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American Century Companies Inc. Increases Stake in Diamondback Energy
Investment firm adds over 280,000 shares of oil and gas company
Mar. 3, 2026 at 1:39am
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American Century Companies Inc. increased its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 28.7% during the 3rd quarter, according to the company's recent SEC filing. The investment firm now owns 1,268,740 shares of the oil and natural gas company's stock, worth approximately $181.6 million.
Why it matters
This transaction highlights the continued institutional investor interest in Diamondback Energy, a leading Permian Basin oil and gas producer. The increase in American Century's stake suggests confidence in Diamondback's growth prospects and ability to navigate the volatile energy market.
The details
According to the filing, American Century purchased an additional 282,896 shares of Diamondback Energy during the third quarter. This brings the firm's total ownership stake in the company to approximately 0.44%. The purchase was part of American Century's broader investment strategy focused on the energy sector.
- The share purchase was made during the 3rd quarter of 2026.
The players
American Century Companies Inc.
An investment management firm that oversees over $200 billion in assets.
Diamondback Energy, Inc.
An independent oil and natural gas company focused on the Permian Basin in West Texas.
The takeaway
This transaction underscores the continued institutional investor confidence in Diamondback Energy's ability to generate returns in the current energy market environment. As a major Permian Basin operator, Diamondback's performance is closely watched by the investment community.
