Aventail Capital Group LP Sells 1,011,683 Shares of Devon Energy Corporation $DVN

Aventail Capital Group LP lowered its stake in Devon Energy Corporation (NYSE:DVN) by 65.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 544,753 shares of the energy company’s stock after selling 1,011,683 shares during the period. Aventail Capital Group LP owned approximately 0.09% of Devon Energy worth $19,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Devon Energy by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 18,595,683 shares of the energy company’s stock valued at $589,399,000 after purchasing an additional 218,034 shares during the last quarter. Victory Capital Management Inc. lifted its position in Devon Energy by 5.0% in the third quarter. Victory Capital Management Inc. now owns 11,845,958 shares of the energy company’s stock worth $415,319,000 after buying an additional 560,652 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Devon Energy by 6.3% in the third quarter. Dimensional Fund Advisors LP now owns 9,353,062 shares of the energy company’s stock worth $327,938,000 after buying an additional 552,068 shares during the last quarter. AQR Capital Management LLC boosted its stake in Devon Energy by 29.3% during the third quarter. AQR Capital Management LLC now owns 8,223,219 shares of the energy company’s stock worth $288,306,000 after buying an additional 1,862,720 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Devon Energy by 1.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,784,270 shares of the energy company’s stock worth $152,188,000 after buying an additional 77,433 shares during the period. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Piper Sandler raised its price target to $67 and upgraded Devon to “overweight,” signaling sizable analyst upside vs. the current share level — a catalyst that can attract funds and buy-side interest. Piper Sandler price target raise
• Positive Sentiment: Jim Cramer publicly praised Devon’s “great natural gas portfolio,” reinforcing a positive retail/investor narrative that the company is well positioned if gas tightness or price strength emerges. Media endorsements like this can boost retail flows. Jim Cramer on Devon Energy
• Positive Sentiment: Unusually large call-option volume (roughly 99k calls traded) indicates speculative or hedged bullish positioning by options traders, which often precedes increased directional conviction or volatility in the underlying shares. Options activity report
• Positive Sentiment: Geopolitical tensions in the Middle East and a renewed crude rally have lifted oil and gas prices, improving near‑term revenue visibility for pure‑play producers like Devon. Higher commodity realizations are directly positive for earnings and cash flow. Middle East tensions lift oil
• Neutral Sentiment: S&P 500 futures and macro moves (reports referencing $100 oil expectations) are giving energy names a lift, but broader market direction will determine whether gains persist or reverse. S&P and oil story
• Neutral Sentiment: Coverage pieces note Devon has recently underperformed some energy peers despite analyst optimism; that mixed view can limit momentum until earnings or clearer commodity direction arrives. Underperforming sector note
• Neutral Sentiment: Zacks highlighted that Devon gained while the market dipped, suggesting relative strength today but not necessarily a durable trend without follow‑through. Zacks market note
• Negative Sentiment: Analysis cautioning that U.S. supply dynamics could blunt the financial upside from crude rallies serves as a reminder Devon’s upside may be capped if global price moves prove short‑lived or if domestic production offsets gains. Fool caution on upside

Devon Energy Price Performance

NYSE DVN opened at $46.27 on Friday. The company has a market cap of $28.69 billion, a PE ratio of 11.10, a P/E/G ratio of 4.68 and a beta of 0.56. The firm’s 50 day moving average price is $41.29 and its 200-day moving average price is $37.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.98. Devon Energy Corporation has a 52-week low of $25.89 and a 52-week high of $46.41.

Devon Energy (NYSE:DVN) last posted its earnings results on Tuesday, February 17th. The energy company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $17.19 billion during the quarter, compared to analyst estimates of $3.67 billion. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.Devon Energy’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Sell-side analysts forecast that Devon Energy Corporation will post 4.85 EPS for the current fiscal year.

Devon Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, March 13th. Devon Energy’s payout ratio is presently 23.02%.

Analyst Ratings Changes

A number of research firms have weighed in on DVN. Citigroup boosted their price objective on shares of Devon Energy from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Johnson Rice dropped their price target on shares of Devon Energy from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, December 5th. Argus upped their price target on shares of Devon Energy from $41.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Scotiabank reduced their price objective on shares of Devon Energy from $45.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Monday, February 23rd. Finally, Zacks Research raised shares of Devon Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Twenty-three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.85.

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.