Diamondback's Largest Shareholder Launches Up to $1.94 Billion Share Sale [Yahoo! Finance]
Diamondback Energy, Inc. (FANG)
Last diamondback energy, inc. earnings: 2/18 04:01 pm
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Source: Yahoo! Finance
This article first appeared on GuruFocus A major shareholder of Diamondback Energy ( NASDAQ:FANG ) is moving to sell a large block of shares that could raise nearly $2 billion, a transaction that may shift ownership dynamics at one of the Permian Basin's biggest pure-play shale producers. Warning! GuruFocus has detected 10 Warning Signs with FANG. Is FANG fairly valued? Test your thesis with our free DCF calculator. SGF Fang Holdings LP, an investment vehicle beneficially owned by Lyndal Stephens Greth, is offering 11 million shares in Diamondback Energy, according to a company statement and people familiar with the matter. The shares are being marketed between $172.25 and $176 each, a range that could represent a discount of as much as 3.4% to Tuesday's closing price. If priced within that range, the sale could raise as much as $1.94 billion, with the transaction expected to price overnight. Greth is the daughter of the late wildcatter Autry Stephens, who founded Endeavor
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FANG
Earnings
- 2/23/26 - Miss
FANG
Sec Filings
- 3/26/26 - Form SCHEDULE
- 3/24/26 - Form 4
- 3/24/26 - Form 4
- FANG's page on the SEC website