Korea Investment CORP Cuts Stake in Diamondback Energy, Inc. $FANG

Korea Investment CORP lowered its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 14.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 69,812 shares of the oil and natural gas company’s stock after selling 11,501 shares during the period. Korea Investment CORP’s holdings in Diamondback Energy were worth $9,990,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Savant Capital LLC lifted its stake in shares of Diamondback Energy by 78.3% in the 2nd quarter. Savant Capital LLC now owns 15,178 shares of the oil and natural gas company’s stock valued at $2,086,000 after acquiring an additional 6,665 shares during the last quarter. Wedbush Securities Inc. grew its position in Diamondback Energy by 32.8% during the 2nd quarter. Wedbush Securities Inc. now owns 3,587 shares of the oil and natural gas company’s stock worth $493,000 after acquiring an additional 885 shares during the last quarter. Vise Technologies Inc. purchased a new position in Diamondback Energy in the 2nd quarter worth approximately $962,000. National Pension Service lifted its position in Diamondback Energy by 0.6% in the second quarter. National Pension Service now owns 338,131 shares of the oil and natural gas company’s stock valued at $46,459,000 after purchasing an additional 2,005 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in Diamondback Energy by 3,330.4% in the second quarter. SBI Securities Co. Ltd. now owns 73,136 shares of the oil and natural gas company’s stock valued at $10,049,000 after purchasing an additional 71,004 shares during the last quarter. 90.01% of the stock is owned by institutional investors.

Diamondback Energy News Summary

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

• Positive Sentiment: Goldman Sachs raised its price target on FANG to $212 and kept a “buy” rating, providing a sizable upside view versus the current price; this supports longer‑term valuation expectations. Goldman Sachs price target raise
• Positive Sentiment: Zacks issued several updates that include higher FY2027 estimates (FY2027 EPS raised), which traders may view as supportive for multi‑year earnings growth despite near‑term cuts. Zacks research notes
• Neutral Sentiment: Short‑interest data published for early March appears to show zero reported short interest and a 0.0 days‑to‑cover figure — likely a data reporting glitch and not meaningful to the market. (Treat with caution.)
• Neutral Sentiment: Analyst revisions are mixed: Zacks trimmed several near‑term (Q1–Q3 FY2026) estimates and FY2026 EPS while raising some later‑year targets — this creates ambiguity around near‑term guidance versus longer‑term outlook. Zacks estimates changes
• Negative Sentiment: The largest shareholder, SGF FANG Holdings, priced an underwritten secondary offering of 11,000,000 Diamondback shares (gross proceeds ~ $1.9B). Diamondback will receive no proceeds — the sale increases available share supply and creates near‑term selling pressure. The offering is expected to close subject to customary conditions. Secondary offering priced
• Negative Sentiment: Market reports show the large shareholder offering (priced ~ $172.25–$176 per share in some reports) and the launch/pricing have already weighed on the stock, with coverage noting FANG shares moved lower after the announcement. Market reaction to offering
• Negative Sentiment: Significant insider selling by senior executives has been filed: Chairman Travis Stice disclosed large sales (multiple filings) and Director Charles Alvin Meloy also sold shares — combined insider sales increase concern about shareholder exits. Chairman SEC filing Director sale

Diamondback Energy Stock Down 1.0%

Shares of NASDAQ FANG opened at $176.64 on Thursday. The firm has a fifty day simple moving average of $163.00 and a two-hundred day simple moving average of $151.99. Diamondback Energy, Inc. has a 12 month low of $114.00 and a 12 month high of $186.65. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $49.83 billion, a PE ratio of 31.49 and a beta of 0.59.

Diamondback Energy (NASDAQ:FANG) last announced 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). Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the previous year, the firm posted $3.67 EPS. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. Equities analysts expect that Diamondback Energy, Inc. will post 15.49 earnings per share for the current year.

Diamondback Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.4%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.00. The ex-dividend date is Thursday, March 5th. Diamondback Energy’s dividend payout ratio (DPR) is 74.87%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FANG. Barclays raised their target price on shares of Diamondback Energy from $178.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Susquehanna increased their price target on shares of Diamondback Energy from $182.00 to $199.00 and gave the company a “positive” rating in a research report on Wednesday, February 25th. Jefferies Financial Group restated a “hold” rating and issued a $173.00 price objective on shares of Diamondback Energy in a research report on Monday, January 19th. Piper Sandler lowered their price objective on shares of Diamondback Energy from $218.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Finally, Wall Street Zen cut Diamondback Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Diamondback Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.10.

Insiders Place Their Bets

In other Diamondback Energy news, Chairman Travis D. Stice sold 36,043 shares of Diamondback Energy stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $181.08, for a total transaction of $6,526,666.44. Following the sale, the chairman directly owned 123,745 shares of the company’s stock, valued at approximately $22,407,744.60. The trade was a 22.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles Alvin Meloy sold 7,857 shares of the company’s stock in a transaction that occurred on 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 owned 974,149 shares in the company, valued at $178,532,287.23. This trade represents a 0.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,168,462 shares of company stock worth $192,197,747 over the last three months. Company insiders own 0.70% of the company’s stock.

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.