Jim Cramer Is Talking About These 5 Stocks

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In this article, we discuss the 5 stocks that Jim Cramer is talking about. If you want to read about some more stocks that Jim Cramer is talking about, go directly to Jim Cramer Is Talking About These 10 Stocks

5. Devon Energy Corporation (NYSE:DVN)

Number of Hedge Fund Holders: 66      

Devon Energy Corporation (NYSE:DVN) is an independent oil and gas firm. Cramer has been consistently advising investors to take some defensive positions and then use these as a base to identify buying opportunities in a horrific market. He has identified Devon Energy, a stock that he has said he prefers over other oil firms like EOG Resources, as one of these defensive buys. He recently named the firm among a group of stocks that offer “healthy growth and dividend protection” in a volatile marketplace. 

On July 19, Truist analyst Neal Dingmann maintained a Buy rating on Devon Energy Corporation (NYSE:DVN) stock and raised the price target to $115 from $103, noting that the tailwind “breeze remains brisk” for oil firms. 

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm GQG Partners is a leading shareholder in Devon Energy Corporation (NYSE:DVN), with 15 million shares worth more than $888 million. 

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