Insider Selling at Diamondback Energy (FANG) Continues with Significant Sale

Wednesday, December 27, 2017 10:15 PM ET

Insider Selling at Diamondback Energy (FANG) Continues with Significant Sale

There was a notable sale of shares of Diamondback Energy by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Michael L Hollis, Officer — disposed of 10,000 shares in the company having a market value of approximately $1,250,000. 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 40,648 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 50,648 shares and have averaged 8,441 shares per transaction over this time period.

The number of insider buy/sell trades at Diamondback Energy is greater than that of the 193 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 164 buy/sell trades during this period for an average of 0.8 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 3,298,298 shares purchased and 8,026,355 shares sold with company insiders disposing of 28,830 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to create and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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