FightingIrish33
Sep 30, 12:43 PM
$DVN DVN) closed its
$58 billion Coterra merger in May and posted net income of
$1.91 billion, its highest since 2022. It returned over
$1 billion in the last seven weeks of the quarter, lifted its quarterly dividend 33%, and kept
$7.8 billion of buyback authorization, while targeting at least
$1 billion of annual synergies by the end of 2027.
Raymond James (Strong Buy,
$67 from
$64), Hedge fund ownership of Devon Energy Corporation (NYSE:DVN) jumped to 82 funds from 58 at the end of the second quarter
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