Diamondback Energy Director Sells $1.4M in Shares

Charles Alvin Meloy, a director at the oil and gas company, disclosed the sale of 7,857 shares.

Mar. 12, 2026 at 2:04pm

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Diamondback Energy, Inc. (NASDAQ:FANG) Director Charles Alvin Meloy sold 7,857 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $183.27, for a total transaction of $1,439,952.39. Following the sale, Meloy still directly owns 974,149 shares of the company's stock, valued at approximately $178,532,287.23.

Why it matters

Insider transactions, such as this sale by a Diamondback Energy director, can provide insights into management's views on the company's prospects. While a single sale does not necessarily indicate a negative outlook, it is still notable when a director reduces their position, as it may signal a shift in sentiment or a desire to diversify their holdings.

The details

According to the SEC filing, Meloy's sale represented a 0.80% decrease in his position. The transaction comes after Meloy previously sold 60,605 shares of Diamondback Energy stock on February 3rd for $9.8 million. Diamondback Energy is an independent oil and natural gas company focused on the Permian Basin in West Texas and southeastern New Mexico.

  • Meloy sold 7,857 shares on March 9, 2026.
  • Meloy previously sold 60,605 shares on February 3, 2026.

The players

Charles Alvin Meloy

A director at Diamondback Energy, Inc.

Diamondback Energy, Inc.

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

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The takeaway

This insider sale by a Diamondback Energy director, while not necessarily indicative of broader concerns, does highlight the need for investors to closely monitor insider transactions as they can provide valuable insights into management's views on the company's prospects.