Citigroup Cuts Diamondback Energy (NASDAQ:FANG) Price Target to $220.00

13 Aug 2026, 01:42 by Renee Jackson · The Cerbat Gem

Diamondback Energy (NASDAQ:FANG – Free Report) had its price target reduced by Citigroup from $221.00 to $220.00 in a research note published on Monday,Benzinga reports. Citigroup currently has a buy rating on the oil and natural gas company’s stock.

Other research analysts also recently issued reports about the stock. Roth Capital set a $212.00 price objective on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Monday, June 22nd. Mizuho boosted their target price on shares of Diamondback Energy from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. UBS Group lowered their target price on shares of Diamondback Energy from $246.00 to $243.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Barclays increased their target price on Diamondback Energy from $225.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings upgraded Diamondback Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $222.30.

View Our Latest Report on FANG

Diamondback Energy Price Performance

NASDAQ FANG opened at $200.84 on Monday. The company has a market cap of $56.24 billion, a PE ratio of 39.15 and a beta of 0.43. Diamondback Energy has a 52 week low of $134.30 and a 52 week high of $214.51. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 0.25. The firm’s 50-day simple moving average is $190.18 and its two-hundred day simple moving average is $187.07.

Diamondback Energy (NASDAQ:FANG – Get Free Report) last issued its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share for the quarter, topping analysts’ consensus estimates of $6.08 by $0.40. The firm had revenue of $5.56 billion during the quarter, compared to analyst estimates of $4.89 billion. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The company’s quarterly revenue was up 51.2% on a year-over-year basis. During the same quarter last year, the business earned $2.38 earnings per share. Research analysts predict that Diamondback Energy will post 19.73 earnings per share for the current year.

Diamondback Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 13th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $4.40 annualized dividend and a yield of 2.2%. Diamondback Energy’s payout ratio is currently 85.77%.

Insider Activity

In related news, EVP Matt Zmigrosky sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $200.54, for a total transaction of $1,002,700.00. Following the sale, the executive vice president owned 46,392 shares of the company’s stock, valued at approximately $9,303,451.68. This represents a 9.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Lawrence Plaumann sold 500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $196.50, for a total transaction of $98,250.00. Following the completion of the sale, the director owned 13,437 shares in the company, valued at $2,640,370.50. This represents a 3.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 134,167 shares of company stock worth $25,749,309 in the last three months. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FANG. Flagship Harbor Advisors LLC purchased a new position in Diamondback Energy during the fourth quarter worth about $25,000. Laurel Wealth Advisors LLC bought a new position in Diamondback Energy in the 4th quarter worth about $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Diamondback Energy in the 1st quarter valued at about $26,000. JPL Wealth Management LLC purchased a new stake in shares of Diamondback Energy in the 3rd quarter valued at about $26,000. Finally, Wellington Shields & Co. LLC boosted its position in shares of Diamondback Energy by 264.7% during 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 acquiring an additional 135 shares during the last quarter. Institutional investors own 90.01% of the company’s stock.

About Diamondback Energy

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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.