BlackRock acquired 18.5M Diamondback Energy shares worth $3.76B. That's 0.06% of their equity portfolio (270th largest holding). The investor owns 6.97% of the outstanding Diamondback Energy stock. The first Diamondback Energy trade was made in Q4 2020. Since then BlackRock bought shares nine more times and sold shares on eight occasions. The stake costed the investor $1.83B, netting the investor a gain of 105% so far.
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Diamondback (FANG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in ...