Varma Mutual Pension Insurance Co Has $12.64 Million Position in Devon Energy Corporation $DVN

Varma Mutual Pension Insurance Co reduced its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 345,070 shares of the energy company’s stock after selling 16,400 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Devon Energy were worth $12,640,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wedge Capital Management L L P NC purchased a new stake in Devon Energy during the fourth quarter valued at about $9,931,000. Allianz Asset Management GmbH boosted its position in Devon Energy by 4.3% during the third quarter. Allianz Asset Management GmbH now owns 833,155 shares of the energy company’s stock valued at $29,210,000 after buying an additional 33,974 shares during the period. Investors Research Corp boosted its position in Devon Energy by 13,787.5% during the fourth quarter. Investors Research Corp now owns 27,775 shares of the energy company’s stock valued at $1,017,000 after buying an additional 27,575 shares during the period. Philip James Wealth Mangement LLC boosted its position in 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 valued at $5,911,000 after buying an additional 49,115 shares during the period. Finally, Greatmark Investment Partners Inc. boosted its position in Devon Energy by 5.6% during the third quarter. Greatmark Investment Partners Inc. now owns 571,925 shares of the energy company’s stock valued at $20,052,000 after buying an additional 30,435 shares during the period. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Shareholders of both companies approved the all‑stock merger; the companies expect the deal to close on or around May 7, 2026, clearing the final governance hurdles and unlocking planned scale/synergies that investors typically view favorably. Devon Energy and Coterra Energy Shareholders Approve Merger
• Positive Sentiment: Market coverage highlights Devon among a small group of E&P names likely to beat Q1 estimates thanks to favorable commodity prices — a narrative that can lift sentiment into earnings. 3 Energy Stocks Poised to Outshine Earnings Estimates in Q1
• Positive Sentiment: Broker consensus remains constructive: Devon carries a “Moderate Buy” consensus from brokerages, supporting the buy-side view as the merger and earnings narratives converge. Devon Energy Corporation Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: An earnings preview outlines expected Q1 figures (revenue and EPS guidance) and flags offsets such as hedges, NGL contract shifts and a weather-related production dip — factors that could mute upside if results miss or commodity moves reverse. Devon Energy Gears Up to Report Q1 Earnings: Here’s What to Expect

Analysts Set New Price Targets

DVN has been the subject of several analyst reports. BMO Capital Markets upped their price target on shares of Devon Energy from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Jefferies Financial Group upped their price objective on shares of Devon Energy from $44.00 to $53.00 and gave the company a “hold” rating in a research note on Monday, April 13th. Piper Sandler upped their price objective on shares of Devon Energy from $59.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Royal Bank Of Canada upped their price objective on shares of Devon Energy from $46.00 to $59.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 8th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $57.00 price objective on shares of Devon Energy in a research note on Tuesday, April 28th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Devon Energy has a consensus rating of “Moderate Buy” and an average target price of $55.59.

Devon Energy Trading Up 1.5%

DVN opened at $51.30 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. Devon Energy Corporation has a 52 week low of $29.70 and a 52 week high of $52.71. The stock has a market cap of $31.86 billion, a PE ratio of 12.30, a PEG ratio of 0.77 and a beta of 0.43. The business has a 50 day moving average of $47.09 and a 200-day moving average of $40.50.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results 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 company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 earnings per share. Equities research analysts predict that Devon Energy Corporation will post 5.66 earnings per share 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 given a $0.24 dividend. The ex-dividend date of this dividend 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 is currently 23.02%.

Devon Energy 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.