Daniel Wesson, Executive Vice President & Chief Operating Officer, has sold 6,000 shares of Diamondback Energy Inc (FANG, Financial) on March 19, 2024, according to a recent SEC Filing. This transaction has been part of a series of sales by the insider over the past year, with a total of 13,000 shares sold and no shares purchased.
Diamondback Energy Inc is an independent oil and natural gas company headquartered in Midland, Texas. The company is focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.
Over the past year, there have been no insider buys of Diamondback Energy Inc stock, while there have been 16 insider sells in the same timeframe, indicating a trend of insider sales.
On the date of the insider's recent sale, shares of Diamondback Energy Inc were trading at $192.17, giving the company a market capitalization of $34.69 billion. The price-earnings ratio stood at 11.21, which is above the industry median of 10.65 but below the company's historical median price-earnings ratio.
The stock's price of $192.17 compared to the GuruFocus Value of $160.15 suggests that Diamondback Energy Inc is modestly overvalued with a price-to-GF-Value ratio of 1.2.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
