Continued Level of Significant Insider Selling at Diamondback Energy (FANG)

Wednesday, January 03, 2018 10:15 PM ET

Continued Level of Significant Insider Selling at Diamondback Energy (FANG)

One Diamondback Energy insider Travis D Stice, Director and Officer, today, disposed of 35,000 shares having a market value of approximately $4,375,000, as indicated in a form 4 document filed with the SEC. 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 49,648 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 84,648 shares and have averaged 14,108 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Diamondback Energy is greater than its 193-company peer group average. The Oil & Gas Exploration and Production peer group saw 166 buy/sell trades during this period for an average of 0.9 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 3,739,979 shares purchased and 8,062,199 shares sold with company insiders selling 26,037 shares on average over this time period.

The data obtained in composing 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.

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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