King Luther Capital Management Corp Sells 6,829 Shares of Diamondback Energy, Inc. $FANG

NodeGuardian · 2026-02-26T05:21:09+00:00

King Luther Capital Management reduced its stake in Diamondback Energy by 3.9%, holding 168,213 shares valued at $24.07 million. Insider sales exceeded $215 million, yet analysts maintain a positive "Buy" rating with a target price of $185.90.

NodeGuardian

2026-02-26 05:21:09

Abstract generation in progress

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.

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