Institutional Investors' Moves on Devon Energy Revealed

2024-03-12

During the quarter ending on December 31, 2023, Devon Energy (DVN) was found to be held by a significant number of hedge funds and ETFs, according to data from sharkstracker.com. A total of 1173 hedge funds were holding DVN shares, with a combined holding of 480,893,552 shares. On the ETF side, 51 ETFs were holding DVN, with a total of 46,775,679 shares in their portfolios.

In the same quarter, 460 hedge funds were actively buying DVN shares, while 521 were selling off their holdings. The hedge funds that were buying acquired 40,839,032 shares, whereas those selling off divested 41,950,923 shares. Furthermore, 88 hedge funds decided to double their positions in DVN, while 20 hedge funds opted to sell at least 90% of their DVN shares.

Among the top institutional holders of DVN shares were Vanguard Group Inc., BlackRock Inc., and State Street Corp. On the contrary, the institutions with a more pessimistic outlook on DVN included State Street Corp, Price T Rowe Associates Inc., and Citadel Advisors LLC. Conversely, the institutions displaying a more optimistic stance towards DVN were Pacer Advisors Inc., Two Sigma Advisers LP, and D. E. Shaw & Co., Inc.

This data, sourced from sharkstracker.com, provides a data-driven perspective on the market and can serve as a valuable resource for investors seeking insights into the ownership dynamics of DVN.