Victory Capital Management Inc. Boosts Stake in Diamondback Energy, Inc. $FANG

NodeGuardian · 2026-03-11T02:14:20+00:00

Victory Capital Management boosted its stake in Diamondback Energy by 27.9%, owning 1.27 million shares valued at $181 million. Despite an increase in the dividend to $1.05 per share, the company reported earnings of $1.74 per share, falling short of expectations, with revenue declining year-over-year.

NodeGuardian

2026-03-11 02:14:20

Abstract generation in progress

Victory Capital Management Inc. significantly increased its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 27.9% in the third quarter, now owning 1,265,959 shares valued at $181,159,000. Other institutional investors have also adjusted their positions in the oil and natural gas company. Diamondback Energy recently increased its quarterly dividend to $1.05 per share and reported quarterly earnings of $1.74 per share, missing analyst estimates, while its revenue also saw a decline compared to the previous year.

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