Billionaire Lee Cooperman’s 5 Stock Picks with Huge Upside Potential

3. Devon Energy Corporation (NYSE:DVN)

Cooperman’s Stake Value: $109.705 million

Average analyst price target: $56.47

Average analyst price target upside: 25.02%

Devon Energy Corporation (NYSE:DVN) is an energy company that explores, develops, and produces oil, natural gas, and natural gas liquids (NGLs).

On November 27, Stifel decreased the price target on Devon Energy Corporation (NYSE:DVN)’s stock to $77 from $79 and maintained a Buy rating on the shares.

In the third quarter, the number of hedge funds with stakes in Devon Energy Corporation (NYSE:DVN)’s increased to 52 from 45 in the second quarter. With 3.044 million shares worth $145.209 million, Yacktman Asset Management was the most prominent shareholder of the company. In addition, Israel Englander’s Millennium Management was the second biggest stakeholder in Q3 and increased its investment in Devon Energy Corporation (NYSE:DVN) by 116% to 2.97 million shares worth $141.829 million.

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