Diamondback Energy (NASDAQ:FANG) stock rose after the oil producer said it would pay $26 billion for privately held Endeavor Energy.The cash and stock deal, with Diamondback holding a majority stake, continues a trend of consolidation in the oil business around the heavily-fracked Permian Basin of west Texas and New Mexico.Last fall Exxon Mobil (NYSE:XOM) said it will buy Pioneer Natural (NYSE:PXD) for $64.5 billion. Then Chevron (NYSE:CVX) bought Hess (NYSE:HES), for $53 billion. FANG stock opened this mor ...

Key TakeawaysDiamondback Energy shares rose in pre-market trading Monday after announcing a $26 billion merger deal with Endeavor Energy Resources.Deal activity has increased in the energy sector over the past six months as producers seek prime acreage to ramp up production amid higher oil prices.The Diamondback Energy share price has traded within an ascending triangle since June 2022, a chart pattern that indicates a continuation of the current long-term trend. Diamondback Energy, Inc. Source: TradingV ...

ToplineTexas oil and natural gas firm Diamondback Energy announced Monday it will buy its privately held competitor Endeavor Energy in an agreement valuing the latter at roughly $26 billion, the latest massive energy deal amid an otherwise quiet time for dealmaking. Diamondback and Endeavor, two leaders in the oil-rich Permian Basin, will combine to form a more ... [+] than $50 billion entity.AFP via Getty Images Key FactsDiamondback’s offer of roughly $17.8 billion worth of its publicly traded stock at Fr ...

Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt. The combined company would be the third-largest oil and gas producer in the region behind Exxon and Chevron, with both having announced recent deals.The deal comes amid a wave of consolidation in the prolific Permian Basin to boost production - the biggest in 2023 was Exxon buying Pi ...

MIDLAND, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") and Endeavor Energy Resources, L.P. ("Endeavor"), today announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately $26 billion, inclusive of Endeavor's net debt. The combination will create a premier Permian independent operator. The transaction consideration will consist of approximately 11 ...

Diamondback Energy Inc. and Endeavor Energy Resources are reportedly in the late stages of deal talks that would see the shale rivals form a massive company. A deal between the two oil giants could come as soon as Monday, according to a report in The Wall Street Journal, which cited sources close to the discussions. ...

The latest trading session saw Diamondback Energy (FANG) ending at $149.62, denoting a -0.4% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.2%.Heading into today, shares of the energy exploration and production company had lost 3.67% over the past month, lagging the Oils-Energy sector's loss of 2.12% and the S&P 500's gain of 4.59% in that time.Analysts and inv ...

The most recent trading session ended with Diamondback Energy (FANG) standing at $156.93, reflecting a +1.34% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.Shares of the energy exploration and production company witnessed a loss of 0.14% over the previous month, beating the performance of the Oils-Energy sector with its loss of 1.02% and underperforming the S&P 500's ...

Diamondback Energy (FANG 0.08%) has flown under the radar of many dividend investors. That's causing them to miss out on its high-octane dividend. The oil company pays a rapidly rising base dividend. On top of that, it routinely pays a variable dividend, which can be quite sizable.It gave investors a monster raise last quarter, paying a total of $3.37 per share (more than 300% above the second quarter's level). While its payout will fluctuate in the future, investors seeking big-time income potential should ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-35700 Diamondback Energy, Inc. (Exact Name of Registrant As Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) 500 West Texas Ave. Suite 100 Midland, TX 79701 Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ...