Devon Energy Corporation $DVN Stock Sold by Equity Investment Corp

Equity Investment Corp lowered its holdings in Devon Energy Corporation (NYSE:DVN) by 2.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,533,063 shares of the energy company’s stock after selling 53,407 shares during the quarter. Devon Energy accounts for 1.6% of Equity Investment Corp’s holdings, making the stock its 22nd largest holding. Equity Investment Corp’s holdings in Devon Energy were worth $116,622,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. grew its holdings 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 worth $3,941,054,000 after purchasing an additional 34,871,366 shares during the period. State Street Corp increased its position in shares of Devon Energy by 89.8% during the 2nd quarter. State Street Corp now owns 73,179,266 shares of the energy company’s stock worth $3,023,767,000 after purchasing an additional 34,615,088 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Devon Energy by 418.3% during the 2nd quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company’s stock worth $2,128,905,000 after purchasing an additional 41,581,435 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Devon Energy by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,606,131 shares of the energy company’s stock valued at $483,475,000 after buying an additional 235,561 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Devon Energy in the 2nd quarter valued at about $421,226,000. Institutional investors and hedge funds own 69.72% of the company’s stock.

Insider Transactions at Devon Energy

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

Trending Headlines about Devon Energy

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

• Positive Sentiment: Devon’s Q3 earnings-call highlights included record oil and total production, strong free cash flow, accelerated share repurchases, and a disciplined 2027 spending plan. Management also outlined Permian expansion and higher merger synergies, with a target of 5%–10% annual free-cash-flow-per-share growth. Article: Devon Energy Q3 2026 Earnings Call Highlights
• Positive Sentiment: Analyst sentiment remains broadly constructive: JPMorgan raised its target to $68 and Truist to $62, both retaining positive ratings. UBS also maintained a Buy rating despite trimming its target to $62. Article: JPMorgan raises Devon price target
• Neutral Sentiment: After losing 13.4% over four weeks, DVN is described as technically oversold. The article argues that selling pressure may be easing, with upward earnings-estimate revisions offering a possible catalyst for a reversal, though this is not a guarantee. Article: Devon Energy and a potential trend reversal
• Negative Sentiment: Some firms trimmed their targets, including UBS ($65 to $62), Morgan Stanley ($65 to $64), and Susquehanna ($63 to $60). Their ratings remain Buy, Overweight, or Positive, but the reductions temper the otherwise optimistic analyst outlook. Article: UBS price-target update

Devon Energy Trading Up 2.3%

DVN opened at $43.39 on Wednesday. Devon Energy Corporation has a 12 month low of $34.11 and a 12 month high of $52.71. The stock has a market capitalization of $49.45 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.10 and a beta of 0.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.70 and a quick ratio of 0.65. The business has a fifty day moving average price of $48.44 and a 200 day moving average price of $46.09.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results on Thursday, November 5th. The energy company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.57 billion. Devon Energy had a return on equity of 14.86% and a net margin of 16.22%. Devon Energy’s revenue was up 66.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 EPS. Sell-side analysts expect that Devon Energy Corporation will post 5.50 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. Devon Energy’s payout ratio is currently 32.00%.

Analysts Set New Price Targets

DVN has been the topic of a number of recent analyst reports. Mizuho decreased their target price on shares of Devon Energy from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Truist Financial lifted their price target on shares of Devon Energy from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Monday. Susquehanna reduced their price target on shares of Devon Energy from $63.00 to $60.00 and set a “positive” rating on the stock in a research note on Monday. Weiss Ratings downgraded shares of Devon Energy from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Argus restated a “buy” rating and issued a $45.85 price objective on shares of Devon Energy in a report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.49.

Devon Energy Profile

Devon Energy Corporation is an independent energy company focused on exploring for and producing oil, natural gas and natural gas liquids. Its activities include developing and operating producing properties and managing the infrastructure needed to bring its products to market. Founded in 1971, Devon is headquartered in Oklahoma City. Its operations are concentrated in U.S. onshore basins, including the Delaware Basin, Eagle Ford, Anadarko, Williston and Powder River basins. The company’s portfolio has evolved through acquisitions and asset sales over its history.