X
<

A Deep Dive into Devon Energy’s Operational Performance

PART:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Part 14
A Deep Dive into Devon Energy’s Operational Performance PART 14 OF 15

Are Institutional Investors Bailing on Devon Energy?

Devon Energy’s 13F filers’ statistics

In 1Q17, 342 funds were buyers of Devon Energy (DVN) stock, and 349 funds were sellers of DVN. In 1Q17, total selling funds outnumbered total buying funds by seven. On March 31, 2017, 739 13F filers held DVN in their portfolios, out of which only 14 filers had DVN in their top ten holdings.

When viewed from the aggregate shares point of view, 13F filers reduced their aggregate DVN positions by ~2.8% in 1Q17. This represented a reduction from ~412.3 million shares to ~400.9 million shares.

Are Institutional Investors Bailing on Devon Energy?

Interested in DVN? Don't miss the next report.

Receive e-mail alerts for new research on DVN

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Notable reductions

In notable reductions, Fiduciary Management reduced its DVN holdings from ~2.5% of its portfolio to ~1.2%. In 1Q17, Fiduciary Management sold ~3.8 million shares of DVN to bring its total DVN position to ~5.1 million shares.

Alleghany Corporation reduced its DVN holdings from ~2.6% of its portfolio to ~1.7%. In 1Q17, Alleghany Corporation sold ~0.83 million shares of DVN to bring its total DVN position to ~0.83 million shares.

On March 31, 2017, Devon Energy had ~525 million common shares outstanding. Form 13F is a SEC mandate that must be submitted by all institutional investors who manage more than $100 million in assets.

Other upstream players

In 1Q17, 13F filers reduced their aggregate share positions in upstream companies like EOG Resources (EOG), Marathon Oil (MRO), and Southwestern Energy (SWN). 

The ISE-Revere Nat Gas Index ETF (FCG) invests in natural gas producers, and the Energy Select Sector SPDR ETF (XLE) generally invests at least 95% of its total assets in oil and gas companies.

X

Please select a profession that best describes you: