Diamondback EnergyFANG
FANG
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 7,139 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
7% more repeat investments, than reductions
Existing positions increased: 436 | Existing positions reduced: 407
6% more call options, than puts
Call options by funds: $520M | Put options by funds: $491M
2.05% less ownership
Funds ownership: 59.72% [Q3] → 57.67% (-2.05%) [Q4]
6% less funds holding
Funds holding: 1,166 [Q3] → 1,097 (-69) [Q4]
9% less funds holding in top 10
Funds holding in top 10: 11 [Q3] → 10 (-1) [Q4]
10% less capital invested
Capital invested by funds: $30.3B [Q3] → $27.2B (-$3.06B) [Q4]
14% less first-time investments, than exits
New positions opened: 121 | Existing positions closed: 140
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$190
22%
upside
Avg. target
$219
40%
upside
High target
$256
64%
upside
10 analyst ratings
10 positive
100%
0 neutral
0%
0 negative
0%
Truist Securities Neal Dingmann 41% 1-year accuracy 63 / 153 met price target | 52%upside $238 | Buy Maintained | 19 Feb 2025 |
Morgan Stanley Devin McDermott 41% 1-year accuracy 11 / 27 met price target | 45%upside $227 | Overweight Maintained | 19 Feb 2025 |
UBS Josh Silverstein 49% 1-year accuracy 25 / 51 met price target | 38%upside $216 | Buy Maintained | 13 Feb 2025 |
Raymond James John Freeman 32% 1-year accuracy 7 / 22 met price target | 64%upside $256 | Strong Buy Maintained | 23 Jan 2025 |
RBC Capital Scott Hanold 34% 1-year accuracy 15 / 44 met price target | 35%upside $210 | Outperform Reiterated | 23 Jan 2025 |
Financial journalist opinion
Based on 29 articles about FANG published over the past 30 days
Neutral
Seeking Alpha
4 hours ago
Diamondback Energy: CEO Steps Down And Another Acquisition
Diamondback Energy's CEO transition has Kaes Van't Hof replacing Travis Stice. The company announced a strategic Midland Basin acreage acquisition. Diamondback's future growth may require exploring new regions beyond the Permian Basin due to rising competition and prices.
Positive
Zacks Investment Research
1 day ago
Why the Market Dipped But Diamondback Energy (FANG) Gained Today
The latest trading day saw Diamondback Energy (FANG) settling at $162.09, representing a +1.14% change from its previous close.
Neutral
GlobeNewsWire
1 day ago
Diamondback Energy, Inc. Announces Leadership Transition Plan and Additional Updates to Executive Team and Board of Directors
MIDLAND, Texas, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced its leadership transition plan, representing the culmination of a thorough succession planning process that will position the Company for continued long term outperformance. Travis D. Stice, who has led Diamondback as Chief Executive Officer since January 2012 and joined the Board of Directors in November 2012 following the Company's initial public offering, intends to step down as Chief Executive Officer effective as of the Company's 2025 Annual Meeting of Stockholders. At that time, Mr. Stice will transition from Chief Executive Officer to Executive Chairman of the Board, and Kaes Van't Hof, current President of the Company, will succeed Mr. Stice as Chief Executive Officer and will join the Board of Directors. Effective today, Jere Thompson, current Executive Vice President of Strategy and Corporate Development, will assume the role of Executive Vice President and Chief Financial Officer.
Positive
Zacks Investment Research
1 day ago
Can Diamondback Energy Pull Off a Strong Show in Q4 Earnings?
The transformational Endeavor acquisition likely to have boosted FANG's profit levels in the fourth quarter.
Positive
Zacks Investment Research
2 days ago
Diamondback Enters Into an Agreement to Expand Midland Basin Footprint
FANG acquires Double Eagle's Midland Basin assets for $4B, adding 40,000 net acres and boosting free cash flow.
Positive
Zacks Investment Research
2 days ago
Unveiling Diamondback (FANG) Q4 Outlook: Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Diamondback (FANG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Positive
Seeking Alpha
3 days ago
The More It Drops, The More Buffett And I Buy
Buffett and I are both doubling down on a sector that has lagged the market recently. This sector is filled with stocks that trade at deep discounts with strong balance sheets and rising dividends. Here's how to position your portfolio for potential massive upside alongside Buffett.
Positive
The Motley Fool
3 days ago
This Top Oil Stock Makes Another Big Move to Bolster Its Position Against Rivals ExxonMobil and Occidental Petroleum
There has been a flurry of acquisitions in the oil patch over the past couple of years . The biggest was ExxonMobil 's (NYSE: XOM) more than $60 billion megadeal for Pioneer Natural Resources to solidify its position in the oil-rich Permian Basin.
Positive
Yahoo Finance
3 days ago
Bill Ackman's HHH bid, Occidental vs. Diamondback: Asking for a Trend
Julie Hyman takes a closer look at the top stories on Wall Street after the closing bell on Asking for a Trend. Howard Hughes Holdings (HHH) stock is in focus after Bill Ackman announced a proposal to buy 10 million shares at $90 each in an effort to build a modern-day Berkshire Hathaway (BRK-B, BRK-A).
Positive
Proactive Investors
3 days ago
Diamondback Energy latest to join Permian Basin's multibillion-dollar deal rush
Diamondback Energy Inc (NASDAQ:FANG, ETR:7DB) has become the latest oil and gas producer to expand its foothold in the bustling Permian Basin, the epicenter of US oil and gas production. A flurry of recent merger and acquisition (M&A) activity has highlighted the Permian's critical role in the nation's energy future.
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