Diamondback Energy (NASDAQ:FANG) Price Target Raised to $202.00

Diamondback Energy (NASDAQ:FANG) had its price target boosted by Wells Fargo & Company from $171.00 to $202.00 in a report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the oil and natural gas company’s stock.

Other research analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Diamondback Energy in a research report on Monday, December 29th. Freedom Capital raised Diamondback Energy to a “strong-buy” rating in a research report on Tuesday, March 10th. Scotiabank set a $175.00 price target on Diamondback Energy in a research note on Friday, January 16th. TD Cowen upgraded Diamondback Energy to a “strong-buy” rating in a research report on Monday, February 9th. Finally, UBS Group lifted their price objective on Diamondback Energy from $194.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Diamondback Energy presently has a consensus rating of “Buy” and a consensus price target of $195.43.

Diamondback Energy Trading Up 1.3%

Shares of Diamondback Energy stock opened at $189.68 on Monday. Diamondback Energy has a 1 year low of $114.00 and a 1 year high of $191.20. The company’s fifty day simple moving average is $166.68 and its 200-day simple moving average is $153.28. The company has a market cap of $53.36 billion, a price-to-earnings ratio of 33.81 and a beta of 0.59. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS 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 net margin of 11.07% and a return on equity of 8.08%. Diamondback Energy’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.67 earnings per share. As a group, sell-side analysts expect that Diamondback Energy will post 15.49 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. Diamondback Energy’s payout ratio is currently 74.87%.

Insiders Place Their Bets

In related news, EVP Matt Zmigrosky sold 20,899 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $180.00, for a total transaction of $3,761,820.00. Following the completion of the sale, the executive vice president owned 60,493 shares in the company, valued at $10,888,740. This trade represents a 25.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Albert Barkmann sold 4,000 shares of Diamondback Energy stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $182.90, for a total transaction of $731,600.00. Following the transaction, the vice president directly owned 27,571 shares of the company’s stock, valued at $5,042,735.90. This represents a 12.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,194,111 shares of company stock worth $196,828,019 in the last quarter. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Diamondback Energy

A number of large investors have recently bought and sold shares of FANG. Wellington Management Group LLP raised its position in Diamondback Energy by 74.1% in the 4th quarter. Wellington Management Group LLP now owns 3,239,837 shares of the oil and natural gas company’s stock valued at $487,045,000 after purchasing an additional 1,379,010 shares during the last quarter. EnCap Energy Capital Fund XII L.P. acquired a new stake in shares of Diamondback Energy in the fourth quarter valued at $169,342,000. Smead Capital Management Inc. bought a new position in shares of Diamondback Energy in the second quarter valued at about $144,775,000. Capital Research Global Investors raised its holdings in shares of Diamondback Energy by 38.0% in the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock valued at $543,610,000 after buying an additional 1,046,398 shares during the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in Diamondback Energy during the 4th quarter worth about $112,198,000. 90.01% of the stock is currently owned by institutional investors.

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,” signaling substantial upside expectations that likely spurred buying interest. Read More.
• Positive Sentiment: Mizuho boosted its target to $220 and moved to “outperform,” adding to the cluster of bullish analyst actions. Read More.
• Positive Sentiment: Wells Fargo reiterated and raised its outlook (new $202 target/”overweight”), another institutional vote reinforcing the buy case. Read More.
• Positive Sentiment: UBS and Barclays have also lifted targets recently (UBS to $216, Barclays to ~$190), concentrating analyst optimism across the name. Read More.
• Positive Sentiment: Wider energy tailwinds: Bank of America highlights a supply shock that supports higher oil price assumptions—sector dynamics that benefit Diamondback. Read More.
• Positive Sentiment: Diamondback was named among energy picks to play higher oil in recent press (Barron’s), which can attract thematic flows into FANG. Read More.
• Positive Sentiment: Company raised its quarterly dividend to $1.05 (annualized $4.20), supporting yield‑focused demand. Read More.
• Neutral Sentiment: Citi reiterated a buy rating on FANG (continuing coverage) — supportive but less directional than the fresh PT increases. Read More.
• Neutral Sentiment: Diamondback missed the February quarter EPS consensus ($1.74 vs. ~$2.00) and saw revenue slip year‑over‑year — a reminder earnings risk remains. Read More.
• Negative Sentiment: Large insider sellings were disclosed this week: EVP Matt Zmigrosky sold ~20,899 shares (~25.7% reduction), which may spook some shareholders. Read More.
• Negative Sentiment: VP Albert Barkmann sold 4,000 shares and CFO Jere Thompson III sold 750 shares — multiple insider dispositions that investors should monitor for pattern and timing. Read More. Read More.

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.