Lineweaver Wealth Advisors LLC Buys New Shares in Devon Energy Corporation $DVN

Lineweaver Wealth Advisors LLC purchased a new stake in shares of Devon Energy Corporation (NYSE:DVN) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,231 shares of the energy company’s stock, valued at approximately $604,000.

Other hedge funds have also recently made changes to their positions in the company. TD Asset Management Inc increased its holdings in Devon Energy by 6.4% in the 2nd quarter. TD Asset Management Inc now owns 267,322 shares of the energy company’s stock valued at $8,504,000 after acquiring an additional 16,106 shares during the last quarter. Stephens Inc. AR grew its position in shares of Devon Energy by 90.4% during the second quarter. Stephens Inc. AR now owns 72,546 shares of the energy company’s stock valued at $2,308,000 after purchasing an additional 34,448 shares in the last quarter. Natixis grew its position in shares of Devon Energy by 101.4% during the second quarter. Natixis now owns 73,902 shares of the energy company’s stock valued at $2,351,000 after purchasing an additional 37,211 shares in the last quarter. Scott & Selber Inc. bought a new stake in shares of Devon Energy in the second quarter worth about $2,455,000. Finally, Kwmg LLC lifted its position in shares of Devon Energy by 10.2% in the second quarter. Kwmg LLC now owns 147,671 shares of the energy company’s stock worth $4,697,000 after buying an additional 13,616 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy Price Performance

Devon Energy stock opened at $35.87 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. Devon Energy Corporation has a 12-month low of $25.89 and a 12-month high of $38.88. The firm has a market capitalization of $22.50 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 2.72 and a beta of 0.62. The firm has a 50-day moving average price of $34.81 and a 200-day moving average price of $34.23.

Devon Energy (NYSE:DVN) last announced its earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.The business had revenue of $0.00 million during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. As a group, equities research analysts forecast that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be paid a $0.24 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. Devon Energy’s dividend payout ratio (DPR) is presently 22.59%.

Analyst Ratings Changes

DVN has been the topic of a number of research reports. Royal Bank Of Canada set a $42.00 price objective on Devon Energy and gave the stock a “sector perform” rating in a research note on Friday, October 10th. UBS Group raised shares of Devon Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $40.00 to $46.00 in a research note on Friday, December 12th. William Blair assumed coverage on shares of Devon Energy in a research report on Monday, August 25th. They set an “outperform” rating for the company. Wells Fargo & Company reduced their target price on shares of Devon Energy from $43.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, October 17th. Finally, Citigroup increased their price target on shares of Devon Energy from $43.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Devon Energy presently has a consensus rating of “Moderate Buy” and an average price target of $44.86.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Citigroup reiterated a Buy on Devon, reinforcing institutional confidence in the company’s cash-generation and capital-return profile; that vote of confidence likely supported the stock’s uptick. Article Title
• Positive Sentiment: Zacks Research raised near-term estimates: small upward revisions to Q4 2025 and Q1 2026 EPS and a slight lift to FY2025 forecast (now reflected in its model), signaling modestly improved short-term earnings momentum. Article Title
• Neutral Sentiment: Zacks also boosted Q1 2027 estimates (small increase), showing mixed adjustments across periods — near-term upgrades balanced by later-year revisions, so immediate impact is limited. Article Title
• Negative Sentiment: Offsetting the positives, Zacks trimmed several 2027 estimates (Q2 and Q3 cuts and a modest reduction to FY2027), which could weigh on longer-term earnings expectations and cap upside if the trend continues. Article Title

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.