Diamondback Energy (NASDAQ:FANG) Executive Vice President, Chief Legal and Administrative Officer Matt Zmigrosky reported the sale of 4,101 shares of common stock on March 18, 2026, in a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $190.5128, producing a total transaction value of $781,292.
The Form 4 filing shows the range of prices for the disposed shares ran from $190.48 to $190.68. After completing the sale, Zmigrosky retained direct ownership of 56,392 Diamondback shares.
The insider transaction comes as Diamondback shares trade near a 52-week high of $193.75, following a 38% increase in the stock price over the past six months. An InvestingPro analysis referenced in company commentary indicates the stock remains undervalued relative to its Fair Value and notes there are 13 additional ProTips available to subscribers that examine the firm’s financial position and market standing.
Diamondback separately released its production and capital spending results for the fourth quarter of 2025. The company reported production of approximately 969 thousand barrels of oil equivalent per day for the quarter, a level that exceeded both the company’s guidance and analyst expectations. Capital expenditures for the quarter totaled $943 million, a figure described as slightly above outside expectations but still within Diamondback’s guidance range.
On the research front, Raymond James has adjusted its price target for Diamondback to $240 while maintaining a Strong Buy rating, citing a favorable oil outlook in its rationale.
In corporate finance developments, Diamondback disclosed the pricing of an underwritten public offering of 11 million shares by stockholder SGF FANG Holdings, LP. That sale is estimated to generate roughly $1.9 billion in gross proceeds for the selling stockholder. Diamondback will not receive any proceeds from this transaction. The selling stockholder has provided the underwriters a 30-day option to purchase up to an additional 1.65 million shares to cover potential over-allotments.
Relatedly, Viper Energy, an entity associated with Diamondback, announced a public offering of 17.4 million shares. Selling stockholders in that offering are expected to receive around $798 million in gross proceeds, with Viper Energy itself receiving no proceeds from the sale.
This reporting is based on regulatory filings and company disclosures. The scope of the filings and announcements provides direct detail on the insider sale, the company’s quarterly operational and capital results, analyst outlook, and parallel shareholder offerings without indicating any additional corporate proceeds for Diamondback from the sales.