Wolfe Research Upgrades Devon Energy (WBAG:DVN)

Fintel reports that on January 3, 2025, Wolfe Research upgraded their outlook for Devon Energy (WBAG:DVN) from Peer Perform to Outperform.

What is the Fund Sentiment?

There are 2,037 funds or institutions reporting positions in Devon Energy. This is an increase of 4 owner(s) or 0.20% in the last quarter. Average portfolio weight of all funds dedicated to DVN is 0.28%, an increase of 3.02%. Total shares owned by institutions increased in the last three months by 8.78% to 571,632K shares.

What are Other Shareholders Doing?

AT:DVN / Devon Energy Corporation Shares Held by Institutions

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 19,822K shares representing 3.02% ownership of the company. In its prior filing, the firm reported owning 19,969K shares , representing a decrease of 0.74%. The firm decreased its portfolio allocation in DVN by 23.05% over the last quarter.

XLE - The Energy Select Sector SPDR Fund holds 16,687K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 17,496K shares , representing a decrease of 4.85%. The firm decreased its portfolio allocation in DVN by 15.95% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 16,401K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 16,220K shares , representing an increase of 1.11%. The firm decreased its portfolio allocation in DVN by 23.20% over the last quarter.

Geode Capital Management holds 15,893K shares representing 2.42% ownership of the company. In its prior filing, the firm reported owning 15,686K shares , representing an increase of 1.30%. The firm decreased its portfolio allocation in DVN by 59.61% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 13,260K shares representing 2.02% ownership of the company. In its prior filing, the firm reported owning 13,538K shares , representing a decrease of 2.10%. The firm decreased its portfolio allocation in DVN by 25.64% over the last quarter.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.