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Diamondback Energy (FANG) Insider Makes Significant Share Sale

05/10/2021 18:22

10:20 PM EDT, 05/10/2021 (MT Newswires) -- There was a significant sale of shares of Diamondback Energy by an insider today, as revealed in a form 4 document filed with the SEC. One insider -- Travis D Stice, Director and Officer -- disposed of 20,000 shares in the company having a market value of approximately $1,700,000. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 44,900 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 64,900 shares and have averaged 10,817 shares per transaction over this time period.

The number of insider buy/sell trades at Diamondback Energy is higher than that of the 227 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 120 buy/sell trades during this period for an average of 0.5 transactions per company. However, the number of shares traded per transaction by Diamondback Energy insiders is lower than its peers. Within the peer group there were 2,803,268 shares purchased and 39,525,068 shares sold with company insiders having sold 306,015 shares on average over this time period.

The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

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.