Westwood Holdings Group sold 164,375 shares of Diamondback Energy in Q1, reducing its stake.

Westwood Holdings Group sold 164,375 shares of Diamondback Energy (FANG) during the first quarter, reducing its holdings in the oil and natural gas company. Diamondback Energy's stock was trading at $189.06 during the quarter, with a market cap of $33.72 billion and a PE ratio of 10.66. COO Daniel N. Wesson sold 6,000 shares for $1,182,840. Institutional investors own 90.01% of the company's stock, and Diamondback focuses on developing the Spraberry and Wolfcamp formations of the Midland Basin, as well as the Wolfcamp and Bone Spring formations of the Delaware Basin in West Texas and New Mexico.

August 04, 2024
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