![]() Occidental Petroleum (NYSE: OXY) is a unique energy company, in that it has Warren Buffett as a key shareholder. Therefore, this strong buying activity ought to have retail investors intrigued at this current juncture. increased their interests in this energy player. Furthermore, the Canada Pension Plan Investment Board and Sei Investments Co. and AlphaCrest Capital Management LLC shifted into DVN stock. Other hedge funds, like Blair William & Co. The fund had $738,00 worth of 15,508 shares. ![]() Recent Securities and Exchange Commission ( SEC) filing shows that Acadian Asset Management LLC boosted its ownership of Devon Energy by 66.9% in Q3. This sort of relative discount has invited a number of institutional investors to the party. Specifically, DVN focuses on investing in Delaware assets and core operations, even with shares trailing behind its peers. Devon Energy is set on improving its capital efficiency. It will be even higher than expected at 640-660 MBOE/d (thousand barrels of oil equivalent per day), with capital expenditures coming in at $870-$930 million. The company is now targeting further production growth in Q4. Despite a 43% decline in free cash flow because of declining natural gas prices, DVN’s earnings blew past estimates in Q3. oil and gas producer Devon Energy (NYSE: DVN) is actively considering buying Enerplus (NYSE: ERF) for $3 billion. For those who remain more bullish than bearish on black gold, here are three slick oil and gas stocks to consider to fuel up your portfolio. That said, in early 2024, supply disruptions and ongoing geopolitical threats might sustain oil prices. Recent declines in oil prices appear to be due to technical factors.
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