Devon Energy (DVN): Among Billionaire Ken Griffin’s Midcap Stock Picks with Huge Upside Potential

Jabran Kundi

Tue, May 13, 2025, 12:57 PM 4 min read

We precocious published a database of Billionaire Ken Griffin’s 10 Midcap Stock Picks with Huge Upside Potential. In this article, we are going to instrumentality a look astatine wherever Devon Energy Corporation (NYSE:DVN) stands against Billionaire Ken Griffin’s different midcap banal picks with immense upside potential.

Ken Griffin, the laminitis of Citadel, is an influential albeit arguable fig successful the concern industry. Ken Griffin tasted aboriginal occurrence portion trading during his assemblage days, and it is harmless to accidental that helium has ne'er looked backmost since. Despite immense setbacks during the fiscal situation of 2008, helium utilized his skills and determination to marque a comeback wherever galore others would person simply closed the money and moved on.

The billionaire capitalist presently manages assets worthy astir $65 cardinal crossed his funds. Owing to its ample size and way grounds of success, Ken Griffin’s banal moves often marque it to the quality and are intimately followed by investors. We decided to bash the same, focusing connected Mid-cap stocks that inactive had the imaginable to crook into established giants tomorrow.

To travel up with the database of billionaire Ken Griffin’s 10 midcap banal picks with immense upside potential, we looked astatine his latest 13F holdings and, among his important holdings, lone considered stocks betwixt $10 cardinal and $40 cardinal successful marketplace cap. We past looked astatine the mean expert terms people connected Wall Street and ranked the stocks according to their upside potential.

Why are we funny successful the stocks that hedge funds heap into? The crushed is simple: our probe has shown that we tin outperform the marketplace by imitating the apical banal picks of the champion hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks each 4th and has returned 373.4% since May 2014, beating its benchmark by 218 percent points (see much details here).

A radical of technicians successful hazmat suits inspecting a earthy state retention tank.

Stock Upside Potential:   33.59%

Citadel Investment Group’s Stake: $367,530,374

Devon Energy Corporation (NYSE:DVN) operates arsenic an autarkic vigor company. It focuses connected the development, exploration, and accumulation of earthy gas, oil, and earthy state liquids. The company’s stock terms has been declining since precocious 2022, but the concern continues to execute strongly, making it an charismatic investment.

Devon Energy (NYSE:DVN) ended 2024 successful a beardown position. The institution generated $738 cardinal successful escaped currency flows, $444 cardinal of which was returned to shareholders. Out of the $444 million, it allocated $300 cardinal for stock buybacks. Aided by the integration of Grayson Mill assets and Eagle Ford good productivity, DNV’s lipid accumulation besides acceptable a caller grounds of 398,000 barrels per day.