Royal Bank of Canada Boosts Stake in Diamondback Energy

Royal Bank of Canada (RBC) increased its stake in Diamondback Energy, Inc. by 11.1% during the first quarter, according to the company's most recent disclosure with the Securities and Exchange Commission.

The firm owned 1,172,913 shares of Diamondback Energy's stock after acquiring an additional 117,471 shares during the quarter. RBC owned about 0.42% of Diamondback Energy worth $231,992,000 at the end of the most recent reporting period.

This is not the only significant change to RBC's position in Diamondback Energy. In other news, Director Charles Alvin Meloy sold 83,334 shares of the stock on June 16th at an average price of $187.12, for a total transaction of $15,593,458.08.