Leonteq Securities AG Cuts Position in Diamondback Energy, Inc. $FANG

by · The Markets Daily

Leonteq Securities AG trimmed its holdings in shares of Diamondback Energy, Inc. (NASDAQ:FANG – Free Report) by 68.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,539 shares of the oil and natural gas company’s stock after selling 3,325 shares during the period. Leonteq Securities AG’s holdings in Diamondback Energy were worth $304,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FANG. Flagship Harbor Advisors LLC purchased a new position in shares of Diamondback Energy in the 4th quarter valued at $25,000. Laurel Wealth Advisors LLC purchased a new stake in Diamondback Energy during the 4th quarter worth $26,000. Richardson Financial Services Inc. boosted its position in Diamondback Energy by 245.1% during the 4th quarter. Richardson Financial Services Inc. now owns 176 shares of the oil and natural gas company’s stock worth $26,000 after purchasing an additional 125 shares during the period. JPL Wealth Management LLC acquired a new stake in Diamondback Energy in the 3rd quarter valued at $26,000. Finally, Wellington Shields & Co. LLC increased its holdings in Diamondback Energy by 264.7% in the 4th quarter. Wellington Shields & Co. LLC now owns 186 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 135 shares in the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Diamondback Energy news, Director Charles Alvin Meloy sold 83,334 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $187.12, for a total value of $15,593,458.08. Following the transaction, the director directly owned 851,530 shares of the company’s stock, valued at $159,338,293.60. This represents a 8.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Matt Zmigrosky sold 5,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $200.54, for a total value of $1,002,700.00. Following the transaction, the executive vice president owned 46,392 shares of the company’s stock, valued at approximately $9,303,451.68. This trade represents a 9.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 113,691 shares of company stock worth $21,622,752 in the last quarter. Company insiders own 0.64% of the company’s stock.

Diamondback Energy Stock Performance

Shares of FANG stock opened at $172.04 on Monday. Diamondback Energy, Inc. has a 12 month low of $134.30 and a 12 month high of $214.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.56 and a quick ratio of 0.55. The firm has a market capitalization of $48.40 billion, a P/E ratio of 200.05 and a beta of 0.42. The company’s fifty day moving average price is $193.52 and its two-hundred day moving average price is $178.33.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.49. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the prior year, the company posted $4.54 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts anticipate that Diamondback Energy, Inc. will post 19.47 earnings per share for the current fiscal year.

Diamondback Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were issued a $1.10 dividend. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 14th. Diamondback Energy’s dividend payout ratio (DPR) is currently 511.63%.

Analyst Ratings Changes

Several research analysts have commented on FANG shares. Citigroup raised their price objective on Diamondback Energy from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Freedom Capital upgraded Diamondback Energy to a “strong-buy” rating in a report on Tuesday, March 10th. Barclays raised their target price on Diamondback Energy from $225.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Truist Financial set a $242.00 price target on Diamondback Energy in a report on Wednesday, May 6th. Five investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $220.68.

Check Out Our Latest Stock Report on Diamondback Energy

Trending Headlines about Diamondback Energy

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

  • Positive Sentiment: Zacks Research raised Diamondback Energy’s earnings estimates for FY2026, FY2027, FY2028 and several quarters in 2027-2028, signaling slightly improved profit expectations. Diamondback Energy analyst estimate update
  • Neutral Sentiment: The firm kept its rating at Hold, which limits the bullish impact of the upgraded estimates. Diamondback Energy analyst estimate update
  • Neutral Sentiment: Separate news showed Diamondback subsidiary Viper Energy completed its $337 million Riverbend mineral and royalty acquisition, a strategic expansion in the Permian Basin but not a direct earnings upgrade for FANG itself. Viper Energy acquisition completion

Diamondback Energy Company Profile

(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.

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