Shell Asset Management Co. Trims Stock Position in Devon Energy Corporation $DVN

2026-02-24 04:52:20

Shell Asset Management Co. has significantly reduced its stake in Devon Energy Corporation (NYSE:DVN) by 53.0% in the third quarter, now owning 66,878 shares valued at $2.345 million. Despite this, other institutional investors have recently increased their positions in Devon Energy, with institutional ownership standing at 69.72%. The stock experienced a 1.5% increase, opening at $44.63, and analysts have issued varied ratings, resulting in an average “Moderate Buy” with a target price of $46.24.

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