Frank Rudolph, Executive Vice President of Human Resources at Devon Energy Corp (NYSE:DVN), sold 63,893 shares of Common Stock on Thursday. The sale was executed in four steps, directly, and the insider also exercised his use of non-qualified stock options (right to buy) for the transaction. Rudolph unloaded all 63,893 shares for a price of $78.00 per share. On Monday, the insider had already sold 15,400 shares of Common Stock for $77.49 per share, making this disposition the second of the month. Following the sale, Rudolph now owns a total of 26,234 company holdings.
In terms of hedge fund positions, this quarter showed positive developments, with several new shareholding positions and many hedge funds increasing Devon Energy Corp’s portfolio participation. International Values Advisers, the hedge fund run by Charles De Vaulx, for example, increased the firm’s portfolio activity by 1% and now holds over 6.4 million shares, with a value of $430.5 million, accounting for 10.34% of the overall portfolio.