Diamondback Energy, Inc. disclosed in a Securities and Exchange Commission Form 4 filing that it sold 510,071 shares of Viper Energy, Inc. Class A common stock on March 19, 2026. The sale price was $45.69 per share, producing a notional transaction value of approximately $23.3 million.
According to the filing, the sale coincided with a same-day acquisition by Diamondback of 510,071 shares of Viper Energy Class A common stock. The filing further identifies Diamondback Energy as a 10 percent owner of Viper Energy and notes the company has a Director by Deputization.
Market data referenced in the filing shows Viper Energy stock trading at $47.32 at the time of reporting, trading near its 52-week high of $49.08 and up 26% year-to-date. These price moves provide context for the size and timing of Diamondback’s reported transactions.
Recent operating and capital-market developments at Viper Energy
Viper Energy reported fourth-quarter 2025 results that slightly underperformed expectations. The company posted earnings per share of $0.31 versus a consensus forecast of $0.3182, a shortfall representing a 2.58% negative surprise. Revenues were $435 million compared with an expected $441 million, amounting to a 1.36% revenue miss.
Separately, Viper Energy completed a secondary offering totaling approximately 17.4 million shares, priced at roughly $798 million. Those shares were placed by existing holders - Diamondback Energy, EnCap affiliates, and Oaktree Capital Management - and Viper Energy itself did not receive any proceeds from the sale.
Analyst and valuation notes
Research perspectives on Viper Energy are mixed in the material provided. InvestingPro analysis included in the filing materials notes that Viper Energy appears overvalued at current price levels. At the same time, KeyBanc Capital Markets has identified Viper Energy as one of several energy names that may be undervalued within its coverage universe and has rated VNOM as overweight, citing potential benefit from rising crude prices amid escalating violence in the Middle East.
These items - insider transactions, recent operational results, a large secondary offering, and differing analyst views - frame the recent activity around Viper Energy and provide the factual backdrop for evaluating the issuer's near-term positioning.