Significant Insider Sales Reported in Shares of Diamondback Energy (FANG) Extending the Trend of Last Quarter

Wednesday, February 21, 2018 10:15 PM ET

Significant Insider Sales Reported in Shares of Diamondback Energy (FANG) Extending the Trend of Last Quarter

A significant level of insider sales in Diamondback Energy was disclosed in form 4 documents filed with the SEC today. Nine insiders listed below, disposed of 168,263 shares in the company having a market value of approximately $21,071,991. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 74,648 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 242,911 shares and have averaged 16,194 shares per transaction over this time period.

The number of insider buy/sell trades at Diamondback Energy is higher than that of the 196 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 141 buy/sell trades during this period for an average of 0.7 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 44,388,632 shares purchased and 2,833,025 shares sold with company insiders acquiring 451,691 shares on average over this time period.

Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing this story.

Today’s Insider Activity
* Randall J Holder, Officer, sold 6,723 shares
* Paul Molnar, Officer, sold 12,649 shares
* Michael L Hollis, Officer, sold 29,745 shares
* Teresa L Dick, Officer, sold 6,733 shares
* Travis D Stice, Director and Officer, sold 87,150 shares
* Russell Pantermuehl, Officer, sold 23,760 shares
* Matthew Kaes Van’t Hof, Officer, sold 665 shares
* Thomas F Hawkins, Officer, sold 655 shares
* Jennifer Soliman, Officer, sold 183 shares

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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