Vanguard Group Inc. Sells 196,753 Shares of Devon Energy Corporation $DVN

Vanguard Group Inc. cut its position in Devon Energy Corporation (NYSE:DVN) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,764,807 shares of the energy company’s stock after selling 196,753 shares during the period. Vanguard Group Inc. owned about 12.88% of Devon Energy worth $2,866,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in Devon Energy by 78.7% during the second quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company’s stock valued at $202,327,000 after acquiring an additional 2,802,137 shares during the period. Adage Capital Partners GP L.L.C. grew its position in shares of Devon Energy by 83.9% during the second quarter. Adage Capital Partners GP L.L.C. now owns 4,568,092 shares of the energy company’s stock worth $145,311,000 after purchasing an additional 2,083,600 shares in the last quarter. Sourcerock Group LLC raised its stake in Devon Energy by 2,132.3% during the 2nd quarter. Sourcerock Group LLC now owns 1,751,276 shares of the energy company’s stock valued at $55,708,000 after purchasing an additional 1,672,824 shares during the period. Prudential Financial Inc. lifted its holdings in Devon Energy by 93.4% in the 2nd quarter. Prudential Financial Inc. now owns 1,506,329 shares of the energy company’s stock worth $47,916,000 after purchasing an additional 727,532 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Devon Energy by 44.6% in the 2nd quarter. American Century Companies Inc. now owns 1,638,065 shares of the energy company’s stock worth $52,107,000 after purchasing an additional 505,382 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Stock Performance

Shares of NYSE:DVN opened at $44.40 on Thursday. The firm has a fifty day simple moving average of $38.64 and a two-hundred day simple moving average of $35.97. Devon Energy Corporation has a 52 week low of $25.89 and a 52 week high of $45.32. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $27.85 billion, a P/E ratio of 10.65, a PEG ratio of 4.00 and a beta of 0.61.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Devon Energy had a net margin of 15.37% and a return on equity of 16.39%. The firm had revenue of $17.19 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, analysts expect that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 13th. Devon Energy’s payout ratio is presently 23.02%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DVN shares. Argus upgraded shares of Devon Energy to a “strong-buy” rating in a research report on Wednesday, November 26th. Siebert Williams Shank raised their target price on shares of Devon Energy from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 26th. The Goldman Sachs Group boosted their price target on shares of Devon Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Zacks Research downgraded shares of Devon Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Finally, Jefferies Financial Group raised their price objective on Devon Energy from $33.00 to $36.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.32.

More Devon Energy News

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

• Positive Sentiment: Q4 results beat consensus: Devon reported $0.82 EPS (vs. $0.81 est.) and revenue that topped estimates, with production above guidance and lower costs — supportive for near‑term earnings confidence. Devon Q4 Earnings & Revenues Beat Estimates, Production Increases
• Positive Sentiment: Dividend lift and shareholder returns: Devon raised its quarterly payout (reported as a ~31% increase to $0.315/share in coverage) and reiterated its cash‑return focus, which supports yield‑seeking investors. Devon Energy raises dividend by 31% to $0.315 per share
• Positive Sentiment: Analyst optimism: Wolfe Research bumped its price target to $58 and maintained an Outperform rating, signaling upside vs. current levels and likely helping buyer interest. Wolfe Research adjusts price target
• Positive Sentiment: Momentum: Some market coverage flagged the stock reaching multi‑month highs after the Q4 beat, indicating positive technical / sentiment momentum. Oil Stock Taps 17-Month High After Q4 Beat
• Neutral Sentiment: Guidance and investor outreach: Management issued a 2026 outlook and hosted an earnings call/slide deck to discuss capital allocation and the cash‑return model — useful context but dependent on commodity moves. Devon Energy Reports Fourth-Quarter and Full-Year 2025 Results
• Neutral Sentiment: Short interest fell ~12.6% recently, which can reduce downward pressure but is not a directional catalyst by itself. Short Interest in Devon Energy Decreases
• Negative Sentiment: Year‑over‑year profit and cash‑flow contraction: while beats were reported, the quarter showed sharp YoY declines in gross profit, operating profit and operating cash flow — a reminder earnings are sensitive to oil/NGL pricing and volumes. QuiverQuant Q4 earnings summary
• Negative Sentiment: Mixed market reaction: some outlets noted the stock slipped after the print despite the beat — variability in intraday flows reflects investor focus on longer‑term cash flow trends and macro energy prices. Devon Energy Stock Slips Despite Q4 Beat

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.