Corient Private Wealth LP Raises Holdings in Devon Energy Corporation $DVN

Corient Private Wealth LP significantly increased its stake in Devon Energy Corporation (DVN) by 62.1% in the second quarter, now owning 214,019 shares valued at $8.84 million. Other major institutional investors like BlackRock Inc. and Wellington Management Group LLP also substantially boosted their holdings in DVN. The article highlights positive factors such as strong quarterly results, a proposed Permian pipeline, and a consistent dividend, despite risks from oil-price volatility.