Devon Energy Corporation sees shifts in institutional holdings

Institutional investors have shown varying levels of activity regarding their holdings in Devon Energy Corporation, according to recent SEC filings.

Oppenheimer & Co. Inc. increased its position in the energy company by 16.2% during the second quarter, bringing its total holdings to 157,313 shares valued at approximately $6.5 million. Similarly, Westwind Capital significantly raised its stake by 1,300.8% in the second quarter, owning 27,637 shares worth $1.14 million.

Other major moves include BCGM Wealth Management LLC establishing a new position of 72,420 shares valued at roughly $2.99 million in the second quarter. Kimmeridge Energy Management Company LLC also reported a substantial increase of 56.5% in the fourth quarter, holding over 8.8 million shares worth more than $324 million. Institutional investors and hedge funds currently own approximately 69.72% of the company's stock.