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Despite strong Q4 earnings, Argent Trust Co. sold off nearly half of its Devon Energy shares.
Argent Trust Co. reduced its holdings in Devon Energy Co. (NYSE:DVN) by 45.1% in Q4, selling 18,782 shares.
Devon Energy reported strong Q4 earnings of $1.16 per share, exceeding analyst expectations by $0.16, with revenue reaching $4.40 billion.
Analysts predict an EPS of 4.85 for the current fiscal year.
The company's stock, valued at $18.32 billion, has seen institutional investors owning 69.72% of shares.
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A pesar de las fuertes ganancias del Q4, Argent Trust Co. vendió casi la mitad de sus acciones de Devon Energy.