Here’s What This Big Market Beater Has Been Buying and Selling: Allergan, Inc. (AGN) and Mueller Water Products, Inc. (MWA)

Devon Energy is an integrated energy concern, involved in exploration, production, and midstream operations. My colleague Joel South sees Devon as one of the best values in among its peers, with a strong balance sheet, to boot. Bears worry, though, about some transportation problems it has had and about possible margin pressure due to changes in gas prices. Its 1.5% dividend yield isn’t the most enticing, either.

Finally, Douglass Winthrop’s biggest closed positions were two exchange-traded funds, focusing on the Russell 2000 index and the Russell mid-cap growth index. Other closed positions of interest included Ford Motor Company (NYSE:F), which has been successfully restructuring in order to boost profitability. It has been posting solid results, but the auto industry does offer some tough competition. My colleague Daniel Miller has pointed out that Ford’s debt load isn’t as bad as it appears.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What This Big Market Beater Has Been Buying and Selling originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Ford. The Motley Fool recommends Enterprise Products Partners and Ford, and owns shares of Devon Energy and Ford.

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