Miller Global Investments LLC Purchases New Stake in Devon Energy Corporation $DVN

Miller Global Investments LLC acquired a new position in shares of Devon Energy Corporation (NYSE:DVN) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,252 shares of the energy company’s stock, valued at approximately $412,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Woodline Partners LP boosted its holdings in shares of Devon Energy by 98.8% in the 1st quarter. Woodline Partners LP now owns 115,780 shares of the energy company’s stock valued at $4,330,000 after buying an additional 57,555 shares during the period. Sivia Capital Partners LLC acquired a new stake in Devon Energy during the second quarter worth about $403,000. SG Americas Securities LLC lifted its holdings in Devon Energy by 47.1% in the second quarter. SG Americas Securities LLC now owns 20,625 shares of the energy company’s stock worth $656,000 after acquiring an additional 6,602 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Devon Energy by 40.0% in the second quarter. Intech Investment Management LLC now owns 39,455 shares of the energy company’s stock worth $1,255,000 after acquiring an additional 11,273 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in Devon Energy by 5.0% in the second quarter. Citizens Financial Group Inc. RI now owns 12,762 shares of the energy company’s stock valued at $406,000 after acquiring an additional 612 shares during the period. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy Price Performance

Shares of DVN opened at $48.81 on Friday. Devon Energy Corporation has a one year low of $25.89 and a one year high of $49.83. The stock’s fifty day moving average is $42.24 and its 200-day moving average is $37.56. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.98. The firm has a market capitalization of $30.26 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.27 and a beta of 0.56.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data 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 business had revenue of $17.19 billion during the quarter, compared to the consensus estimate of $3.67 billion. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 earnings per share. Equities analysts anticipate that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Announces Dividend

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 paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, March 13th. Devon Energy’s dividend payout ratio is currently 23.02%.

Analysts Set New Price Targets

Several equities analysts have recently commented on DVN shares. JPMorgan Chase & Co. lowered their target price on Devon Energy from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Piper Sandler boosted their price objective on Devon Energy from $59.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Wells Fargo & Company upped their price objective on Devon Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Sanford C. Bernstein dropped their target price on Devon Energy from $48.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, UBS Group raised their target price on Devon Energy from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Twenty-three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.37.

Key Devon Energy News

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

• Positive Sentiment: Multiple analyst upgrades and a fresh “buy” from Barclays lifted sentiment, helping push the stock to a new 52‑week high and fueling recent inflows. Read More.
• Positive Sentiment: Devon is on a multi‑session winning streak (now seven sessions), reflecting momentum trading and growing investor appetite for U.S. producers amid geopolitical oil tightness. This streak is cited across coverage and has materially increased market cap. Read More.
• Positive Sentiment: Macro/oil outlook pieces argue that sustained elevated crude prices would disproportionately boost free cash flow at well‑managed producers like Devon, supporting buybacks/dividends and valuation expansion. That bullish commodity narrative is underpinning recent upgrades. Read More.
• Neutral Sentiment: Coverage notes Devon has risen ~8.4% since the last earnings report and analysts are re‑checking estimates — this explains part of the run but flags that further gains will depend on sustainment of oil prices and execution. Read More.
• Neutral Sentiment: Some research houses (e.g., TD Cowen) are keeping non‑committal stances (hold), showing not all Street views are uniformly bullish; that leaves room for mixed trading on any oil price or operational surprise. Read More.
• Negative Sentiment: Coverage reminding investors that lower oil prices would reverse the rally — some pieces outline scenarios where falling crude would hurt producers’ leverage and cash flow, creating downside risk if the oil rally fades. Read More.

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.