Significant Insider Sales in Shares of Diamondback Energy (FANG) Extends the Selling Trend of Last Quarter

Wednesday, March 07, 2018 10:15 PM ET

Significant Insider Sales in Shares of Diamondback Energy (FANG) Extends the Selling Trend of Last Quarter

In SEC filings today Diamondback Energy reported two insiders — Paul Molnar, Officer, and Teresa L Dick, Officer — disposed of 12,500 shares in the company having a market value of approximately $1,631,980. There have been 9 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 246,759 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 259,259 shares and have averaged 23,569 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 197-company peer group average. The Oil & Gas Exploration and Production peer group saw 166 buy/sell trades during this period for an average of 0.8 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 45,913,012 shares purchased and 2,321,091 shares sold with company insiders acquiring 399,926 shares on average over this time period.

To bring into focus significant insider buying and selling activity, 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 has been eliminated in data used to evaluate and write this story.

Today’s Insider Activity
* Paul Molnar, Officer, sold 10,000 shares
* Teresa L Dick, Officer, sold 2,500 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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