SCHEDULE 13G/A: Vanguard Group Amends Stake in Devon Energy, Reports 12.75% Beneficial Ownership

The Vanguard Group has filed an Amendment No. 11 to its Schedule 13G, disclosing a 12.75% beneficial ownership stake in Devon Energy Corp as of March 31, 2025.

Summary

• The Vanguard Group, an investment adviser, reported beneficial ownership of 82,780,446 shares of Common Stock in Devon Energy Corp.
• This represents 12.75% of the class of securities.
• Vanguard holds sole dispositive power over 79,756,763 shares and shared dispositive power over 3,023,683 shares.
• Vanguard has shared voting power over 779,264 shares and no sole voting power.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing disclosing beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or prospects.

Future Outlook

NA

Industry Context

This filing reflects a routine disclosure by a major institutional investor in the energy sector, specifically regarding its passive stake in Devon Energy Corp, a prominent player in oil and natural gas exploration and production.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holding, which can offer some stability and confidence, but does not directly impact operational or financial performance.

Key Dates

Keywords

Devon Energy Corp, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Energy Sector