BlackRock Amends Devon Energy Stake (SC 13G/A, Amendment 14)
Ticker: DVN · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1090012
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Devon Energy; watch for details on share count changes.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in its ownership of Devon Energy Corporation's common stock as of December 31, 2023. This filing, Amendment No. 14, updates BlackRock's passive investment stake in the crude petroleum and natural gas company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding Devon Energy, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated passive investment in Devon Energy, which can influence market perception and potentially impact the stock price due to the size and influence of BlackRock.
Risk Assessment
Risk Level: low — This is a routine amendment from a passive institutional investor, not indicating any immediate major risk.
Analyst Insight
Investors should monitor subsequent filings from BlackRock for any significant changes in their ownership percentage, as large shifts could indicate a change in their investment thesis for Devon Energy. For now, this is a routine update.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- DEVON ENERGY CORP/DE (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 14 (dollar_amount) — the specific amendment number to the previous filing
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in Devon Energy, reflecting its long-term investment strategy. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A (Amendment No. 14) filed by BlackRock Inc. regarding its ownership in DEVON ENERGY CORP/DE.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of DEVON ENERGY CORPORATION is 25179M103.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b).
What is the business address of the filer, BlackRock Inc.?
The business address for BlackRock Inc. is 50 HUDSON YARDS, NEW YORK, NY 10001.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding DEVON ENERGY CORP/DE (DVN).