Mcguire Capital Advisors Inc. Makes New Investment in Devon Energy Corporation $DVN

Mcguire Capital Advisors Inc. acquired a new position in shares of Devon Energy Corporation (NYSE:DVN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,326 shares of the energy company’s stock, valued at approximately $745,000.

Several other institutional investors and hedge funds also recently modified their holdings of DVN. TD Private Client Wealth LLC raised its holdings in shares of Devon Energy by 3.4% during the 4th quarter. TD Private Client Wealth LLC now owns 7,152 shares of the energy company’s stock valued at $262,000 after buying an additional 236 shares during the period. Catalyst Financial Partners LLC boosted its holdings in Devon Energy by 3.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,712 shares of the energy company’s stock worth $246,000 after acquiring an additional 254 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in Devon Energy by 21.0% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,480 shares of the energy company’s stock valued at $54,000 after acquiring an additional 257 shares in the last quarter. Zions Bancorporation National Association UT grew its position in Devon Energy by 7.9% in the fourth quarter. Zions Bancorporation National Association UT now owns 3,527 shares of the energy company’s stock valued at $129,000 after acquiring an additional 258 shares in the last quarter. Finally, Michels Family Financial LLC raised its stake in shares of Devon Energy by 2.5% during the fourth quarter. Michels Family Financial LLC now owns 11,098 shares of the energy company’s stock valued at $407,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Susquehanna boosted their target price on shares of Devon Energy from $52.00 to $57.00 and gave the stock a “positive” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada lifted their price target on shares of Devon Energy from $46.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. Barclays boosted their price objective on shares of Devon Energy from $54.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Morgan Stanley upped their price objective on shares of Devon Energy from $59.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, Raymond James Financial lowered their target price on Devon Energy from $72.00 to $66.00 and set a “strong-buy” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Devon Energy presently has a consensus rating of “Moderate Buy” and an average target price of $58.44.

Insider Activity at Devon Energy

In other news, SVP Adam M. Vela sold 24,342 shares of Devon Energy stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $47.21, for a total value of $1,149,185.82. Following the completion of the transaction, the senior vice president owned 130,540 shares in the company, valued at approximately $6,162,793.40. This trade represents a 15.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrea Alexander sold 18,000 shares of Devon Energy stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $46.74, for a total transaction of $841,320.00. Following the completion of the transaction, the senior vice president directly owned 138,529 shares of the company’s stock, valued at approximately $6,474,845.46. This represents a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 112,371 shares of company stock valued at $5,258,059 over the last three months. 4.58% of the stock is owned by insiders.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Several recent articles highlight Devon’s diversified multi-basin shale portfolio, disciplined capital allocation, and resilient cash flow, which could support long-term production growth and continued shareholder returns through dividends and buybacks. Can Devon’s Multi-Basin Assets Sustain Growth for Years to Come?
• Positive Sentiment: Devon’s newly outlined 2026 production roadmap after the Coterra merger emphasizes high-return assets, especially the Permian Basin, while reaffirming its focus on shareholder returns. Devon’s Multi-Basin Assets Sustain Growth for Years to Come?
• Neutral Sentiment: Devon said CEO Clay Gaspar will participate in a J.P. Morgan energy conference next week, which could provide additional commentary but is not a material event by itself. Devon Energy CEO Clay Gaspar to Participate in a Fireside Chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference
• Neutral Sentiment: Market commentary continues to discuss Devon’s valuation and sensitivity to oil prices, but these pieces are largely analytical rather than company-specific catalysts. Devon Energy: Lower Oil, Higher Earnings, Shares Near Key Support
• Negative Sentiment: TOMS Capital has reportedly built a major stake in Devon Energy (DVN) and is pushing for faster asset sales or even a sale of the company, adding uncertainty around strategy and future corporate actions. Activist TOMS Capital pushes US shale producer Devon to quicken asset sales or sell itself, sources say
• Negative Sentiment: Another report said Devon is facing increased activist pressure after its merger with Coterra, which may be contributing to the stock’s weakness as investors assess potential disruption. Devon Energy Under Pressure as Activist Investor Toms Capital Builds Major Stake

Devon Energy Stock Performance

Devon Energy stock opened at $42.21 on Friday. Devon Energy Corporation has a 52 week low of $31.45 and a 52 week high of $52.71. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market cap of $26.23 billion, a P/E ratio of 11.76 and a beta of 0.37. The stock has a 50 day moving average of $46.49 and a 200-day moving average of $43.32.

Devon Energy (NYSE:DVN) last posted its quarterly earnings results on Tuesday, May 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.02). Devon Energy had a net margin of 13.71% and a return on equity of 15.22%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the company earned $0.82 earnings per share. The company’s revenue was down 14.5% on a year-over-year basis. On average, analysts expect that Devon Energy Corporation will post 4.97 EPS for the current fiscal year.

Devon Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. This is a positive change from Devon Energy’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 15th. Devon Energy’s payout ratio is 35.65%.

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.