Miller Global Investments LLC Buys Shares of 3,730 Diamondback Energy, Inc. $FANG

Miller Global Investments LLC purchased a new position in Diamondback Energy, Inc. (NASDAQ:FANG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,730 shares of the oil and natural gas company’s stock, valued at approximately $561,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Diamondback Energy by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 23,325,287 shares of the oil and natural gas company’s stock valued at $3,204,894,000 after acquiring an additional 388,512 shares during the last quarter. Boston Partners lifted its position in shares of Diamondback Energy by 2.9% during the third quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock worth $821,649,000 after purchasing an additional 163,548 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Diamondback Energy by 38.0% during the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company’s stock worth $543,610,000 after purchasing an additional 1,046,398 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Diamondback Energy by 9.6% during the third quarter. Invesco Ltd. now owns 3,120,359 shares of the oil and natural gas company’s stock valued at $446,523,000 after purchasing an additional 274,331 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Diamondback Energy by 9.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,355,480 shares of the oil and natural gas company’s stock valued at $337,078,000 after purchasing an additional 198,919 shares during the period. 90.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup reduced their price target on shares of Diamondback Energy from $180.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. Sanford C. Bernstein dropped their target price on shares of Diamondback Energy from $199.00 to $190.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. The Goldman Sachs Group raised their target price on shares of Diamondback Energy from $187.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Mizuho lifted their price target on shares of Diamondback Energy from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Freedom Capital upgraded Diamondback Energy to a “strong-buy” rating in a report on Tuesday, March 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Diamondback Energy currently has a consensus rating of “Buy” and an average price target of $195.43.

Diamondback Energy Stock Up 0.3%

Shares of Diamondback Energy stock opened at $190.31 on Friday. 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 cap of $53.53 billion, a P/E ratio of 33.92 and a beta of 0.59. The firm’s 50 day moving average price is $167.53 and its 200-day moving average price is $153.53. Diamondback Energy, Inc. has a 52-week low of $114.00 and a 52-week high of $193.75.

Diamondback Energy (NASDAQ:FANG) last posted its earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.26). The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Diamondback Energy had a net margin of 11.07% and a return on equity of 8.08%. The company’s revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.67 EPS. On average, sell-side analysts predict that Diamondback Energy, Inc. will post 15.49 EPS for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were issued a dividend of $1.05 per share. The ex-dividend date was Thursday, March 5th. This represents a $4.20 annualized dividend and a dividend yield of 2.2%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.00. Diamondback Energy’s dividend payout ratio (DPR) is currently 74.87%.

Diamondback Energy News Roundup

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

• Positive Sentiment: Multiple banks raised ratings and price targets (large upside signals that boost demand): Raymond James moved its target to $240. Raymond James PT Raise
• Positive Sentiment: Wells Fargo reiterated a positive view and raised its target to $202, supporting buy-side interest. Wells Fargo Note
• Positive Sentiment: Diamondback increased its quarterly dividend to $1.05 (annualized $4.20), raising yield and reinforcing the stock’s income appeal. Dividend Increase
• Neutral Sentiment: Short-interest data shows effectively zero reported short position (likely a data glitch), so short squeezes are not a near‑term factor. (internal filings/data)
• Neutral Sentiment: Analyst/press coverage names Diamondback as a play on higher oil prices while also noting some peers (ConocoPhillips, EOG) currently show stronger liquidity/leverage metrics — useful for relative positioning but not directly negative to FANG. Peer Coverage
• Negative Sentiment: Significant insider selling across multiple executives could cap upside and concerns among some investors: EVP Matt Zmigrosky sold a large block (reported 20,899 shares) and other insiders have sold in recent days. Zmigrosky Sale
• Negative Sentiment: Director Steven E. West sold 6,000 shares (~$1.13M) — filing with the SEC. Steven West SEC Filing
• Negative Sentiment: CAO Teresa L. Dick sold 5,000 shares (~$950k) and CFO Jere Thompson III also trimmed a small position (750 shares) — additional insider dispositions disclosed via SEC filings. Teresa Dick SEC Filing Thompson SEC Filing

Insider Transactions at Diamondback Energy

In related news, Director Steven E. West sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the transaction, the director directly owned 4,484 shares of the company’s stock, valued at $844,561.40. This represents a 57.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Teresa L. Dick sold 5,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $190.00, for a total value of $950,000.00. Following the completion of the sale, the chief accounting officer owned 107,755 shares of the company’s stock, valued at approximately $20,473,450. This trade represents a 4.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,209,212 shares of company stock worth $199,689,401. 0.70% of the stock is currently owned by corporate insiders.

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.