What the bad jobs report means for markets
MIDLAND, Texas—Jere W. Thompson III, the Chief Financial Officer and Executive Vice President of Diamondback Energy, Inc. (NASDAQ:FANG), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Thompson sold 1,500 shares of common stock on June 9, 2025. The shares were sold at a weighted average price of $141.5165, amounting to a total transaction value of $212,274. The transaction occurred as the stock trades near $149, with InvestingPro analysis suggesting the company is currently undervalued based on its Fair Value model.
The sale was executed in multiple transactions with prices ranging from $141.4491 to $141.64 per share. Following this transaction, Thompson retains direct ownership of 13,788 shares in the company. This move comes as Diamondback Energy, with its robust market capitalization of $43.49 billion and attractive P/E ratio of 9.03, continues to navigate a challenging energy market landscape. InvestingPro data reveals strong financial health metrics and sustained dividend payments for 8 consecutive years. Discover more insights about FANG and 1,400+ other stocks through comprehensive Pro Research Reports, available exclusively on InvestingPro.
In other recent news, Diamondback Energy has announced a significant executive restructuring, with Travis D. Stice transitioning from CEO to Executive Chairman, and Kaes Van’t Hof stepping into the CEO role. These changes were formalized during the company’s 2025 Annual Meeting, where stockholders also approved executive compensation and ratified the independent auditors for the fiscal year. Meanwhile, Viper Energy (NASDAQ:VNOM) Partners, a subsidiary of Diamondback Energy, is set to acquire Sitio Royalties in an all-equity transaction valued at approximately $4.1 billion, including Sitio’s net debt. This strategic move is expected to enhance Viper’s cash available for distribution by 8-10% and lower its breakeven costs. UBS analysts maintain a Buy rating for Diamondback Energy, citing the acquisition’s potential benefits. In contrast, JPMorgan has revised its price target for Diamondback Energy to $161, maintaining an Underweight rating while recognizing the company’s capital efficiency and cash return strategies. Similarly, JPMorgan adjusted Viper Energy’s price target to $47 but kept an Overweight rating, emphasizing the company’s strong position in the minerals sector. These developments highlight Diamondback Energy’s ongoing strategic initiatives and market positioning.
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