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Vestmark Advisory Reduces Stake in Diamondback Energy
Investment firm lowers position in oil and gas company by over 80%
Mar. 3, 2026 at 12:15am
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Vestmark Advisory Solutions Inc. has lowered its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 80.6% during the third quarter, according to a recent filing with the Securities and Exchange Commission. The investment firm now owns 1,569 shares of the oil and natural gas company's stock, down from 8,103 shares previously.
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. Changes in institutional ownership of the company's stock can signal shifts in investor sentiment and outlook for the energy sector.
The details
According to the filing, Vestmark Advisory Solutions sold 6,534 shares of Diamondback Energy during the third quarter, reducing its total position to 1,569 shares worth approximately $225,000. The move comes as Diamondback Energy has seen its stock price rise over the past year, climbing from around $114 per share to a recent high of $177.
- Vestmark Advisory Solutions filed its third quarter disclosure with the SEC on March 1, 2026.
- The firm reduced its Diamondback Energy stake during the third quarter of 2025.
The players
Vestmark Advisory Solutions Inc.
An investment management firm that provides advisory services and portfolio management solutions.
Diamondback Energy, Inc.
An independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin.
The takeaway
The reduction in Vestmark Advisory's Diamondback Energy position reflects broader trends in the energy sector, as investors weigh factors like commodity prices, production costs, and the transition to renewable energy sources. However, Diamondback remains a major player in the Permian Basin, one of the most prolific oil and gas regions in the U.S.
