10% Owner Devon Energy Sells $52.7M in WaterBridge Infrastructure Shares
WBI sits 52% above its 52-week low of $18.64 on elevated volume (1.9× avg).
Summary
A 10% owner, Devon Energy, sold over $52 million worth of WaterBridge Infrastructure shares in an open market transaction, continuing a trend of significant insider sales.
Key Events · Ownership and Investor Activity · WBI
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Significant Insider Sale
Devon Energy, a 10% owner through its subsidiary Devon WB Holdco L.L.C., sold 1,755,174 Class A shares of WaterBridge Infrastructure for $52,742,979.
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Part of Broader Distribution
This sale follows several other large insider sales and Form 144 filings by 10% owners in recent days, indicating a pattern of distribution.
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Transaction Details
The shares were sold at a price of $30.05 per share on June 22, 2026.
Analysis · WBI · Energy & Transportation
Devon Energy, through its subsidiary Devon WB Holdco L.L.C., executed a significant open market sale of WaterBridge Infrastructure Class A shares. This transaction, valued at over $52 million, represents a substantial reduction in holdings by a major institutional investor and contributes to a broader pattern of insider selling observed recently.
How filings like this one have moved
In the 30 days to Sep 20, 2026, 29.3% of the 1581 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.42%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WBI was trading at $28.31 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.5B. The 52-week trading range was $18.64 to $36.21. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.