Composition Wealth LLC Purchases Shares of 11,260 Devon Energy Corporation $DVN

Composition Wealth LLC purchased a new stake in shares of Devon Energy Corporation (NYSE:DVN) during the 4th quarter, Holdings Channel.com reports. The fund purchased 11,260 shares of the energy company’s stock, valued at approximately $412,000.

Other large investors have also added to or reduced their stakes in the company. First Horizon Corp purchased a new position in Devon Energy during the third quarter valued at approximately $26,000. Accredited Wealth Management LLC lifted its holdings in Devon Energy by 61.6% during the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock valued at $28,000 after purchasing an additional 308 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in Devon Energy by 702.0% during the third quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock valued at $28,000 after purchasing an additional 702 shares in the last quarter. ORG Partners LLC lifted its holdings in Devon Energy by 65.7% during the third quarter. ORG Partners LLC now owns 888 shares of the energy company’s stock valued at $31,000 after purchasing an additional 352 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Devon Energy during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Trending Headlines about Devon Energy

Here are the key news stories impacting Devon Energy this week:

• Positive Sentiment: Shareholders of both Devon and Coterra approved the all-stock merger; the deal is expected to close around May 7, 2026, which should expand Devon’s scale and asset base. Devon Energy and Coterra Energy Shareholders Approve Merger
• Positive Sentiment: Raymond James upgraded DVN to “Strong Buy,” highlighting strong free cash?flow generation, strategic flexibility, and potential to close valuation gaps with peers — a bullish analyst catalyst that can support the shares over time. Raymond James upgrades Devon Energy to ‘Strong Buy’
• Neutral Sentiment: Devon released its Q1 results and provided Q2 outlook materials and a slide deck; investors will be watching the conference call and guidance details for clarity on production, hedges and cash?flow assumptions. Devon Energy Reports First-Quarter 2026 Results
• Neutral Sentiment: Some outlets note Devon’s valuation and value?stock characteristics, keeping it on radar screens for value investors even amid mixed near?term results. Here’s Why Devon Energy (DVN) is a Strong Value Stock
• Negative Sentiment: Q1 reported EPS was $1.04 — roughly in line with some estimates but cited as a slight miss of the broader consensus (~$1.06). That mixed beat/miss dynamic reduced positive momentum. Devon Energy misses first-quarter profit estimates on production slide
• Negative Sentiment: Revenue came in at ~$3.81B versus analyst expectations near ~$4.3B, and the company reported a production slide and revenue down ~14.5% year?over?year — the revenue and production misses are the main near?term negative catalysts. Devon Energy beats Q1 earnings estimates, but misses on revenue
• Negative Sentiment: Multiple outlets reported shares slipped after the quarter, reflecting investor focus on the revenue shortfall and operational weakness despite the merger and upgrade. Devon Energy misses earnings and revenue estimates; shares slip

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DVN. Jefferies Financial Group lifted their price target on shares of Devon Energy from $44.00 to $53.00 and gave the company a “hold” rating in a report on Monday, April 13th. Scotiabank lifted their price target on shares of Devon Energy from $41.00 to $46.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Zacks Research raised shares of Devon Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Piper Sandler boosted their target price on shares of Devon Energy from $59.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Finally, Capital One Financial lowered their target price on shares of Devon Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.59.

Devon Energy Price Performance

DVN stock opened at $50.95 on Wednesday. Devon Energy Corporation has a one year low of $29.70 and a one year high of $52.71. The company’s fifty day moving average price is $47.22 and its 200-day moving average price is $40.63. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.98. The company has a market capitalization of $31.64 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.78 and a beta of 0.43.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, May 5th. The energy company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the firm posted $0.82 EPS. Devon Energy’s quarterly revenue was down 14.5% compared to the same quarter last year. On average, equities analysts anticipate that Devon Energy Corporation will post 5.66 EPS for the current fiscal year.

Devon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, March 13th. Devon Energy’s payout ratio is currently 23.02%.

Devon Energy Company Profile

Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.

Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow.