Diamondback Energy (NASDAQ:FANG) Given New $232.00 Price Target at Truist Financial

Diamondback Energy (NASDAQ:FANG) had its price target increased by Truist Financial from $224.00 to $232.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the oil and natural gas company’s stock.

Several other brokerages have also recently weighed in on FANG. Susquehanna increased their price target on Diamondback Energy from $255.00 to $265.00 in a research note on Wednesday, August 5th. Capital One Financial lifted their price objective on Diamondback Energy from $272.00 to $283.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Seaport Research Partners assumed coverage on Diamondback Energy in a report on Thursday, September 3rd. They issued a “neutral” rating on the stock. Weiss Ratings upgraded Diamondback Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Finally, UBS Group increased their target price on shares of Diamondback Energy from $243.00 to $253.00 and gave the company a “buy” rating in a research report on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Diamondback Energy currently has an average rating of “Moderate Buy” and a consensus price target of $228.29.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $182.88 on Wednesday. The company has a market capitalization of $51.21 billion, a price-to-earnings ratio of 10.51 and a beta of 0.49. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 0.26. Diamondback Energy has a twelve month low of $137.03 and a twelve month high of $216.90. The stock has a fifty day simple moving average of $196.55 and a 200 day simple moving average of $189.66.

Diamondback Energy (NASDAQ:FANG) last announced its earnings results on Monday, November 2nd. The oil and natural gas company reported $5.86 EPS for the quarter, topping the consensus estimate of $5.72 by $0.14. Diamondback Energy had a return on equity of 11.86% and a net margin of 11.03%. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the business earned $3.08 EPS. The business’s quarterly revenue was up 38.4% compared to the same quarter last year. Sell-side analysts expect that Diamondback Energy will post 21.51 EPS for the current year.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be issued a $1.18 dividend. The ex-dividend date is Thursday, November 12th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.10. This represents a $4.72 annualized dividend and a yield of 2.6%. Diamondback Energy’s dividend payout ratio (DPR) is presently 85.77%.

Insiders Place Their Bets

In other news, Director Charles Meloy sold 33,333 shares of Diamondback Energy stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $183.74, for a total value of $6,124,605.42. Following the completion of the transaction, the director directly owned 759,864 shares of the company’s stock, valued at approximately $139,617,411.36. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Travis D. Stice sold 75,000 shares of Diamondback Energy stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $204.31, for a total value of $15,323,250.00. Following the completion of the transaction, the director directly owned 49,727 shares of the company’s stock, valued at approximately $10,159,723.37. This trade represents a 60.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Diamondback Energy

Several institutional investors and hedge funds have recently made changes to their positions in FANG. Independence Bank of Kentucky lifted its stake in Diamondback Energy by 1.0% in the third quarter. Independence Bank of Kentucky now owns 5,217 shares of the oil and natural gas company’s stock valued at $959,000 after buying an additional 50 shares during the period. Transamerica Financial Advisors LLC boosted its holdings in shares of Diamondback Energy by 21.0% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 294 shares of the oil and natural gas company’s stock worth $52,000 after buying an additional 51 shares in the last quarter. Capital Advisors Inc. OK grew its position in shares of Diamondback Energy by 2.9% during the 2nd quarter. Capital Advisors Inc. OK now owns 1,929 shares of the oil and natural gas company’s stock worth $339,000 after buying an additional 54 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Diamondback Energy by 4.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,251 shares of the oil and natural gas company’s stock worth $220,000 after buying an additional 59 shares during the period. Finally, Wedbush Securities Inc. grew its position in shares of Diamondback Energy by 1.5% during the 2nd quarter. Wedbush Securities Inc. now owns 4,979 shares of the oil and natural gas company’s stock worth $875,000 after buying an additional 72 shares during the period. Institutional investors own 90.01% of the company’s stock.

More Diamondback Energy News

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

• Positive Sentiment: Q3 results beat expectations. Diamondback reported earnings of $5.86 per share versus the $5.72 consensus and revenue of $5.43 billion versus $4.60 billion expected. Higher production and realized oil prices supported results and cash generation. Article: Diamondback Q3 Earnings Beat on Higher Oil Prices and Production
• Positive Sentiment: Raised outlook and disciplined growth plans. Management lifted its 2026 production outlook while emphasizing spending discipline, Barnett development and improved well economics. These plans could support future output and returns without a major increase in reinvestment. Article: FANG Q3 Earnings Call Highlights Capital Discipline and Permian Growth
• Positive Sentiment: Dividend increased 7.3%. The quarterly dividend rose from $1.10 to $1.18 per share, signaling confidence in cash generation and adding to shareholder returns. Article: Diamondback Energy Raises Dividend and 2026 Oil Production Outlook
• Positive Sentiment: Some analysts raised price targets. UBS lifted its target to $260 and Truist raised its target to $232; both maintained Buy ratings.
• Negative Sentiment: Wells Fargo lowered its target from $263 to $244, though it kept an Overweight rating. This more cautious valuation view may have weighed against the otherwise upbeat updates.

Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. The company’s operations are concentrated in the Permian Basin of West Texas and southeastern New Mexico, particularly the Midland and Delaware Basins.

Diamondback produces crude oil, natural gas and natural gas liquids from horizontal wells and related infrastructure. Its activities include drilling and completing wells, operating gathering and processing assets, and managing midstream services that support production.