Activist investor TOMS Capital urges Devon Energy to accelerate the pace of asset sales

格隆汇2026/06/18 06:31

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Glonghui, June 18 – According to informed sources, activist investor TOMS Capital Investment Management has acquired a large number of shares in Devon Energy and is urging the U.S. shale oil and gas operator to sell assets or consider a full company sale. In May, Devon Energy completed a $58 billion merger with Coterra Energy and is currently working on the post-merger company’s strategy. Its operations cover six shale basins, with a dominant presence in the Permian Basin in Texas and New Mexico.

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Precia disclosed 5,733,040 issued shares as of Aug. 31, 2026. Theoretical voting rights totaled 8,677,204. Exercisable voting rights stood at 8,350,574, reflecting 326,630 treasury shares without voting rights. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Precia SA published the original content used to generate this news brief on October 06, 2026, and is solely responsible for the information contained therein.

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