First Trust Advisors LP Has $51.79 Million Stock Position in Devon Energy Corporation $DVN

First Trust Advisors LP increased its holdings in Devon Energy Corporation ($DVN) by 4.9% in the third quarter, now owning 1,477,037 shares valued at $51.79 million. Institutional investors and hedge funds collectively own 69.72% of Devon Energy’s stock. Analysts have given Devon Energy a “Moderate Buy” consensus rating with an average target price of $48.54.