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Many of the participating lenders, or their affiliates, have previously provided investment banking, advisory, lending, and commercial banking services to Diamondback and its subsidiaries and are expected to continue doing so. This ongoing financial support underscores the company’s established relationships with major banks, which may bolster its flexibility in funding operations and pursuing future strategic or capital initiatives.

WINTON GROUP Ltd buys shares of 32,292 Diamondback Energy, Inc. $FANG. June 7, 2026 Key points. * WINTON GROUP Ltd opened a new position in Diamondback Energy, buying 32,292 shares valued at about $4.85 million in the fourth quarter. * Diamondback posted better-than-expected quarterly results, with EPS of $4.23 topping estimates and revenue of $4.24 billion; it also raised its quarterly dividend to $1.10 per share from $1.05. * Analysts remain generally constructive on the stock, with a Moderate Buy consensus and average price target of $223.26, though some recent insider sales and a Zacks downgrade to Hold add mixed sentiment. * MarketBeat previews the top five stocks to own by July 1st. WINTON GROUP Ltd bought a new stake in Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 32,292 shares of the oil and natural gas company's stock, valued at approximately $4,854,000. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FANG. Smead Capital Management Inc. acquired a new stake in shares of Diamondback Energy during the second quarter worth $144,775,000. Capital Research Global Investors increased its stake in Diamondback Energy by 38.0% in the third quarter. Capital Research Global Investors now owns 3,798,812 shares of the oil and natural gas company's stock valued at $543,610,000 after purchasing an additional 1,046,398 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Diamondback Energy by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 5,159,365 shares of the oil and natural gas company's stock worth $775,607,000 after buying an additional 532,756 shares during the period. Balyasny Asset Management L.P. boosted its stake in Diamondback Energy by 2,637.8% in the 3rd quarter. Balyasny Asset Management L.P. now owns 456,686 shares of the oil and natural gas company's stock worth $65,352,000 after buying an additional 440,005 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Diamondback Energy by 1,127.8% in the 3rd quarter. Two Sigma Investments LP now owns 369,568 shares of the oil and natural gas company's stock worth $52,885,000 after buying an additional 339,468 shares during the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors. Diamondback Energy price performance. Shares of NASDAQ FANG opened at $192.62 on Friday. Diamondback Energy, Inc. has a 1-year low of $134.30 and a 1-year high of $214.51. The business has a 50-day moving average of $196.07 and a 200-day moving average of $173.72. 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 company has a market capitalization of $54.19 billion, a price-to-earnings ratio of 223.98 and a beta of 0.42. Diamondback Energy (NASDAQ:FANG - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $3.74 by $0.49. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. Diamondback Energy had a return on equity of 7.76% and a net margin of 1.87%.Diamondback Energy's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.54 EPS. On average, equities analysts anticipate that Diamondback Energy, Inc. will post 19.65 EPS for the current fiscal year. Diamondback Energy increases dividend. The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a dividend of $1.10 per share. This is a boost from Diamondback Energy's previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.3%. Diamondback Energy's dividend payout ratio is presently 511.63%. Insider buying and selling. In related news, Director Steven E. West sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $188.35, for a total transaction of $1,130,100.00. Following the transaction, the director directly owned 4,484 shares of the company's stock, valued at approximately $844,561.40. The trade was a 57.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Teresa L. Dick sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $200.90, for a total value of $1,406,300.00. Following the transaction, the chief accounting officer directly owned 85,755 shares in the company, valued at $17,228,179.50. This trade represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 86,321 shares of company stock valued at $16,386,359. Insiders own 0.64% of the company's stock. Diamondback Energy news roundup. Here are the key news stories impacting Diamondback Energy this week: * Positive Sentiment: Zacks Research and KeyCorp both lifted several near- and longer-term earnings estimates for Diamondback Energy, suggesting analysts still see solid profit potential ahead. Zacks also reiterated a Hold rating, while KeyCorp kept an Overweight rating and a $225 price target. Analyst estimate updates for Diamondback Energy * Positive Sentiment: Zacks described Diamondback Energy as a strong momentum stock, which may reinforce bullish sentiment around the name. Zacks momentum stock article * Neutral Sentiment: One article noted that Diamondback Energy has been trading near highs, but the focus was on market activity rather than a direct company-specific catalyst. * Negative Sentiment: Financial Post reported that the daughter of late wildcatter Autry Stephens is offloading a $2 billion energy stake, including a Diamondback Energy position. Large insider- or major-holder selling can weigh on sentiment because investors may view it as profit-taking after a strong run. Stephens family stake sale in Diamondback Energy Wall Street analysts forecast growth. A number of research firms have recently commented on FANG. Zacks Research downgraded shares of Diamondback Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 28th. Raymond James Financial reissued a "strong-buy" rating and issued a $242.00 target price on shares of Diamondback Energy in a research report on Monday, April 27th. KeyCorp boosted their target price on shares of Diamondback Energy from $196.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, April 2nd. Truist Financial set a $242.00 price target on shares of Diamondback Energy in a research note on Wednesday, May 6th. Finally, Piper Sandler lifted their price target on shares of Diamondback Energy from $215.00 to $248.00 and gave the company an "overweight" rating in a report on Thursday, March 12th. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Diamondback Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $223.26. Diamondback Energy profile. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Diamondback Energy, you'll want to hear this. 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How Texas could soon have more AI data centers than anywhere else in the world. Pacifico Energy and other energy companies are rushing to build private power plants across the Lone Star State. Posted on March 25, 2026, 8:37 AM If you drive through West Texas toward Fort Stockton, you'll see a plot of land where Pacifico Energy wants to build a massive private power plant. The goal is to provide energy to AI data centers. The flat terrain, dry climate and remote location make the area an ideal spot for a project of this scale. Most important is access to natural gas - and Pacifico isn't the only company that thinks so. Chevron, ExxonMobil and Diamondback Energy have all announced plans to build gas-fired power plants for data centers in Texas. It's estimated that by 2030, Texas could have more data centers than anywhere in the world. Many communities where data centers are planned are raising concerns and asking questions about their massive need for power. Claire Hao is the energy and grid reporter for the Houston Chronicle, and she joined the Standard to discuss her recent reporting. Read the transcript below. This transcript has been edited lightly for clarity: Texas Standard: This Pacifico project is in West Texas, but these private power plants will pop up all over the state. Where are we going to see them? Claire Hao: These kind of private grid projects that are being built for data centers are going to be in West Texas. That's because a lot of these developers for these huge data center campuses think that natural gas is the best way to power these kind of complexes. And of course West Texas is very abundant in natural gas. But we will see them scattered across the state, but mostly in West Texas. ERCOT expects around 24 gigawatts for new data centers by 2031. Is there a good way to visualize just how much additional energy this is? Yeah, and it's roughly like adding another Houston metro area to the state. So the Houston metro area uses peak power demand, very roughly around 20 or so gigawatts. So that would be like the best approximation. That sounds huge. Well, it's worth mentioning these power plants are private and the energy they generate will be for AI data centers. But eventually the goal is to connect them to the statewide grid. Do we know when that will happen? Yeah, so it's kind of like two separate phenomena. So right now data centers, there's a rush to build data centers because tech companies are so eager to try to develop AI as quickly as possible. They view themselves as in a race against each other and a race against China. So they're really just trying to get power to their data centers as quickly as possible. And so that's why they're doing these private grid projects - having these, like, power islands where they build power plants to directly power data centers because it takes too long to connect to the grid, essentially. So all of the private grid data center projects aren't actually counted in that 24 gigawatts that ERCOT gave us. That's just the number or amount of data centers that ERCOT expects to actually connect to that grid. But ultimately, most power plant developers and most data center developers do want to connect to the grid. They think that's like an added layer of reliability. It just kind of depends on like, you know, the wait, their place in line to connect to the grid... They're going to try to get a lot of these data centers going to get up and running first with their own power plants. And then once ERCOT kind of processes this long backlog of data center applications it has so far, that's when they'll connect. So maybe in the next couple of years, 2030 and beyond. In your story, you mentioned that Texas has a lead in this industry because we approve air pollution permits faster than any other state. How much faster? Texas just permits everything quicker. So it's easier to build a power plant that pollutes. You can get air pollution permits quicker here. You can also get connected to the grid faster here. For Texas, usually it's about three or so years if you get in line now and wait to connect to the grid. But in a state like Virginia, for example, it's seven years. And so there's like that distinction of like how quick can you get up and running. So it's hard to say because especially now a lot of these power plant developers are kind of running into supply crunch just cause everybody is rushing to build these things. And so they're finding it harder to find the equipment. But, generally, Texas just approves permits for building, permits for pollution faster than other places and that makes it easier to build this kind of large infrastructure project. Do we know what the long-term environmental impact of these new power plants and data centers will be? Lots of communities are asking these questions now. That's where you're starting to see some of this grassroots backlash to the data center boom. You know, there are concerns about water usage for sure, especially in drought-prone areas of the state. Data center developers will say that, you know, they're developing more efficient and less water-intensive ways to cool their servers. But still, there is going to be an increase on the state's water supply at a time when the water supply is under strain. There's also concerns about like all of these power plants that will be built - or could be built, I should say - to help the data center boom, these mostly natural gas power plants, they do have both climate-warming emissions as well as emissions that could harm the health of folks living nearby. And so it really just depends on how much of this infrastructure really does get built out at the end of the day. But the concern is that, like, especially some of these private grid projects that are building a lot of new power plants, that nearby residents could bear some of that burden. And even the data centers that aren't building their own power plants, that are just going to be directly grid-connected. Most of them use diesel generators for backup. And diesel generators can also draw complaints for being noisy and also can be highly polluting as well. Is there anything else folks should know about this issue? I would just say that Texans should know that we really have become like ground zero for this AI data center boom that we're seeing right now. Texas is the fastest-growing market for data centers. There are several reports that we cited in our series about predicting that Texas could have more data centers than anywhere else in the world by 2030. So right now, we are seeing this unprecedented influx of this infrastructure and a lot of our policy makers are paying attention. So if residents are concerned or have any thoughts on this, now is the time to kind of shape if we support these kinds of investments in our state.