StoneRidge PMG Advisors LLC Makes New Investment in Devon Energy Corporation $DVN

StoneRidge PMG Advisors LLC bought a new stake in shares of Devon Energy Corporation (NYSE:DVN) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 18,921 shares of the energy company’s stock, valued at approximately $871,000.

Other hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its position in Devon Energy by 119.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 576 shares of the energy company’s stock worth $27,000 after purchasing an additional 313 shares during the last quarter. Premier Financial Group bought a new position in shares of Devon Energy during the 2nd quarter worth about $25,000. JFS Wealth Advisors LLC increased its holdings in shares of Devon Energy by 56.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company’s stock worth $28,000 after purchasing an additional 245 shares during the period. Parvin Asset Management LLC acquired a new position in shares of Devon Energy during the second quarter valued at about $28,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Devon Energy during the second quarter valued at about $29,000. 69.72% of the stock is owned by institutional investors.

Insider Transactions at Devon Energy

In other news, CEO Clay Gaspar bought 3,913 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average price of $51.08 per share, for a total transaction of $199,876.04. Following the transaction, the chief executive officer directly owned 619,152 shares of the company’s stock, valued at $31,626,284.16. This trade represents a 0.64% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of Devon Energy stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $50.95, for a total transaction of $344,218.20. Following the transaction, the executive vice president directly owned 72,720 shares of the company’s stock, valued at $3,705,084. This represents a 8.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.58% of the company’s stock.

Devon Energy News Roundup

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

• Positive Sentiment: Devon reported Q3 adjusted earnings of $1.42 per share, ahead of analyst expectations. Production benefited from the Coterra merger, and the company generated about $2 billion in free cash flow. Management also raised expected merger synergies and plans to accelerate share repurchases. Devon Energy Posts $2 Billion in Free Cash Flow as Buybacks Accelerate
• Positive Sentiment: Devon declared a quarterly dividend of $0.32 per share, payable December 30 to shareholders of record December 15. Devon Energy Reports Third-Quarter 2026 Results
• Neutral Sentiment: Unusually high call-option activity suggests some traders are positioning for potential gains, but options volume alone does not establish the direction of future shares.
• Neutral Sentiment: Barclays lowered its price target to $57 from $60 but kept an Overweight rating, leaving the analyst’s view positive while trimming its valuation outlook.
• Negative Sentiment: Despite the earnings beat and strong year-over-year growth, Q3 revenue missed some analyst estimates—an offset to the production and cash-flow positives. Devon Q3 Earnings Outpace Estimates on Higher Output, Revenues Miss
• Negative Sentiment: Activist investor TOMS Capital renewed calls for a strategic transaction, saying it was disappointed by Devon’s decision against an asset sale while expressing willingness to engage with interested acquirers. The pressure may add uncertainty around the company’s strategy and capital allocation. TCIM Issues Statement Regarding Devon Energy’s Strategic Review

Devon Energy Stock Performance

Shares of NYSE:DVN opened at $42.22 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.70 and a quick ratio of 0.65. The business’s fifty day moving average price is $48.64 and its two-hundred day moving average price is $46.04. Devon Energy Corporation has a fifty-two week low of $32.49 and a fifty-two week high of $52.71. The stock has a market capitalization of $46.45 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.10 and a beta of 0.43.

Devon Energy (NYSE:DVN) last issued its quarterly earnings data on Thursday, November 5th. The energy company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Devon Energy had a return on equity of 14.86% and a net margin of 16.22%. The company had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.57 billion. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue was up 66.5% on a year-over-year basis. As a group, analysts predict that Devon Energy Corporation will post 5.49 EPS for the current fiscal year.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.0%. Devon Energy’s dividend payout ratio is presently 32.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DVN shares. Wells Fargo & Company reduced their target price on shares of Devon Energy from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Monday, September 28th. Argus restated a “buy” rating and set a $45.85 price target on shares of Devon Energy in a research note on Monday, August 17th. Truist Financial lowered their price target on Devon Energy from $65.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Scotiabank assumed coverage on Devon Energy in a report on Wednesday, October 14th. They issued a “sector outperform” rating and a $61.00 price target for the company. Finally, Wall Street Zen upgraded Devon Energy from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.61.

Devon Energy Profile

Devon Energy Corporation is an independent energy company focused on exploring for and producing oil, natural gas and natural gas liquids. Its activities include developing and operating producing properties and managing the infrastructure needed to bring its products to market.

Founded in 1971, Devon is headquartered in Oklahoma City. Its operations are concentrated in U.S. onshore basins, including the Delaware Basin, Eagle Ford, Anadarko, Williston and Powder River basins.

The company’s portfolio has evolved through acquisitions and asset sales over its history.