29 Percent of Billionaire Cooperman’s Portfolio is Invested in These 5 Dividend Stocks

4. Devon Energy Corporation (NYSE:DVN)

Number of Q4 2023 Hedge Fund Shareholders: 50

Cooperman’s Q4 2023 Stake: $99 million

Annual Dividend Yield: 6.69%

Devon Energy Corporation (NYSE:DVN) is an American oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The firm has been doing well on the financial front as of late since it has beaten analyst EPS estimates in all four of its latest quarters.

Insider Monkey dug through 933 hedge fund portfolios for their December quarter of 2023 shareholdings and found that 50 had held a stake in the company. Devon Energy Corporation (NYSE:DVN)’s largest hedge fund investor is D. E. Shaw’s D E Shaw due to its $230 million investment.

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