Investment Analysts’ Weekly Ratings Changes for Diamondback Energy (FANG)

Several brokerages have updated their recommendations and price targets on shares of Diamondback Energy (NASDAQ: FANG) in the last few weeks:

• 6/29/2026 – Diamondback Energy had its price target lowered by Morgan Stanley from $229.00 to $216.00. They now have an “overweight” rating on the stock.
• 6/22/2026 – Diamondback Energy was given a new $212.00 price target by Wells Fargo & Company.
• 6/22/2026 – Diamondback Energy was given a new $212.00 price target by Roth Mkm. They now have a “buy” rating on the stock.
• 6/21/2026 – Diamondback Energy was upgraded by Roth Mkm from “hold” to “strong-buy”.
• 6/10/2026 – Diamondback Energy had its “strong-buy” rating reaffirmed by Raymond James Financial, Inc.. They now have a $249.00 price target on the stock.
• 5/28/2026 – Diamondback Energy was downgraded by Zacks Research from “strong-buy” to “hold”.
• 5/27/2026 – Diamondback Energy had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 5/27/2026 – Diamondback Energy had its price target raised by Mizuho from $220.00 to $240.00. They now have an “outperform” rating on the stock.
• 5/26/2026 – Diamondback Energy had its price target raised by Barclays PLC from $225.00 to $232.00. They now have an “overweight” rating on the stock.
• 5/22/2026 – Diamondback Energy had its price target raised by Morgan Stanley from $224.00 to $229.00. They now have an “overweight” rating on the stock.
• 5/20/2026 – Diamondback Energy had its price target raised by Citigroup Inc. from $225.00 to $245.00. They now have a “buy” rating on the stock.
• 5/11/2026 – Diamondback Energy had its price target raised by Sanford C. Bernstein from $237.00 to $241.00. They now have an “outperform” rating on the stock.
• 5/9/2026 – Diamondback Energy was upgraded by Wall Street Zen from “sell” to “hold”.
• 5/6/2026 – Diamondback Energy was given a new $242.00 price target by Truist Financial Corporation.
• 5/6/2026 – Diamondback Energy had its price target raised by Susquehanna from $231.00 to $245.00. They now have a “positive” rating on the stock.
• 5/5/2026 – Diamondback Energy had its “neutral” rating reaffirmed by Roth Mkm. They now have a $205.00 price target on the stock.
• 5/5/2026 – Diamondback Energy had its price target raised by Barclays PLC from $190.00 to $225.00. They now have an “overweight” rating on the stock.

Diamondback Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were issued a dividend of $1.10 per share. The ex-dividend date was Thursday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.5%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s payout ratio is presently 511.63%.

Insider Buying and Selling

In related news, Director Mark Lawrence Plaumann sold 500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total value of $98,250.00. Following the completion of the sale, the director owned 13,437 shares of the company’s stock, valued at approximately $2,640,370.50. This trade represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Teresa L. Dick sold 7,000 shares of Diamondback Energy stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total value of $1,406,300.00. Following the transaction, the chief accounting officer owned 85,755 shares in the company, valued at approximately $17,228,179.50. The trade was a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 121,548 shares of company stock valued at $23,146,460 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

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.