Mitsubishi UFJ Trust & Banking Corp Decreases Holdings in Devon Energy Corporation $DVN

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Devon Energy Corporation (NYSE:DVN) by 14.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 641,294 shares of the energy company’s stock after selling 110,734 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Devon Energy were worth $23,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of DVN. AQR Capital Management LLC raised its position in shares of Devon Energy by 78.7% in 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 buying an additional 2,802,137 shares during the last quarter. Sourcerock Group LLC increased its position in Devon Energy by 2,132.3% during the second quarter. Sourcerock Group LLC now owns 1,751,276 shares of the energy company’s stock worth $55,708,000 after purchasing an additional 1,672,824 shares during the last quarter. SG Americas Securities LLC increased its position in Devon Energy by 446.7% during the fourth quarter. SG Americas Securities LLC now owns 1,236,301 shares of the energy company’s stock worth $45,286,000 after purchasing an additional 1,010,170 shares during the last quarter. Wellington Management Group LLP increased its position in Devon Energy by 704.3% during the third quarter. Wellington Management Group LLP now owns 975,114 shares of the energy company’s stock worth $34,187,000 after purchasing an additional 853,875 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Devon Energy during the third quarter worth about $24,766,000. 69.72% of the stock is currently owned by institutional investors and hedge funds.

More Devon Energy News

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

• Positive Sentiment: Morgan Stanley raised its price target on DVN to $59 and kept an “overweight” rating, signaling increased analyst conviction and giving the stock notable upside vs. prior targets. Morgan Stanley adjusts Devon Energy price target to $59
• Positive Sentiment: Zacks added DVN to multiple Rank #1 lists (momentum and value/strong-buy screens), which can attract model-driven flows and retail attention. Best Momentum Stocks to Buy for April 29th
• Positive Sentiment: Unusual options activity: ~38,160 call options traded (a ~36% increase vs. typical volume), indicating bullish speculative positioning ahead of earnings/merger catalysts.
• Positive Sentiment: Sector and deal catalysts are supportive — firmer oil prices and commentary that Devon cleared an HSR antitrust waiting period for the Coterra merger are lifting sentiment around cash flow and deal close timing. Devon Energy rises as oil prices firm and investors focus on pending Coterra merger
• Neutral Sentiment: Kimmeridge (an energy-focused investor) published an open letter urging the post-merger board to pursue asset sales and improve capital allocation — this could lead to value-enhancing moves but also creates execution/transition risk. Investor Kimmeridge urges Devon pursue asset sales after Coterra merger
• Neutral Sentiment: Sector peer data: TotalEnergies beat Q1 estimates on stronger realized Brent prices—positive for overall E&P sentiment but not a direct company-specific catalyst for DVN. TTE Q1 Earnings and Sales Beat Estimates on Strong Realized Prices
• Negative Sentiment: Scotiabank sharply raised its FY2026–27 EPS projections for Devon but still maintains a “Sector Perform” stance and a $46 price target — a target below current market levels that could cap upside if other analysts don’t lift targets. (internal reporting)

Devon Energy Trading Up 3.3%

Shares of DVN stock opened at $51.10 on Thursday. 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 stock has a market capitalization of $31.73 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 0.83 and a beta of 0.47. The company has a 50 day moving average price of $46.95 and a 200 day moving average price of $40.31. Devon Energy Corporation has a fifty-two week low of $29.70 and a fifty-two week high of $52.71.

Devon Energy (NYSE:DVN) last announced its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share. Equities research analysts predict that Devon Energy Corporation will post 5.18 EPS for the current fiscal year.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a $0.24 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.9%. Devon Energy’s payout ratio is 23.02%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DVN shares. Siebert Williams Shank raised their price objective on shares of Devon Energy from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. BMO Capital Markets raised their price objective on shares of Devon Energy from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Raymond James Financial raised their price objective on shares of Devon Energy from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Wells Fargo & Company restated an “overweight” rating and set a $66.00 price objective on shares of Devon Energy in a research report on Monday, April 20th. Finally, Barclays raised their price objective on shares of Devon Energy from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.85.

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.