Oakmont Investment Advisors Inc. Buys New Stake in Devon Energy Corporation $DVN

Oakmont Investment Advisors Inc. purchased a new stake in Devon Energy Corporation (NYSE:DVN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,475 shares of the energy company’s stock, valued at approximately $722,000.

A number of other institutional investors also recently bought and sold shares of the business. Strive Financial Group LLC increased its holdings in shares of Devon Energy by 166.8% in the 2nd quarter. Strive Financial Group LLC now owns 1,014 shares of the energy company’s stock valued at $42,000 after acquiring an additional 634 shares during the last quarter. Sapient Capital LLC lifted its stake in Devon Energy by 109.3% during the second quarter. Sapient Capital LLC now owns 41,489 shares of the energy company’s stock worth $1,714,000 after purchasing an additional 21,668 shares during the last quarter. Knollwood Investment Advisory LLC increased its stake in Devon Energy by 94.6% in the second quarter. Knollwood Investment Advisory LLC now owns 20,041 shares of the energy company’s stock valued at $828,000 after purchasing an additional 9,741 shares during the last quarter. Syon Capital LLC boosted its holdings in shares of Devon Energy by 12.3% in the 2nd quarter. Syon Capital LLC now owns 22,271 shares of the energy company’s stock valued at $920,000 after buying an additional 2,444 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Devon Energy by 3.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 16,267 shares of the energy company’s stock valued at $655,000 after buying an additional 504 shares in the last quarter. 69.72% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Seaport Global upgraded Devon to Buy, citing the company’s strong second-quarter 2026 results and continued operating potential. The company reported adjusted EPS of $1.57, above the $1.40 consensus estimate, while revenue of $7.42 billion significantly exceeded expectations and rose 73.1% year over year. Devon Energy stock gains on Seaport Global buy rating and strong Q2 2026 earnings
• Positive Sentiment: Options activity signals increased bullish interest. Traders purchased 47,557 Devon call options, approximately 21% above typical call volume. While options activity is not a fundamental indicator, the elevated call buying may support near-term momentum and suggests some traders are positioning for further gains.
• Positive Sentiment: Goldman Sachs continues to view Devon as an attractive energy dividend opportunity. Goldman highlighted Devon alongside other energy dividend stocks that may still offer upside despite the sector’s strong rally. Brent crude above $95 per barrel and continued strength in the energy sector provide a supportive backdrop for Devon’s oil and gas earnings and shareholder returns. Goldman’s Energy Dividend Picks: Why Devon and HF Sinclair Still Offer Upside
• Neutral Sentiment: Post-earnings momentum remains a focus for investors. Devon is up 16.5% since its latest earnings release, prompting analysis of whether earnings estimates can support additional gains. Its relatively low valuation, including a price-to-earnings ratio near 11, supports the value case, but the stock’s proximity to its 12-month high may limit immediate upside. Devon Energy up 16.5% since last earnings report

Insider Buying and Selling at Devon Energy

In other news, SVP Andrea Alexander sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $46.74, for a total value of $841,320.00. Following the transaction, the senior vice president owned 138,529 shares of the company’s stock, valued at approximately $6,474,845.46. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.58% of the company’s stock.

Devon Energy Trading Down 1.5%

NYSE DVN opened at $48.08 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72. The firm has a market cap of $52.89 billion, a PE ratio of 11.42, a P/E/G ratio of 1.33 and a beta of 0.37. Devon Energy Corporation has a one year low of $31.47 and a one year high of $52.71. The firm’s fifty day moving average is $44.79 and its two-hundred day moving average is $45.78.

Devon Energy (NYSE:DVN) last announced its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.17. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The business had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 73.1% compared to the same quarter last year. Analysts expect that Devon Energy Corporation will post 5.24 earnings per share for the current year.

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Devon Energy’s dividend payout ratio (DPR) is 30.40%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DVN. Zacks Research lowered shares of Devon Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Jefferies Financial Group upped their price objective on shares of Devon Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Weiss Ratings lowered Devon Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Wolfe Research set a $67.00 target price on Devon Energy and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Finally, UBS Group decreased their target price on Devon Energy from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Devon Energy presently has a consensus rating of “Moderate Buy” and an average target price of $59.23.

About Devon Energy

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.