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 6,809 funds
0
Analysts bullish %
of 15 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
37% more repeat investments, than reductions
Existing positions increased: 515 | Existing positions reduced: 377
3% more first-time investments, than exits
New positions opened: 139 | Existing positions closed: 135
0% more funds holding
Funds holding: 1,158 [Q2] → 1,162 (+4) [Q3]
0% more call options, than puts
Call options by funds: $494M | Put options by funds: $493M
11% less capital invested
Capital invested by funds: $33.1B [Q2] → $29.4B (-$3.64B) [Q3]
34.67% less ownership
Funds ownership: 92.7% [Q2] → 58.03% (-34.67%) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 22 [Q2] → 11 (-11) [Q3]
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$182
17%
upside
Avg. target
$215
39%
upside
High target
$237
53%
upside
15 analyst ratings
15 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler Mark Lear 33% 1-year accuracy 53 / 163 met price target | 50%upside $232 | Overweight Maintained | 17 Dec 2024 |
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target | 41%upside $219 | Overweight Maintained | 17 Dec 2024 |
Mizuho Nitin Kumar 19% 1-year accuracy 15 / 79 met price target | 34%upside $207 | Outperform Maintained | 16 Dec 2024 |
UBS Josh Silverstein 11% 1-year accuracy 5 / 47 met price target | 37%upside $212 | Buy Maintained | 9 Dec 2024 |
Raymond James John Freeman 28% 1-year accuracy 5 / 18 met price target | 53%upside $237 | Strong Buy Maintained | 19 Nov 2024 |
Financial journalist opinion
Based on 13 articles about FANG published over the past 30 days
Positive
Zacks Investment Research
2 days ago
Permian Powerhouses: 3 Oil Stocks to Watch Closely in 2025
Considering the Permian Basin's strategic significance to the U.S. oil production, keeping an eye on XOM, FANG and CVX is not just wise - it's essential.
Neutral
Business Wire
2 days ago
Verde Clean Fuels, Inc. Announces $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 entry into a stock purchase agreement with Cottonmouth Ventures, LLC ("Cottonmouth" and collectively with the Company, the “Parties”), a wholly-owned subsidiary of Diamondback Energy, Inc. (“Diamondback”) (NASDAQ: FANG), for a $50 million equity investment by Cottonmouth into Verde. The investment consists of the purchase of 12.5 million shares of Verde's Class A common stock at a pu.
Neutral
Seeking Alpha
3 days ago
Why The Market May Get Turned Upside Down In 2025
AI stocks have dominated the market in 2024, dragging the S&P 500 higher with them. I think the market may get turned upside down in 2025. I share why and also share some of my top picks for the new year.
Positive
Zacks Investment Research
5 days ago
FANG Teams With Halliburton & VoltaGrid to Deploy Electric Frac Fleets
Diamondback, Halliburton and VoltaGrid collaborate to deploy electric simul-frac fleets in the Permian Basin, enhancing efficiency and reducing emissions.
Neutral
GlobeNewsWire
1 week ago
Diamondback Energy, Halliburton, and VoltaGrid Sign Agreement for Four Electric Simul-Frac Fleets in the Permian Basin
HOUSTON, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy (NYSE: FANG), Halliburton Energy Services (NYSE: HAL), and VoltaGrid LLC have entered into a landmark agreement to deploy four advanced electric simul-frac fleets across the Permian Basin. This collaboration represents a significant investment in clean and efficient energy solutions, with VoltaGrid delivering approximately 200 megawatts (MW) of electric power to support Diamondback Energy's field operations. This marks a continuation of a longstanding partnership focused on sustainability and operational excellence.
Neutral
Seeking Alpha
1 week ago
Exxon Mobil Vs. Diamondback Energy: Only One Is A Compelling Buy
Diamondback Energy and Exxon Mobil are major energy production companies. They both have generous shareholder capital return programs. I compare them side-by-side and share which one I think is the better buy right now.
Neutral
CNBC Television
1 week ago
Trade Tracker: Stephanie Link sells Diamondback Energy and buys more SLB
Stephanie Link, CIO at Hightower, joins CNBC's 'Halftime Report' to discuss her latest portfolio moves.
Positive
Benzinga
1 week ago
4 Energy Stocks to Buy for 2025
Energy independence has always been crucial to national security, and that has become even more highlighted in the wake of Russia's invasion of Ukraine and the ongoing fighting in the Middle East.
Positive
Seeking Alpha
1 week ago
Red, White, And Wealth: Building An All-American Dividend Portfolio
I love America and invest heavily in it for good reason. This article explores why the U.S. outshines the world economically and strategically for investors. With unmatched innovation, military strength, and natural resources, the U.S. excels. I highlight risks, rewards, and the keys to building a winning portfolio. From defense giants to energy royalty players, I share my favorite stocks to beat the market and capitalize on America's enduring strengths.
Neutral
Zacks Investment Research
2 weeks ago
Wall Street Analysts Think Diamondback (FANG) Is a Good Investment: Is It?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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