Diamondback Energy has been heavily active with several developments including insider trading, a leadership transition, and heavy acquisition activities. The company has acquired Midland Basin and expanded its presence in Permian basin via a massive $4.08 billion deal. It also secured 40,000 prime Midland Basin acres in a $3 billion strategic purchase. Various equity handling activities were observed, including shares being purchased by ING Groep NV and the State of New Jersey Common Pension Fund, while shares were sold by Davidson Investment Advisors and Principal Financial Group. Despite Barclays hinting that the Double Eagle acquisition was more targeted than anticipated, the shares failed to sparkle post the Texas oil deal. {{b>Diamondback Energy is set to release its Q4 earnings, amidst speculation of a decline. The CEO, Stice, decided to step down before this event, with his successor being Van't Hof. Finally, Diamondback Energy is scheduled to complete a dropdown transaction, substantially boosting its growth in the bio-tech market.
Diamondback Energy FANG News Analytics from Thu, 30 Jan 2025 08:00:00 GMT to Sat, 22 Feb 2025 21:06:00 GMT -
Rating 3
- Innovation -3
- Information 6
- Rumor -2
