Ninety One SA (Pty) 13F: Exits Diamondback Energy (FANG) Stake

Ninety One SA (Pty) completely exited its stake in Diamondback Energy, Inc. (NasdaqGS: FANG), according to a Form 13F filing with the SEC on October 15, 2026. Because 13F reports look backward at holdings from the end of the reporting quarter, the filing shows past activity and might not reflect the fund's current holdings.

Inside Ninety One SA's Diamondback Energy Trade

The fund sold out its position entirely, getting rid of all 3,311 shares it held previously. That marked a 100.0% reduction, leaving the firm with zero shares in the oil and producer.

Other Institutional Activity in Diamondback Energy

Other large funds moved their money around in Diamondback Energy during the same window. Blackrock Inc. grew its holdings by 286,839 shares, ending with 18,792,594 shares worth about $3,832,749,488.00 after a 1.6% increase. Wellington Management Group, LLP grew its holdings by 3,919,107 shares, ending with 16,420,247 shares worth about $3,348,909,325.00 after a 31.4% increase. Vanguard Capital Management LLC grew its holdings by 43,288 shares, ending with 12,775,007 shares worth about $2,605,462,638.00 after a 0.3% increase. State Street Corporation grew its holdings by 509,817 shares, ending with 12,562,224 shares worth about $2,562,065,546.00 after a 4.2% increase. Invesco Ltd. grew its holdings by 662,623 shares, ending with 11,180,445 shares worth about $2,280,251,723.00 after a 6.3% increase.

Diamondback Energy, Inc. Stock Up 1.0%

Diamondback Energy shares recently traded around $197.65. The stock sits above its 50-day moving average of $196.73 and above its 200-day moving average of $186.56. It trades 8.9% below its 52-week high of $216.90 and well above its 52-week low of $137.03.

Recent Earnings

The company reported trailing-twelve-month revenue of $16,248,005,512.00 and trailing earnings of $5.25 per share. Its net profit margin stands at 9.0% with a return on equity of 3.5%. The next earnings update is scheduled for November 2, 2026.

Dividend

Diamondback Energy pays an annual dividend rate of $4.40 per share, giving it a dividend yield of 2.25%. The payout ratio sits at 79.1%.

Insider Buying and Selling at Diamondback Energy, Inc.

Company insiders also made trades prior to the filing. Teresa L Dick sold 5,000 shares on September 15, 2026, at an average price of $210.00 for a total value of $1,050,000.00. Matthew Paul Zmigrosky sold 1,326 shares on September 15, 2026, at an average price of $212.56 for a total value of $281,848.00. LP SGF Fang Holdings sold 9,079,675 shares on September 16, 2026, at an average price of $205.26 for a total value of $1,863,694,090.00. Charles Alvin Meloy sold 33,333 shares on October 5, 2026, for a total value of $6,124,676.00.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on the stock recently. On August 17, 2026, Barclays maintained its Overweight rating and lowered its price target to $221.00 from $232.00. On August 19, 2026, Morgan Stanley downgraded the stock to Equal-Weight with a $216.00 price target. On September 3, 2026, Seaport Global initiated coverage with a Neutral rating. On September 14, 2026, UBS maintained a Buy rating and raised its price target to $253.00 from $243.00. On September 17, 2026, Raymond James maintained a Strong Buy rating and raised its price target to $255.00 from $248.00. Across the broader community, the stock carries a strong buy consensus and an average price target of $236.97.

About Diamondback Energy

Diamondback Energy operates as an independent oil and natural gas company focused on acquiring, developing, and exploring unconventional onshore reserves in the Permian Basin of West Texas and New Mexico. The company targets formations in the Midland and Delaware basins to extract crude oil and natural gas.

Bottom Line

Ninety One SA's complete exit removes its small exposure from the company's investor base. Investors will look toward the upcoming earnings report on November 2, 2026, for fresh details on operational performance. Remember that 13F reports only show historical positions and may not reflect current holdings.