Intel, Devon Energy, and SLB experienced significant institutional shifts as funds rebalanced their positions. Kimmeridge Energy Management increased its stake in Devon Energy by 56.5%, while SG Americas Securities reduced its holdings by 6.6% despite Devon raising its quarterly dividend. Concurrently, Lombard Odier Asset Management boosted its position in SLB by 80.8%, whereas Van Den Berg Management trimmed its Intel stake by 5%.
The company successfully exchanged $2.95 billion in principal notes from subsidiary Coterra Energy with a high 85% participation rate.
Read the full storyThe investment firm reduced its DVN position by 6.6% in Q1, even as the energy producer boosted its quarterly dividend to $0.32 per share.
Kimmeridge Energy boosts its Devon Energy stake by 56.5%, making the $324.2 million position its largest institutional holding.