BlackRock reports 7.9% stake in Devon Energy
BlackRock, Inc. has filed an amended Schedule 13G reporting beneficial ownership of 49,513,335 shares of Devon Energy Corporation common stock, representing 7.9% of the class as of the reporting date.
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Rhea-AI Filing Summary
BlackRock, Inc. has filed an amended Schedule 13G reporting beneficial ownership of 49,513,335 shares of Devon Energy Corporation common stock, representing 7.9% of the class as of the reporting date. BlackRock reports sole power to vote 47,344,091 shares and sole power to dispose of 49,513,335 shares, with no shared voting or dispositive power.
The filing explains that these holdings are attributed to certain BlackRock business units and do not include securities held by other disaggregated units. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of Devon’s outstanding common stock. BlackRock certifies that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Devon Energy.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Devon Energy (DVN) does BlackRock beneficially own?
Does any single BlackRock client own more than 5% of Devon Energy (DVN)?
Is BlackRock seeking to influence control of Devon Energy (DVN) with this stake?
AI-generated analysis. How Rhea-AI works. Not financial advice.