King Luther Capital Management Corp reduced its stake in Diamondback Energy (NASDAQ:FANG) by 3.9% in the third quarter, selling 6,829 shares and leaving it with 168,213 shares valued at approximately $24.07 million. In related insider activity, Fang Holdings LP and Director Charles Alvin Meloy recently sold significant amounts of Diamondback Energy stock totaling over $215 million. Despite these sales, Wall Street analysts maintain a positive “Buy” consensus rating for Diamondback Energy with a target price of $185.90.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
King Luther Capital Management Corp Sells 6,829 Shares of Diamondback Energy, Inc. $FANG
King Luther Capital Management Corp reduced its stake in Diamondback Energy (NASDAQ:FANG) by 3.9% in the third quarter, selling 6,829 shares and leaving it with 168,213 shares valued at approximately $24.07 million. In related insider activity, Fang Holdings LP and Director Charles Alvin Meloy recently sold significant amounts of Diamondback Energy stock totaling over $215 million. Despite these sales, Wall Street analysts maintain a positive “Buy” consensus rating for Diamondback Energy with a target price of $185.90.