LVM Capital Management Ltd. MI Takes $492,000 Position in Devon Energy Corporation $DVN

LVM Capital Management Ltd. MI acquired a new position in shares of Devon Energy Corporation (NYSE:DVN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,445 shares of the energy company’s stock, valued at approximately $492,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its stake in shares of Devon Energy by 4.3% in the 3rd 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 increased its holdings in shares of Devon Energy by 13,787.5% during the 4th quarter. Investors Research Corp now owns 27,775 shares of the energy company’s stock worth $1,017,000 after buying an additional 27,575 shares during the last quarter. Greatmark Investment Partners Inc. raised its position in shares of Devon Energy by 5.6% during the 3rd 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. Canada Post Corp Registered Pension Plan raised its position in shares of Devon Energy by 298.1% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 42,351 shares of the energy company’s stock valued at $1,585,000 after buying an additional 31,713 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings 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 valued at $415,319,000 after acquiring an additional 560,652 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DVN. Benchmark reiterated a “buy” rating on shares of Devon Energy in a research report on Friday, January 16th. Weiss Ratings upgraded Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 28th. Wolfe Research increased their price target on Devon Energy from $58.00 to $64.00 in a report on Monday, March 9th. Citigroup raised their price objective on Devon Energy from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Finally, Siebert Williams Shank boosted their price objective on shares of Devon Energy from $46.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Devon Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.86.

Devon Energy Stock Up 0.2%

Shares of NYSE DVN opened at $50.38 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $43.28 and its two-hundred day moving average is $37.97. Devon Energy Corporation has a 52-week low of $25.89 and a 52-week high of $50.71. The firm has a market cap of $31.24 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.33 and a beta of 0.56.

Devon Energy (NYSE:DVN) last released its quarterly earnings results on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $4.12 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%.The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the business posted $1.10 earnings per share. Research analysts predict that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, March 13th. Devon Energy’s dividend payout ratio (DPR) is 23.02%.

Devon Energy News Roundup

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

• Positive Sentiment: Truist initiated coverage with a buy/strong‑buy view and a $63 price target, highlighting upside versus the current share level and likely supporting investor demand. Truist Securities initiates coverage of Devon Energy (DVN) with buy recommendation
• Positive Sentiment: TD Cowen raised its price target to $50 (from $46) while keeping a Hold — a modest positive catalyst that validates near‑term valuation after recent gains. TD Cowen Lifts PT on Devon Energy (DVN) to $50 From $46 – Here’s Why
• Positive Sentiment: Crude prices have rebounded, lifting U.S. E&P stocks including DVN and improving near‑term cash‑flow expectations and sensitivity to commodity moves. Devon Energy rises as oil prices rebound, lifting U.S. E&P stocks
• Neutral Sentiment: At CERAWeek Devon’s CEO said the company will keep activity steady despite the oil spike, signaling capital‑discipline rather than near‑term production growth — supportive for margins but limits immediate volume upside. CERAWEEK Devon Energy to hold activity steady even as oil prices spike, CEO says
• Neutral Sentiment: Analyst comparisons (DVN vs OXY) note Occidental may capture more upside from oil spikes due to less hedging and stronger revisions, which could temper relative performance expectations for Devon. DVN vs. OXY: Which Permian Stock Benefits More From Oil Price Spikes?
• Negative Sentiment: Technical analysts warn DVN is “overbought” after a >37% quarterly rally, raising the risk of a pullback or consolidation after strong near‑term gains. Red-Hot Oil Stock Flashing Ominous Bear Signal
• Negative Sentiment: Short interest rose sharply in March (≈58% increase to ~24.4M shares), which can add downside pressure if sentiment shifts or triggers squeezes that amplify intraday swings. Source: short‑interest data provided in brief

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.