FANG icon

Diamondback Energy

158.12 USD
-3.89
2.40%
Updated Feb 12, 12:04 PM EST
1 day
-2.40%
5 days
-4.88%
1 month
-10.97%
3 months
-12.11%
6 months
-21.45%
Year to date
-5.19%
1 year
-4.74%
5 years
112.67%
10 years
116.69%
 

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

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 9 analysts

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

Low target
$190
20%
upside
Avg. target
$217
38%
upside
High target
$256
62%
upside

9 analyst ratings

positive
100%
neutral
0%
negative
0%
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

Positive
Zacks Investment Research
16 hours ago
Diamondback Energy (FANG) Outperforms Broader Market: What You Need to Know
Diamondback Energy (FANG) closed at $162.01 in the latest trading session, marking a +0.22% move from the prior day.
Diamondback Energy (FANG) Outperforms Broader Market: What You Need to Know
Positive
Seeking Alpha
5 days ago
The Next Big Opportunity: My Favorite Dividend Stocks For The Shift Ahead
I believe we're at a turning point for cyclical stocks, with improving indicators and global growth signaling potential outperformance in industrials, energy, and transportation. I'm positioning my portfolio for this shift, adding to railroads, machinery, and energy stocks. I'm confident these sectors will see strong returns and accelerating dividend growth. Of course, risks remain - geopolitical tensions, inflation, or economic slowdowns could derail this trend. But for now, the risk/reward looks favorable.
The Next Big Opportunity: My Favorite Dividend Stocks For The Shift Ahead
Positive
Seeking Alpha
5 days ago
Buy The Dip: Big Dividends Getting Way Too Cheap
My strategy involves buying high-quality, high-yield stocks at discounts, holding until they re-appreciate, and then selling to reinvest in undervalued stocks. I share some of the most attractive, high-quality big dividend stocks available right now. I detail why they are good buys.
Buy The Dip: Big Dividends Getting Way Too Cheap
Neutral
Zacks Investment Research
1 week ago
Diamondback Energy (FANG) Advances While Market Declines: Some Information for Investors
Diamondback Energy (FANG) reachead $164.48 at the closing of the latest trading day, reflecting a +0.07% change compared to its last close.
Diamondback Energy (FANG) Advances While Market Declines: Some Information for Investors
Neutral
GlobeNewsWire
1 week ago
Diamondback Energy, Inc. Announces Appointment to the Board of Directors
MIDLAND, Texas, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Travis Stice, Chief Executive Officer and Chairman of the Board of Directors (the “Board”) of Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company"), is pleased to announce that effective February 3, 2025, the Company added Darin G. Holderness to the Board of Directors.
Diamondback Energy, Inc. Announces Appointment to the Board of Directors
Positive
Zacks Investment Research
1 week ago
Diamondback Energy Announces $4.45B Drop-Down Deal With Viper
FANG to sell mineral and royalty interest to Viper in a cash and stock deal to reduce debt after a $26 billion acquisition of Endeavor Energy Resources.
Diamondback Energy Announces $4.45B Drop-Down Deal With Viper
Neutral
GlobeNewsWire
1 week ago
Diamondback Energy, Inc. Announces Drop Down Transaction
MIDLAND, Texas, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that it has entered into a definitive purchase agreement with Viper Energy, Inc. (“Viper”), a subsidiary of Diamondback, to sell certain mineral and royalty interests from subsidiaries of Diamondback for $1 billion in cash and approximately 69.6 million units of Viper's operating subsidiary (“OpCo”, and such units the “OpCo Units”) in a drop down transaction ("Drop Down"). The tax advantaged OpCo units, which will be issued together with an equal number of shares of Class B common stock of Viper, are exchangeable for shares of Class A common stock of Viper.
Diamondback Energy, Inc. Announces Drop Down Transaction
Neutral
Business Wire
1 week ago
Verde Clean Fuels, Inc. Announces Closing of $50 Million Equity Investment by Cottonmouth Ventures, LLC, a Wholly-Owned Subsidiary of Diamondback Energy, Inc.
HOUSTON--(BUSINESS WIRE)--Verde Clean Fuels, Inc. (“Verde” or, the “Company”) (NASDAQ: VGAS) announced today the closing of the previously announced $50 million equity investment by Cottonmouth Ventures, LLC ("Cottonmouth"), a wholly-owned subsidiary of Diamondback Energy, Inc. (“Diamondback”) (NASDAQ: FANG). The investment consists of the purchase of 12.5 million shares of Verde's Class A common stock by Cottonmouth at a purchase price of $4.00 per share. The investment represents the second i.
Verde Clean Fuels, Inc. Announces Closing of $50 Million Equity Investment by Cottonmouth Ventures, LLC, a Wholly-Owned Subsidiary of Diamondback Energy, Inc.
Positive
CNBC
2 weeks ago
Top Wall Street analysts recommend these dividend stocks for stable returns
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including AT&T and Diamondback Energy
Top Wall Street analysts recommend these dividend stocks for stable returns
Neutral
Business Wire
4 weeks ago
Orion Group Partners with Leading Plumbing Service Provider, Diamondback Plumbing
PHOENIX--(BUSINESS WIRE)--Orion Group (“Orion”), a commercial and industrial field services company, announced today that it has partnered with Diamondback Plumbing (“Diamondback”), a leading plumbing business serving the greater Phoenix area. Orion builds national providers by partnering with exceptional businesses and supplying the resources needed to fuel their next chapter of growth. Diamondback joins Orion's growing network of market-leading mechanical service businesses, Astra Service Par.
Orion Group Partners with Leading Plumbing Service Provider, Diamondback Plumbing
Charts implemented using Lightweight Charts™