Devon Energy Buys 1.75 Million Shares of WBI
Devon Energy Corp reported buying 1.75 million shares of WBI on June 22, 2026.
Key Points
- Devon Energy purchased 1.75 million shares of WBI on June 22, 2026, with shares trading around $28.59.
- WBI peers include Horizon Kinetics and T. Rowe Price, with Horizon Kinetics increasing its stake by 7.4%.
- Analysts from Goldman Sachs and Barclays maintained buy ratings for WBI with price targets of $36 and $33, respectively.
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Devon Energy Corp made a significant move by purchasing 1.75 million shares of WBI on June 22, 2026. On Thursday, shares of WBI were trading near $28.59.
Other Institutional Activity in WBI
DEVON ENERGY CORP/DE opened a new position with 17.76 million shares valued at approximately $475.72 million. Horizon Kinetics Asset Management LLC increased its holdings by 504,627 shares, bringing its total to 7.34 million shares worth about $196.70 million, a 7.4% increase. FMR LLC trimmed its stake by 74,986 shares, ending with 3.96 million shares valued at $106.19 million, a 1.9% decrease. T. Rowe Price Investment Management, Inc. also opened a new position with 2.15 million shares valued at $57.70 million. Schwartz Investment Counsel Inc boosted its holdings by 218,000 shares to 1.60 million shares, a 15.7% increase, valued at $42.95 million.
WaterBridge Infrastructure LLC Stock Down 9.1%
As of Thursday, WBI shares were trading near $28.59. The company's market cap, P/E ratio, and other financial metrics are not available at this time.
$WBI stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at WaterBridge Infrastructure LLC
On June 22, 2026, Devon Energy Corp reported buying 1.75 million shares of WBI. Additionally, Waterbridge Resources LLC sold 5.89 million shares at $30.05 and bought 4.46 million shares on the same day.
Analysts Set New Price Targets
Goldman Sachs maintained its buy rating for WBI with a price target of $36 on May 29, 2026. Barclays also maintained a buy rating with a $33 target on May 21, 2026. Morgan Stanley kept its buy rating with a $38 target on May 20, 2026.
About WBI
WBI operates in the energy sector, focusing on providing innovative solutions in the oil and gas industry. The company is known for its advanced technologies and commitment to sustainable practices. Headquartered in the United States, WBI continues to expand its reach globally, aiming to enhance energy efficiency and reduce environmental impact through its operations.
Bottom Line
Devon Energy's purchase of 1.75 million shares of WBI highlights significant insider activity, which investors often watch closely. The move, alongside other institutional changes, reflects ongoing interest in WBI. Analyst ratings remain positive, with several firms maintaining buy ratings and setting high price targets. As always, these filings are backward-looking and may not represent current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.