Y Intercept Hong Kong increased its Devon Energy stake by 25.2% in Q3, now holding shares worth $9.8 million.

Y Intercept Hong Kong Ltd boosted its stake in Devon Energy (DVN) by 25.2% in Q3, now holding 280,247 shares valued at about $9.8 million. Devon reported strong Q3 earnings of $1.04 per share, beating estimates by $0.11, with a 15.56% net margin and 18.14% return on equity. The company paid a $0.24 quarterly dividend, yielding 2.5%, and maintains a low payout ratio of 22.59%. Analysts rate DVN a "Moderate Buy" with a $44.31 average price target, supported by upgrades from BofA and Investor’s Business Daily. The stock trades near its 52-week high of $39.19, with a market cap of $24.23 billion and a P/E ratio of 9.09.