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Finemark National Bank & Trust Boosts Diamondback Energy Holdings
The bank increased its stake in the oil and gas company by 100.1% in the third quarter.
Mar. 3, 2026 at 12:23am
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Finemark National Bank & Trust, an institutional investor, increased its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 100.1% in the third quarter. The bank now owns 79,125 shares of the oil and natural gas company's stock, worth $11,323,000 at the end of the quarter.
Why it matters
Diamondback Energy is a major player in the Permian Basin, one of the most prolific oil and gas producing regions in the United States. The increase in Finemark's stake suggests the bank sees long-term growth potential in the company.
The details
According to a filing with the Securities and Exchange Commission, Finemark National Bank & Trust purchased an additional 39,575 shares of Diamondback Energy in the third quarter, bringing its total holdings to 79,125 shares. The bank cited the oil and gas company's strong performance and growth prospects as reasons for the increased investment.
- Finemark National Bank & Trust increased its Diamondback Energy holdings in the third quarter of 2026.
The players
Finemark National Bank & Trust
An institutional investor that manages assets and provides banking services.
Diamondback Energy, Inc.
An independent oil and natural gas company focused on the Permian Basin in West Texas and southeastern New Mexico.
The takeaway
Finemark National Bank & Trust's increased stake in Diamondback Energy suggests the bank sees long-term growth potential in the oil and gas company, which is a major player in the Permian Basin, one of the most prolific energy-producing regions in the United States.
