Sanctuary Advisors LLC Sells 73,838 Shares of Devon Energy Corporation $DVN

Sanctuary Advisors LLC lowered its stake in shares of Devon Energy Corporation (NYSE:DVN) by 21.9% in the fourth quarter, Holdings Channel reports. The firm owned 262,979 shares of the energy company’s stock after selling 73,838 shares during the period. Sanctuary Advisors LLC’s holdings in Devon Energy were worth $9,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Wedge Capital Management L L P NC acquired a new position in shares of Devon Energy during the fourth quarter worth approximately $9,931,000. Allianz Asset Management GmbH lifted its holdings in shares of Devon Energy by 4.3% during the third quarter. Allianz Asset Management GmbH now owns 833,155 shares of the energy company’s stock worth $29,210,000 after buying an additional 33,974 shares during the last quarter. Investors Research Corp lifted its holdings in shares of Devon Energy by 13,787.5% during the fourth quarter. Investors Research Corp now owns 27,775 shares of the energy company’s stock worth $1,017,000 after buying an additional 27,575 shares during the last quarter. Philip James Wealth Mangement LLC lifted its holdings in shares of Devon Energy by 43.8% during the fourth quarter. Philip James Wealth Mangement LLC now owns 161,368 shares of the energy company’s stock worth $5,911,000 after buying an additional 49,115 shares during the last quarter. Finally, Greatmark Investment Partners Inc. lifted its holdings in shares of Devon Energy by 5.6% during the third quarter. Greatmark Investment Partners Inc. now owns 571,925 shares of the energy company’s stock worth $20,052,000 after buying an additional 30,435 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DVN shares. Scotiabank upped their price target on Devon Energy from $41.00 to $46.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Sanford C. Bernstein upped their price target on Devon Energy from $42.00 to $59.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Capital One Financial cut their target price on Devon Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Roth Mkm restated a “buy” rating and issued a $57.00 target price on shares of Devon Energy in a research note on Tuesday. Finally, UBS Group cut their target price on Devon Energy from $61.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.85.

Devon Energy Stock Performance

Devon Energy stock opened at $49.47 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.90. The stock has a fifty day moving average price of $46.82 and a two-hundred day moving average price of $40.24. Devon Energy Corporation has a 52-week low of $29.70 and a 52-week high of $52.71. The firm has a market capitalization of $30.72 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.83 and a beta of 0.47.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period in the prior year, the company posted $1.10 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts anticipate that Devon Energy Corporation will post 5.18 EPS for the current fiscal year.

Devon Energy Dividend Announcement

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

Trending Headlines about Devon Energy

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

• Positive Sentiment: Oil-price tailwind, merger progress and earnings timing: Market commentary highlights firmer crude (Strait of Hormuz shipping concerns) boosting E&P sentiment, the expiration of the HSR waiting period for the Coterra merger (keeping a Q2 close on track) and investor positioning ahead of Devon’s May earnings as primary near-term bullish catalysts. QuiverQuant: Devon Energy rises as oil prices firm
• Positive Sentiment: Earnings beat setup: Zacks identifies factors that increase the likelihood Devon will beat upcoming estimates (earnings-estimate momentum and street expectations), which can trigger short-term buying into the report window. Zacks: DVN expected to beat earnings
• Positive Sentiment: Activist engagement could prompt value actions after the merger: Kimmeridge released an open letter urging the post?merger board to pursue asset sales, tighten capital allocation and overhaul executive pay — moves that, if implemented, can unlock shareholder value. Reuters: Kimmeridge urges Devon to pursue asset sales
• Positive Sentiment: Street estimate revisions: Scotiabank materially raised FY2026/FY2027 EPS forecasts for Devon (large lift to prior figures), signaling more optimistic earnings potential that could support multiple expansion if sustained. MarketBeat: Scotiabank revises estimates for DVN
• Neutral Sentiment: Coverage and sentiment summaries: Multiple outlets reported the stock’s intraday advance versus a weaker market — useful confirmation but largely descriptive rather than new fundamental news. Yahoo: Devon Energy advances
• Neutral Sentiment: Analyst & institutional picture is mixed: Recent data show heavy institutional trading activity, several buy/outperform ratings and a median analyst target near the low-50s — a mixed signal that could produce volatility as different investors react. QuiverQuant: Analyst ratings & institutional moves
• Negative Sentiment: Price-target/coverage caution: Despite higher EPS estimates, Scotiabank retains a “Sector Perform” rating with a $46 target that sits below recent trading levels — a potential headwind if other sell-side firms echo conservative targets. MarketBeat: Scotiabank rating & price target

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.