Devon Energy Corporation $DVN Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in Devon Energy Corporation (NYSE:DVN) by 0.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 81,484,123 shares of the energy company’s stock after selling 280,684 shares during the period. Vanguard Group Inc. owned 0.13% of Devon Energy worth $2,984,763,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Corp acquired a new stake in Devon Energy in the 3rd quarter valued at about $26,000. Accredited Wealth Management LLC grew its stake in Devon Energy by 61.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock valued at $28,000 after acquiring an additional 308 shares during the last quarter. Ameriflex Group Inc. grew its stake in Devon Energy by 702.0% in the 3rd quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock valued at $28,000 after acquiring an additional 702 shares during the last quarter. ORG Partners LLC grew its stake in Devon Energy by 65.7% in the 3rd quarter. ORG Partners LLC now owns 888 shares of the energy company’s stock valued at $31,000 after acquiring an additional 352 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in Devon Energy in the 3rd quarter valued at about $31,000. 69.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DVN has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Devon Energy from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Sanford C. Bernstein raised their price target on shares of Devon Energy from $42.00 to $59.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Benchmark reaffirmed a “buy” rating on shares of Devon Energy in a research note on Friday, January 16th. Roth Mkm reaffirmed a “buy” rating and set a $57.00 price target on shares of Devon Energy in a research note on Tuesday. Finally, Zacks Research raised shares of Devon Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.85.

Devon Energy Trading Up 2.6%

Shares of DVN stock opened at $49.47 on Wednesday. The firm has a market cap of $30.72 billion, a P/E ratio of 11.86, a PEG ratio of 0.83 and a beta of 0.47. Devon Energy Corporation has a 1-year low of $29.70 and a 1-year high of $52.71. 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 firm’s 50-day simple moving average is $46.82 and its 200-day simple moving average is $40.24.

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

Devon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, March 13th. Devon Energy’s dividend payout ratio is presently 23.02%.

Key Devon Energy News

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

• Positive Sentiment: Zacks added DVN to its Zacks Rank #1 (Strong Buy) list and to its Strong Buy value list, which can attract momentum and value-focused flows. New Strong Buy Stocks for April 29th Best Value Stocks to Buy for April 29th
• Positive Sentiment: Oil prices firmed on Middle East/shipping risk, lifting E&P names; that commodity tailwind is supporting DVN’s gains. Devon Energy rises as oil prices firm
• Positive Sentiment: Merger progress: Devon cleared a key HSR waiting-period milestone for the all-stock Coterra deal, keeping a Q2 close on track — a major corporate catalyst that can create value through scale and synergies. Devon Energy rises as oil prices firm
• Positive Sentiment: Zacks preview notes Devon looks positioned to beat upcoming earnings — that prospect and positioning ahead of the May 5 report are drawing investor interest. Devon Energy Expected to Beat Earnings Estimates
• Neutral Sentiment: Kimmeridge (an energy-focused investor) issued an open letter urging the post-merger board to pursue asset sales, improve capital allocation and revamp pay — this can push for shareholder-friendly moves but adds governance-driven uncertainty. Investor Kimmeridge urges Devon to pursue asset sales “Time for Action” PR Newswire
• Neutral Sentiment: Scotiabank sharply raised FY2026–FY2027 EPS forecasts (big upward EPS revisions), which supports fundamentals, but it kept a “Sector Perform” rating and a $46 price target — a mixed signal for investors. Scotiabank raises estimates / MarketBeat
• Negative Sentiment: Large institutional rebalancing: some big managers (e.g., UBS) materially reduced holdings in Q4 2025 — big sell blocks or rotation by institutions can weigh on shares if continued. Quiver Quantitative institutional moves

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.