King Luther Capital Management Corp Decreases Stake in Devon Energy Corporation $DVN

King Luther Capital Management Corp cut its position in Devon Energy Corporation (NYSE:DVN) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 487,915 shares of the energy company’s stock after selling 12,861 shares during the period. King Luther Capital Management Corp owned 0.08% of Devon Energy worth $17,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Caldwell Trust Co purchased a new position in Devon Energy in the second quarter valued at $25,000. PFS Partners LLC acquired a new position in Devon Energy in the third quarter valued at approximately $25,000. First Horizon Corp purchased a new position in Devon Energy in the third quarter valued at approximately $26,000. ORG Partners LLC lifted its position in shares of Devon Energy by 65.7% during the 3rd quarter. ORG Partners LLC now owns 888 shares of the energy company’s stock worth $31,000 after buying an additional 352 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Devon Energy in the 2nd quarter valued at $34,000. 69.72% of the stock is owned by hedge funds and other institutional investors.

Devon Energy Price Performance

Devon Energy stock opened at $44.69 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.87. The business has a 50 day simple moving average of $38.78 and a 200-day simple moving average of $36.03. Devon Energy Corporation has a 12 month low of $25.89 and a 12 month high of $46.15. The stock has a market capitalization of $28.04 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 4.04 and a beta of 0.61.

Devon Energy (NYSE:DVN) last announced its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The company had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the company posted $1.10 EPS. Devon Energy’s revenue was down 6.4% compared to the same quarter last year. Equities analysts predict that Devon Energy Corporation will post 4.85 earnings per share for the current year.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, March 13th. Devon Energy’s payout ratio is currently 23.02%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Johnson Rice cut their price target on shares of Devon Energy from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. TD Cowen raised Devon Energy to a “hold” rating in a report on Monday, February 9th. Sanford C. Bernstein dropped their price target on Devon Energy from $48.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Benchmark reaffirmed a “buy” rating on shares of Devon Energy in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Devon Energy from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.81.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Q4 results beat expectations — EPS came in roughly $0.82 and revenue/production topped estimates, with costs down; the result and accompanying commentary emphasized strong cash flow generation. Devon Q4 Earnings & Revenues Beat Estimates, Production Increases
• Positive Sentiment: All-stock merger with Coterra announced — management frames the deal as reshaping Devon’s shale scale and return profile, which could boost operational scale and free cash flow per share over time. Devon Energy Coterra All Stock Merger Reshapes Shale Scale And Returns
• Positive Sentiment: Dividend increased — company announced a meaningful raise to its dividend (reported ~31% to $0.315/share), supporting yield and shareholder return narrative. Income-focused investors will view this favorably. Devon Energy raises dividend by 31% to $0.315 per share
• Positive Sentiment: Analyst upgrade/price-target lift — Wolfe Research raised its price target to $58 and maintained an outperform rating, signaling upside potential from current levels. Wolfe Research adjusts price target on Devon Energy to $58 from $57, maintains outperform rating
• Positive Sentiment: Earnings call flagged a “cash-rich” outlook — management emphasized strong free-cash-flow potential and capital allocation flexibility (supports buybacks/dividends or M&A tailwinds). Devon Energy Earnings Call Flags Cash-Rich Future
• Neutral Sentiment: Analyst opinions remain mixed overall — while some firms rate DVN a buy, coverage shows varying views on valuation and the merger/strategy impact, so sentiment isn’t unanimous. Wall Street Analysts See Devon Energy (DVN) as a Buy: Should You Invest? Analysts Conflicted on These Energy Names: Devon Energy (DVN) and Select Energy Services (WTTR)
• Negative Sentiment: New AI/technology risk disclosure — Devon disclosed increased use of AI and emerging tech, flagging heightened regulatory, cybersecurity and performance risks that could create operational or compliance exposure. Devon Energy’s AI Push Brings Efficiency Hopes but Heightened Regulatory, Cybersecurity and Performance Risks

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.