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Dumont & Blake cuts stake in Devon Energy, yet the firm's stock gains analyst support with a $49.45 target.
Investment firm Dumont & Blake reduced its stake in Devon Energy by 13%, while other firms have increased their holdings.
The company's recent earnings report showed a beat with $1.10 EPS and $4.02 billion in revenue.
Analysts predict $4.70 EPS for the year, and the stock has an average "Moderate Buy" rating with a $49.45 target price.
Devon Energy, founded in 1971 and based in Oklahoma City, specializes in oil, natural gas, and natural gas liquids production across the U.S.
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Dumont & Blake reduce la participación en Devon Energy, sin embargo, las acciones de la firma ganan apoyo analista con un objetivo de $ 49.45.