5,285 Shares in Diamondback Energy, Inc. $FANG Bought by First Citizens Bank & Trust Co.

16 Oct 2026, 07:49 by Danessa Lincoln · The Markets Daily

First Citizens Bank & Trust Co. acquired a new stake in Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,285 shares of the oil and natural gas company’s stock, valued at approximately $971,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cedar Mountain Advisors LLC acquired a new stake in Diamondback Energy during the first quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new position in Diamondback Energy in the 2nd quarter valued at $28,000. Burkett Financial Services LLC acquired a new position in Diamondback Energy in the 3rd quarter valued at $32,000. Global Assets Advisory LLC acquired a new position in Diamondback Energy in the 1st quarter valued at $40,000. Finally, J.Safra Asset Management Corp acquired a new position in Diamondback Energy in the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.

Wall Street Analyst Weigh In

FANG has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $240.00 price target on shares of Diamondback Energy in a research note on Wednesday. UBS Group lifted their price objective on Diamondback Energy from $243.00 to $253.00 and gave the company a “buy” rating in a research report on Monday, September 14th. The Goldman Sachs Group lowered their price objective on Diamondback Energy from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, October 1st. Citigroup dropped their target price on Diamondback Energy from $221.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Finally, BMO Capital Markets increased their target price on Diamondback Energy from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, October 2nd. Two research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.71.

Check Out Our Latest Report on Diamondback Energy

Diamondback Energy Stock Performance

Shares of FANG stock opened at $195.60 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.47. The firm has a market capitalization of $54.77 billion, a price-to-earnings ratio of 38.13 and a beta of 0.55. Diamondback Energy, Inc. has a one year low of $137.03 and a one year high of $216.90. The company has a 50 day moving average price of $196.92 and a 200 day moving average price of $194.15.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.08 by $0.40. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $4.89 billion. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. Diamondback Energy’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same quarter last year, the business earned $2.38 EPS. Sell-side analysts anticipate that Diamondback Energy, Inc. will post 20.41 EPS for the current year.

Diamondback Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, August 13th. Diamondback Energy’s dividend payout ratio is presently 85.77%.

Insider Buying and Selling at Diamondback Energy

In related news, Director Travis D. Stice sold 75,000 shares of Diamondback Energy stock in a transaction on 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 transaction, the director owned 49,727 shares in the company, valued at approximately $10,159,723.37. This trade represents a 60.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Meloy sold 33,333 shares of Diamondback Energy stock in a transaction on Monday, October 5th. The shares were 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 owned 759,864 shares in the company, valued at $139,617,411.36. The trade was a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 141,666 shares of company stock worth $28,061,456 over the last ninety days. Corporate insiders own 0.64% of the company’s stock.

About Diamondback Energy

(Free Report)

Diamondback Energy, Inc is an independent oil and natural gas company headquartered in Midland, Texas. The company focuses primarily on the acquisition, development, exploration and production of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas and southeastern New Mexico.

Diamondback’s operations are concentrated in the Midland and Delaware sub-basins, where it develops properties using horizontal drilling and hydraulic fracturing. Its production includes crude oil, natural gas and natural gas liquids.