This oil company’s top executives cashed in as the stock climbed to a 16-month high

AirdropHarvester · 2026-03-11T16:04:00+00:00

Diamondback Energy shares fell after the company revealed its largest shareholder and top executives sold shares during a recent rally. SGF Fang Holdings LP sold 11 million shares for about $1.9 billion, resulting in a price 3.2% lower than Tuesday's close.

AirdropHarvester

2026-03-11 16:04:00

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Shares of Diamondback Energy dropped Wednesday after the oil-and-gas company disclosed that its largest shareholder and a number of its C-suite executives had sold during the rally on the back of the Iran conflict.

The company FANG stated in a late Tuesday filing with the Securities and Exchange Commission that SGF Fang Holdings LP sold 11 million of its shares, raising approximately $1.9 billion. That implies a price for the sale of about $172.73, which was 3.2% below where the stock closed on Tuesday.

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