Aberdeen Group plc maintains a significant stake in
Diamondback Energy (FANG), valued at $15.18 million. Investment in FANG is mixed as both
Credit Agricole S A and
Capital Analysts LLC increase their stakes, while
Northern Trust Corp and others reduce theirs. FANG also sees new investments from entities like
Element Capital Management LLC and
Wellington Management Group LLP. Despite some mixed analyst signals and bearish momentum, FANG has boosted its Q3 guidance to 938 MBOE/d following the close of the Sitio deal, which could significantly boost oil production. Melius Research initiated coverage on FANG with a buy rating, while others like Raymond James and Piper Sandler lowered their price targets.
Viper Energy, a subsidiary of Diamondback Energy, has completed its acquisition of
Sitio Royalties. Reports highlight FANG's potential long-term strategy, its reasonable use of debt, and its increased buyback program. However, concerns about the stock's technical weakness, mixed analyst signals, and a potential decrease in Q3 EPS estimates from Capital One Financial could induce some investors to sell their positions.
Diamondback Energy FANG News Analytics from Sun, 27 Apr 2025 07:00:00 GMT to Sat, 23 Aug 2025 20:47:02 GMT -
Rating 4
- Innovation -1
- Information 8
- Rumor -2
