Koss Olinger Consulting LLC Cuts Stock Holdings in Devon Energy Corporation $DVN

Koss Olinger Consulting LLC lowered its stake in shares of Devon Energy Corporation (NYSE:DVN) by 23.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,744 shares of the energy company’s stock after selling 13,133 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Devon Energy were worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wedge Capital Management L L P NC purchased a new stake in shares of Devon Energy during the fourth quarter worth $9,931,000. Allianz Asset Management GmbH increased its position in shares of Devon Energy by 4.3% during the third quarter. Allianz Asset Management GmbH now owns 833,155 shares of the energy company’s stock worth $29,210,000 after acquiring an additional 33,974 shares during the period. Investors Research Corp increased its position in shares of Devon Energy by 13,787.5% during the fourth quarter. Investors Research Corp now owns 27,775 shares of the energy company’s stock worth $1,017,000 after acquiring an additional 27,575 shares during the period. Philip James Wealth Mangement LLC increased its position in shares of Devon Energy by 43.8% during the fourth quarter. Philip James Wealth Mangement LLC now owns 161,368 shares of the energy company’s stock worth $5,911,000 after acquiring an additional 49,115 shares during the period. Finally, Canada Post Corp Registered Pension Plan increased its position in shares of Devon Energy by 298.1% during the third quarter. Canada Post Corp Registered Pension Plan now owns 42,351 shares of the energy company’s stock worth $1,585,000 after acquiring an additional 31,713 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Insider Buying and Selling at Devon Energy

In other news, EVP Jeffrey L. Ritenour sold 70,029 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.66, for a total transaction of $3,267,553.14. Following the completion of the sale, the executive vice president owned 428,452 shares in the company, valued at approximately $19,991,570.32. This represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Adam M. Vela sold 24,342 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the sale, the senior vice president owned 130,540 shares of the company’s stock, valued at $6,162,793.40. This trade represents a 15.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

DVN has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on Devon Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Zacks Research lowered Devon Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Capital One Financial lowered their target price on shares of Devon Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Truist Financial assumed coverage on shares of Devon Energy in a research note on Tuesday, March 24th. They set a “buy” rating and a $63.00 target price for the company. Finally, Jefferies Financial Group boosted their target price on shares of Devon Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.85.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Reuters reported that Devon Energy has received an roughly $8 billion offer for its Marcellus shale position from Stone Ridge Asset Management, which could unlock significant value if a deal materializes. Exclusive: Devon Energy gets $8 billion offer for Marcellus position, sources say
• Positive Sentiment: Zacks Research raised earnings estimates across multiple periods for Devon Energy, including FY2026 EPS to $4.39 from $3.99, FY2027 EPS to $4.43 from $4.10, and FY2028 EPS to $4.82 from $4.03, signaling stronger expected profitability ahead. Devon Energy Corporation (NYSE:DVN) – Free Report
• Neutral Sentiment: Despite the higher forecasts, Zacks kept a Hold rating on DVN, suggesting analysts see upside potential but remain cautious on the stock’s near-term valuation. Devon Energy Corporation (NYSE:DVN) – Free Report
• Neutral Sentiment: Citi previously lifted its price target on Devon Energy to $65 from $60 while keeping a Buy rating, adding to the broader bullish analyst tone around the shares. Citi Raises its Price Target on Devon Energy (DVN)
• Negative Sentiment: Zacks also downgraded Devon Energy from Strong Buy to Hold, which may temper enthusiasm even as earnings estimates improve. Zacks.com, Tickerreport.com

Devon Energy Stock Performance

NYSE DVN opened at $44.54 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.01 and a quick ratio of 0.94. Devon Energy Corporation has a 1 year low of $30.24 and a 1 year high of $52.71. The company has a market capitalization of $27.68 billion, a PE ratio of 12.41 and a beta of 0.43. The company has a fifty day moving average of $47.96 and a two-hundred day moving average of $42.37.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Tuesday, May 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.02). Devon Energy had a net margin of 13.71% and a return on equity of 15.22%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The business’s revenue was down 14.5% on a year-over-year basis. As a group, analysts expect that Devon Energy Corporation will post 4.21 earnings per share for the current year.

Devon Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.32 dividend. This is a boost from Devon Energy’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, June 15th. Devon Energy’s payout ratio is currently 35.65%.

Devon Energy 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.