Diamondback EnergyFANG
About: Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2023, the company reported net proven reserves of 2.2 billion barrels of oil equivalent. Net production averaged about 448,000 barrels per day in 2023, at a ratio of 59% oil, 21% natural gas liquids, and 20% natural gas.
Employees: 1,023
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
37% more repeat investments, than reductions
Existing positions increased: 516 | Existing positions reduced: 377
15% more first-time investments, than exits
New positions opened: 138 | Existing positions closed: 120
0% more funds holding
Funds holding: 1,159 [Q2] → 1,162 (+3) [Q3]
1% less call options, than puts
Call options by funds: $506M | Put options by funds: $513M
11% less capital invested
Capital invested by funds: $34.2B [Q2] → $30.3B (-$3.86B) [Q3]
36.01% less ownership
Funds ownership: 95.72% [Q2] → 59.71% (-36.01%) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 22 [Q2] → 11 (-11) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Raymond James John Freeman 14% 1-year accuracy 3 / 22 met price target | 62%upside $256 | Strong Buy Maintained | 23 Jan 2025 |
RBC Capital Scott Hanold 29% 1-year accuracy 13 / 45 met price target | 33%upside $210 | Outperform Reiterated | 23 Jan 2025 |
JP Morgan Arun Jayaram 38% 1-year accuracy 13 / 34 met price target | 23%upside $195 | Overweight Maintained | 17 Jan 2025 |
Truist Securities Neal Dingmann 33% 1-year accuracy 52 / 156 met price target | 49%upside $236 | Buy Maintained | 13 Jan 2025 |
Wolfe Research Doug Leggate 33% 1-year accuracy 11 / 33 met price target | 20%upside $190 | Outperform Upgraded | 3 Jan 2025 |
Financial journalist opinion
Based on 12 articles about FANG published over the past 30 days









