Viper Energy Announces Merger with Sitio Royalties

Diamondback ( (FANG) ) has provided an update.

On June 2, 2025, Viper Energy, a subsidiary of Diamondback Energy, announced an all-equity merger agreement to acquire Sitio Royalties Corp. valued at approximately $4.1 billion, including Sitio’s net debt. The transaction, subject to customary closing conditions, received approval from Diamondback stockholders, who hold a majority of Viper’s voting power. A support agreement was also signed, restricting the transfer of Viper’s common stock until 90 days post-transaction, indicating a strategic move to consolidate and strengthen Diamondback’s position in the energy sector.

The most recent analyst rating on (FANG) stock is a Buy with a $218.00 price target. To see the full list of analyst forecasts on Diamondback stock, see the FANG Stock Forecast page.

Spark’s Take on FANG Stock

According to Spark, TipRanks’ AI Analyst, FANG is a Outperform.

Diamondback’s strong financial performance and attractive valuation are the primary drivers of the stock score, indicating a solid investment prospect. However, technical indicators suggest cautious trading, and the earnings call highlights potential production and cost challenges.

To see Spark’s full report on FANG stock, click here.

More about Diamondback

Diamondback Energy, Inc. operates in the energy sector, focusing on oil and natural gas exploration and production. Its subsidiary, Viper Energy, Inc., is involved in acquiring and managing mineral interests and royalties.

Average Trading Volume: 2,629,703

Technical Sentiment Signal: Hold

Current Market Cap: $40.2B

For detailed information about FANG stock, go to TipRanks’ Stock Analysis page.