146,777 Shares in Devon Energy Corporation $DVN Bought by Decker Wealth Management LLC

Decker Wealth Management LLC acquired a new stake in shares of Devon Energy Corporation (NYSE:DVN) during the third quarter, Holdings Channel reports. The firm acquired 146,777 shares of the energy company’s stock, valued at approximately $6,758,000. Devon Energy comprises 1.4% of Decker Wealth Management LLC’s investment portfolio, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Devon Energy by 57.6% during the 2nd quarter. BlackRock Inc. now owns 95,378,854 shares of the energy company’s stock valued at $3,941,054,000 after purchasing an additional 34,871,366 shares during the period. State Street Corp lifted its holdings in shares of Devon Energy by 89.8% in the second quarter. State Street Corp now owns 73,179,266 shares of the energy company’s stock valued at $3,023,767,000 after buying an additional 34,615,088 shares during the period. Wellington Management Group LLP boosted its stake in Devon Energy by 418.3% during the second quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company’s stock valued at $2,128,905,000 after buying an additional 41,581,435 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Devon Energy by 17.5% during the fourth quarter. Victory Capital Management Inc. now owns 13,916,979 shares of the energy company’s stock valued at $509,779,000 after buying an additional 2,071,021 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in Devon Energy during the second quarter worth about $421,226,000. Institutional investors own 69.72% of the company’s stock.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Devon agreed to sell its Eagle Ford assets in South Texas to Crescent Energy for approximately $4.2 billion in cash. The sale covers about 90,000 net acres and production of roughly 68,000 barrels of oil equivalent per day. Management said the transaction sharpens Devon’s focus on higher-return, longer-duration assets and improves financial flexibility. Devon Energy Announces Agreement to Exit the Eagle Ford
• Positive Sentiment: Proceeds are expected to support shareholder buybacks and debt reduction, potentially strengthening Devon’s balance sheet and increasing per-share returns. The transaction is expected to close around year-end 2026. Devon Energy Eagle Ford Sale to Boost Buybacks and Reduce Debt
• Neutral Sentiment: Crescent said the acquisition would add about 68,000 boe/d and generate targeted annual synergies of $140 million, highlighting the strategic value of the assets but also underscoring that Devon is exiting a significant production base. Crescent Energy’s Devon Deal Strengthens Its Eagle Ford Dominance
• Negative Sentiment: Truist Financial reportedly cut its price target for DVN, although it maintained a Buy rating. A lower target may be limiting enthusiasm around the stock despite the favorable asset-sale narrative. Devon Energy Stock Price Target Cut by Truist Financial

Insider Buying and Selling at Devon Energy

In related news, EVP Robert Ferrall Lowe III sold 6,756 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $50.95, for a total value of $344,218.20. Following the completion of the sale, the executive vice president directly owned 72,720 shares of the company’s stock, valued at approximately $3,705,084. This represents a 8.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Clay M. Gaspar bought 3,913 shares of the stock in a transaction on Monday, September 14th. The shares were acquired at an average cost of $51.08 per share, for a total transaction of $199,876.04. Following the purchase, the chief executive officer owned 619,152 shares in the company, valued at approximately $31,626,284.16. This represents a 0.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 4.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DVN shares. Weiss Ratings upgraded shares of Devon Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Citigroup lifted their price objective on shares of Devon Energy from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. UBS Group boosted their target price on shares of Devon Energy from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday. Seaport Research Partners assumed coverage on shares of Devon Energy in a research note on Thursday, September 3rd. They set a “buy” rating and a $65.00 target price for the company. Finally, Susquehanna raised their target price on shares of Devon Energy from $57.00 to $63.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.19.

Devon Energy Trading Down 1.4%

NYSE DVN traded down $0.68 on Friday, hitting $48.24. 6,362,807 shares of the company were exchanged, compared to its average volume of 13,162,086. The company’s 50 day moving average price is $47.35 and its 200-day moving average price is $46.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market capitalization of $53.07 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 1.28 and a beta of 0.49. Devon Energy Corporation has a twelve month low of $31.47 and a twelve month high of $52.71.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.17. The business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $6.01 billion. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The firm’s quarterly revenue was up 73.1% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. Analysts predict that Devon Energy Corporation will post 5.35 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.32 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.7%. Devon Energy’s dividend payout ratio is presently 30.40%.

Devon Energy Company Profile

Devon Energy Corporation (NYSE: DVN) is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company operates in the United States and focuses on onshore properties with oil- and liquids-rich resources.

Devon’s operations are concentrated in several major U.S. producing regions, including the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.