FIL 13F: Adds $10M to Diamondback Energy (FANG) Stake

FIL has increased its stake in Diamondback Energy, Inc. (NasdaqGS: FANG) by 3.45%, according to its latest Form 13F filing with the SEC. The fund added 55,681 shares, bringing its total holdings to 1,668,889 shares valued at approximately $313.6 million as of the reporting period.

What Changed in FIL's Diamondback Energy Position

FIL boosted its position in Diamondback Energy by 3.45%, increasing its shares from 1,613,208 to 1,668,889. This addition of 55,681 shares reflects confidence in the company's prospects, with the total value of the holdings reaching about $313.6 million.

Other Institutional Activity in Diamondback Energy

Several other institutional investors also made moves in Diamondback Energy. BlackRock, Inc. added 569,891 shares, bringing its total to 18,506,255 shares worth around $3.66 billion, marking a 3.2% increase. Vanguard Capital Management LLC opened a new position with 12,731,585 shares valued at approximately $2.52 billion. Wellington Management Group LLP significantly increased its stake by 9,261,467 shares, a 285.9% rise, to hold 12,501,304 shares valued at about $2.47 billion. State Street Corp added 1,347,859 shares, increasing its holdings by 12.6% to 12,051,943 shares, valued at roughly $2.38 billion. Lastly, JPMorgan Chase & Co grew its holdings by 1,331,757 shares, a 27.0% increase, ending with 6,265,298 shares worth $1.24 billion.

Diamondback Energy, Inc. Stock Down 3.9%

Shares of Diamondback Energy traded near $187.91 on Thursday. The company has a market capitalization of $52.8 billion, with a P/E ratio of 193.61 and a forward P/E of 10.62. The stock's 52-week range is between $134.30 and $214.51, and it has a 50-day moving average of $195.78 and a 200-day moving average of $166.85. The company's beta is 0.391, indicating lower volatility compared to the market. Diamondback Energy's current ratio is 0.561, with a quick ratio of 0.485 and a debt-to-equity ratio of 32.594.

Recent Earnings

Diamondback Energy reported revenue of $14.46 billion, with a revenue growth of 4.2%. The company's earnings per share (EPS) stood at $0.97, with a net margin of 1.96% and a return on equity (ROE) of 0.47%. The next earnings release is scheduled for August 3, 2026.

Dividend

Diamondback Energy offers an annual dividend rate of $4.40, providing a yield of 2.4%. The dividend payout ratio is 4.13%.

Insider Buying and Selling at Diamondback Energy, Inc.

Recent insider activity at Diamondback Energy includes several sales. On June 17, 2026, CEO Matthew Kaes Van't Hof sold 2,674 shares. Charles Alvin Meloy sold 83,334 shares on June 16, 2026, under a planned sale. On June 9, 2026, Mark Lawrence Plaumann sold 500 shares. Teresa Dick, CAO, Exec. VP, and Assist. Sec., sold 5,000 shares on June 4, 2026, while SGF Fang Holdings, LP sold 10,000,000 shares on the same day. EVP and Chief Legal and Admin Officer Matt Zmigrosky sold 5,000 shares on June 3, 2026.

Analysts Set New Price Targets

Analysts have maintained a positive outlook on Diamondback Energy. On May 27, 2026, Mizuho maintained a 'buy' rating with a $240 price target. Barclays reiterated its 'buy' rating with a $232 target on May 26, 2026. Morgan Stanley also maintained a 'buy' rating with a $229 target on May 22, 2026. Citigroup set a $245 target with a 'buy' rating on May 20, 2026. The consensus among 29 analysts is a 'buy' rating, with a mean price target of $232.83.

About Diamondback Energy, Inc.

Diamondback Energy, Inc. is an independent oil and natural gas company based in Midland, Texas. The company focuses on the acquisition, development, and exploration of unconventional, onshore oil and natural gas reserves in the Permian Basin, primarily targeting the Spraberry and Wolfcamp formations in the Midland Basin and the Wolfcamp and Bone Spring formations in the Delaware Basin. Founded in 2007, Diamondback Energy employs about 1,762 people under the leadership of CEO Matthew Kaes Van't Hof.

Bottom Line

FIL's decision to increase its stake in Diamondback Energy shows confidence in the company's future. Diamondback is a significant player in the energy sector, focusing on the lucrative Permian Basin. Investors often track 13F filings to gauge the sentiment of large institutional investors, although these filings reflect past positions and may not indicate current holdings.