Wealthfront Advisers LLC Cuts Position in Devon Energy Corporation $DVN

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Wealthfront Advisers LLC has decreased its stake in Devon Energy Corporation ($DVN) by 9.8%, selling 27,386 shares and retaining 251,886 shares valued at $8.83 million. Despite this, Devon Energy’s stock was up approximately 3.5% at $44.98, nearing its 52-week high, with institutions holding about 69.7% of the stock. Analysts generally rate the stock a “Moderate Buy” with a consensus price target of $46.24, though recent price target adjustments have been mixed.

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