Charles Alvin Meloy Sells 7,857 Shares of Diamondback Energy (NASDAQ:FANG) Stock

Posted by Amy Steele on Apr 8th, 2026

Diamondback Energy, Inc. (NASDAQ:FANG – Get Free Report) Director Charles Alvin Meloy sold 7,857 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $193.93, for a total transaction of $1,523,708.01. Following the transaction, the director directly owned 958,435 shares in the company, valued at approximately $185,869,299.55. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Alvin Meloy also recently made the following trade(s):

On Monday, March 9th, Charles Alvin Meloy sold 7,857 shares of Diamondback Energy stock. The stock was sold at an average price of $183.27, for a total transaction of $1,439,952.39.
On Tuesday, February 3rd, Charles Alvin Meloy sold 60,605 shares of Diamondback Energy stock. The stock was sold at an average price of $161.12, for a total transaction of $9,764,677.60.

Diamondback Energy Price Performance

Shares of NASDAQ:FANG traded down $9.03 on Wednesday, reaching $186.47. 5,399,543 shares of the company were exchanged, compared to its average volume of 2,942,444. 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, Inc. has a 1-year low of $114.00 and a 1-year high of $204.91. The firm has a market cap of $52.45 billion, a price-to-earnings ratio of 33.24 and a beta of 0.50. The company has a 50-day moving average of $178.98 and a 200-day moving average of $158.80.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last posted its quarterly 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 return on equity of 8.08% and a net margin of 11.07%.The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period last year, the company earned $3.67 earnings per share. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. Equities analysts forecast that Diamondback Energy, Inc. will post 15.49 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were given a $1.05 dividend. The ex-dividend date was Thursday, March 5th. This represents a $4.20 annualized dividend and a dividend yield of 2.3%. This is a boost from Diamondback Energy’s previous quarterly dividend of $1.00. Diamondback Energy’s payout ratio is presently 74.87%.

Wall Street Analyst Weigh In

Several research firms recently commented on FANG. UBS Group boosted their price objective on shares of Diamondback Energy from $194.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Mizuho boosted their price objective on shares of Diamondback Energy from $205.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. The Goldman Sachs Group boosted their price objective 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. Piper Sandler boosted their price objective on shares of Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Benchmark lowered shares of Diamondback Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Five equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $202.57.

Get Our Latest Report on Diamondback Energy

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI lifted its holdings in Diamondback Energy by 233.9% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 12,673 shares of the oil and natural gas company’s stock valued at $1,814,000 after purchasing an additional 8,877 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Diamondback Energy by 9.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,733 shares of the oil and natural gas company’s stock valued at $16,848,000 after purchasing an additional 10,289 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in Diamondback Energy in the 3rd quarter valued at about $472,000. Massachusetts Financial Services Co. MA lifted its holdings in Diamondback Energy by 9.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,385,428 shares of the oil and natural gas company’s stock valued at $198,255,000 after purchasing an additional 122,921 shares in the last quarter. Finally, WoodTrust Financial Corp purchased a new position in shares of Diamondback Energy during the 3rd quarter worth about $1,624,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Diamondback Energy

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

Positive Sentiment: KeyBanc / KeyCorp raised their price target to $225 and lifted multiple quarterly and FY earnings estimates, upgrading near‑term EPS forecasts substantially — a clear vote of confidence in Diamondback’s cash generation and margin outlook. A $225 PT for Diamondback Energy Suggests Opportunity — But Timing May Be Everything
Neutral Sentiment: Roth MKM reaffirmed a neutral rating and lifted its $200 target, signaling some upside remains but not enough for a bullish conviction from that shop. Benzinga
Neutral Sentiment: Recent writeups (Yahoo/Zacks) note Diamondback has outperformed over the past year on low-cost drilling and strong cash flow, but also flag rising costs, reserve revisions and leverage as risks—useful context for longer‑term positioning. Diamondback Energy Gains 56% in a Year: Should You Invest Now?
Negative Sentiment: Macro/commodity shock: US equity indexes jumped but crude futures plunged after a conditional Iran ceasefire reduced geopolitical risk — a direct headwind for producers like Diamondback and the key reason the stock is down intraday. US Equity Indexes Surge, Crude Oil Plummets as Iran Ceasefire Deal Eases Geopolitical Risk
Negative Sentiment: Energy‑sector weakness is broad: coverage notes major oil names (Exxon, Chevron) falling and advising investors to expect volatility in oil stocks — amplifying short‑term selling pressure on FANG. Exxon, Chevron, More Oil Stocks Fall. Get Used To It.

About Diamondback Energy

(Get Free Report)

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.