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Insider Trends: 90-Days of Insider Buying at Diamondback Energy Scaled Back with Share Sale

05/07/2021 12:22

04:13 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, Travis D Stice, Director and CEO, executed a sale of 20,000 shares in Diamondback Energy (FANG) for $1,700,000. Stice, after the transactions described in the SEC Form 4 filing, indirectly controls 477,823 shares of the company, which has a market value of $39.3 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 22 insider transactions reported to the SEC for Diamondback Energy. These transactions came from the activities of 9 different insiders that resulted in a net acquisition of 56,031 company shares. Relative to the preceding 90-day window of time, there are no insider transactions for the company.

This level of insider transactions is below that of the peer group average in the 227-company Oil & Gas Exploration and Production peer group over the last 90-day period. Peer group activity averaged 55.9 transactions per company, and disposition of 35,216 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1539838/000153983821000071/xslF345X03/wf-form4_162041811041373.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.