511.63%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FANG shares. TD Cowen upgraded Diamondback Energy to a “strong-buy” rating in a research note on Monday, February 9th. Morgan Stanley boosted their price objective on Diamondback Energy from $220.00 to $224.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Scotiabank boosted their price objective on Diamondback Energy from $175.00 to $195.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Barclays boosted their price objective on Diamondback Energy from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Five investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Diamondback Energy currently has a consensus rating of “Buy” and a consensus price target of $219.00.

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.