Diamondback Energy Trims Stake in Third Quarter

Ceredex Value Advisors LLC reduces position in oil and gas company by 9.7%

Published on Mar. 10, 2026

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Ceredex Value Advisors LLC trimmed its position in Diamondback Energy, Inc. (NASDAQ:FANG) by 9.7% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The fund owned 392,228 shares of the oil and natural gas company's stock after selling 42,095 shares during 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. Changes in institutional ownership of the company's stock can provide insights into investor sentiment and the overall outlook for the energy sector.

The details

Ceredex Value Advisors LLC reduced its stake in Diamondback Energy by selling 42,095 shares during the third quarter. The firm now owns 392,228 shares, or 0.14% of the company's outstanding stock, worth approximately $56.1 million. Diamondback Energy's stock has seen strong performance recently, with shares trading near 52-week highs.

  • Ceredex Value Advisors LLC trimmed its position in Diamondback Energy during the third quarter of 2026.

The players

Ceredex Value Advisors LLC

An investment management firm that owns a 0.14% stake in Diamondback Energy.

Diamondback Energy, Inc.

An independent oil and natural gas company focused on the Permian Basin in West Texas.

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The takeaway

The reduction in Ceredex's position in Diamondback Energy reflects broader trends in the energy sector, where investors are closely monitoring factors like commodity prices, production levels, and regulatory changes that can impact the performance of oil and gas companies.