10 Best Value Dividend Stocks to Invest in According to the Media

3. Diamondback Energy, Inc. (NASDAQ:FANG)

Forward P/E Ratios: 9.76

Diamondback Energy, Inc. (NASDAQ:FANG) is an independent energy company that is mainly engaged in the exploration of hydrocarbons. In the fourth quarter of 2024, the company reported revenue of $3.71 billion, up 66.5% from the same period last year. The revenue also beat analysts’ estimates by $161.7 million. It posted an average daily production of 475.9 thousand barrels of oil (or 883.4 thousand barrels of oil equivalent). During this period, the company drilled a total of 137 gross wells—131 in the Midland Basin and six in the Delaware Basin. It brought 128 operated wells online, including 124 in the Midland Basin and four in the Delaware, with the average lateral length of those wells reaching 11,810 feet.

Diamondback Energy, Inc. (NASDAQ:FANG)’s cash position also remained strong. In the most recent quarter, the company’s operating cash flow came in at $2.3 billion, and its free cash flow was $1.3 billion. It also returned $694 million to shareholders through dividends and share repurchases, which represented 51% of Adjusted Free Cash Flow. In February, the company declared an 11% hike in its quarterly dividend to $1.00 per share. It is one of the best value dividend stocks as the company has raised its payouts multiple times since the initiation of its dividend policy in 2018. The stock supports a dividend yield of 4.69%, as of April 21.

At the end of Q4 2024, 53 hedge funds tracked by Insider Monkey held stakes in Diamondback Energy, Inc. (NASDAQ:FANG), up from 49 in the previous quarter. The consolidated value of these stakes is over $1.7 billion. With over 2.8 million shares, Diamond Hill Capital was the company’s leading stakeholder in Q4.