5 Best Natural Gas Stocks to Buy Now

4. Devon Energy Corporation (NYSE: DVN)

No of HFs: 45

Total Value of HF Holdings: $709 Million

Devon Energy Corporation is primarily engaged in the exploration of oil and gas. In December 2020, the company declared a cash dividend of $0.11 per share on DVN’s common stock for the first quarter of 2021. Shares of DVN jumped 38.25% over the last twelve months.

As of the end of the fourth quarter, 45 hedge funds in Insider Monkey’s database of 887 funds held stakes in Devon Energy Corporation, compared to 44 in the third quarter. Ken Griffin’s Citadel Investment Group is the biggest stakeholder in the company, with 5.7 million shares, worth $90 million invested in the stock at the end of December. An insider purchased 10,000 shares at $9 in March 2020. The stock is up 144% since then.