Diamondback Energy, Inc. $FANG Shares Bought by Second Line Capital LLC

Second Line Capital LLC boosted its stake in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 22.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,405 shares of the oil and natural gas company’s stock after purchasing an additional 4,714 shares during the period. Second Line Capital LLC’s holdings in Diamondback Energy were worth $3,635,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FANG. JPL Wealth Management LLC purchased a new position in shares of Diamondback Energy in the third quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings 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 valued at $28,000 after buying an additional 102 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Diamondback Energy during the third quarter valued at $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Diamondback Energy in the 2nd quarter valued at $29,000. Finally, Estabrook Capital Management purchased a new position in Diamondback Energy in the 2nd quarter worth $41,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Diamondback Energy Trading Up 2.7%

NASDAQ FANG opened at $187.22 on Wednesday. Diamondback Energy, Inc. has a 1 year low of $114.00 and a 1 year high of $188.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.42 and a quick ratio of 0.40. The company has a market capitalization of $52.66 billion, a PE ratio of 33.37 and a beta of 0.59. The company has a fifty day moving average of $165.70 and a 200 day moving average of $153.02.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.26). The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.41 billion. Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.Diamondback Energy’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.67 earnings per share. 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 announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were paid a $1.05 dividend. The ex-dividend date was Thursday, March 5th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.2%. Diamondback Energy’s dividend payout ratio (DPR) is currently 74.87%.

Trending Headlines about Diamondback Energy

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

• Positive Sentiment: Raymond James raised its price target to $240 and assigned a “strong‑buy” — a large upside signal that likely boosted investor demand. Raymond James PT Raise
• Positive Sentiment: Mizuho bumped its target to $220 and moved to “outperform,” reinforcing bullish analyst momentum across the stock. Mizuho PT Raise
• Positive Sentiment: Wells Fargo raised its target to $202 with an “overweight” rating — another vote of confidence from a large bank. Wells Fargo PT Raise
• Positive Sentiment: Barclays lifted its target to $190 and kept an “overweight” stance, adding to the cluster of price‑target increases. Barclays PT Raise
• Positive Sentiment: Press and research pieces name Diamondback as a way to play higher oil prices (Barron’s and Goldman Sachs roundup of energy picks), which supports sector‑driven buying. Barron’s: Underappreciated Energy Stocks
• Neutral Sentiment: Coverage noting peers (ConocoPhillips, EOG) outperforming on liquidity and leverage may shift relative positioning among large‑cap energy names but is not directly negative for Diamondback. BofA Peer Liquidity Note
• Negative Sentiment: EVP Matt Zmigrosky sold 20,899 shares at ~$180 (25.7% reduction in his holding) — a large insider sale that may concern some investors. SEC Filing — Zmigrosky
• Negative Sentiment: VP Albert Barkmann sold 4,000 shares at ~$182.90 (12.7% reduction), another insider disposition disclosed to the SEC. SEC Filing — Barkmann
• Negative Sentiment: CFO Jere W. Thompson III sold 750 shares at ~$182.47 (3.6% reduction), a smaller but still notable insider sale. SEC Filing — Thompson

Insider Activity

In other Diamondback Energy news, Chairman Travis D. Stice sold 36,043 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $181.08, for a total value of $6,526,666.44. Following the completion of the transaction, 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 ownership of the stock. The sale 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 completion of the sale, the director owned 974,149 shares in the company, valued at approximately $178,532,287.23. This represents a 0.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,194,111 shares of company stock valued at $196,828,019 over the last 90 days. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FANG. Sanford C. Bernstein lowered their price target on Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Diamondback Energy in a report on Monday, December 29th. Citigroup reduced their price objective on Diamondback Energy from $180.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. UBS Group lifted their target price on Diamondback Energy from $194.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Mizuho upped their target price on Diamondback Energy from $205.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday. Three 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 company’s stock. According to MarketBeat, Diamondback Energy currently has a consensus rating of “Buy” and an average price target of $195.43.

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.