World Investment Advisors grew its position in Devon Energy Corporation (NYSE:DVN – Free Report) by 54.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,916 shares of the energy company’s stock after purchasing an additional 16,505 shares during the quarter. World Investment Advisors’ holdings in Devon Energy were worth $1,719,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in DVN. Aprio Wealth Management LLC grew its position in Devon Energy by 4.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 7,521 shares of the energy company’s stock worth $264,000 after purchasing an additional 297 shares during the period. Accredited Wealth Management LLC grew its position in Devon Energy by 61.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after purchasing an additional 308 shares during the period. Lindenwold Advisors INC grew its position in Devon Energy by 1.2% in the 3rd quarter. Lindenwold Advisors INC now owns 27,094 shares of the energy company’s stock worth $950,000 after purchasing an additional 314 shares during the period. OneDigital Investment Advisors LLC grew its position in Devon Energy by 2.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,620 shares of the energy company’s stock worth $442,000 after purchasing an additional 318 shares during the period. Finally, US Bancorp DE grew its position in Devon Energy by 0.3% in the 3rd quarter. US Bancorp DE now owns 113,308 shares of the energy company’s stock worth $3,973,000 after purchasing an additional 329 shares during the period. Institutional investors and hedge funds own 69.72% of the company’s stock.
Devon Energy Stock Up 4.9%
DVN opened at $49.55 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 1.01. Devon Energy Corporation has a fifty-two week low of $30.24 and a fifty-two week high of $52.71. The firm’s fifty day moving average is $47.75 and its 200 day moving average is $41.38. The stock has a market cap of $30.79 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.79 and a beta of 0.43.
Devon Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.32 per share. This is a positive change from Devon Energy’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.6%. Devon Energy’s dividend payout ratio is presently 26.74%.
Insiders Place Their Bets
In related news, EVP Jeffrey L. Ritenour sold 70,029 shares of Devon Energy stock in a transaction on 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 transaction, the executive vice president owned 428,452 shares in the company, valued at approximately $19,991,570.32. The trade was a 14.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Adam M. Vela sold 24,342 shares of Devon Energy stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the transaction, the senior vice president owned 130,540 shares in the company, valued at approximately $6,162,793.40. This trade represents a 15.72% decrease in their position. The SEC filing for this sale provides additional information. 0.71% of the stock is currently owned by insiders.
Key Devon Energy News
Here are the key news stories impacting Devon Energy this week:
- Positive Sentiment: Rising oil prices are helping Devon Energy, and one recent bull case says the company still looks cheap with commodity tailwinds expected into the second half of 2026. Article: Devon Energy: Still Cheap With FQ2’26 & H2’26 Commodity Tailwinds – Reiterate Buy
- Positive Sentiment: Recent coverage highlights Devon as a strong way to benefit from oil-market strength, with investors also focusing on the company’s post-merger scale and higher dividend outlook after the Coterra combination. Article: Devon Energy jumps as oil prices rise and investors digest post-merger capital return outlook
- Positive Sentiment: Devon’s higher quarterly dividend and ongoing analyst price targets in the mid-to-high $50s to $60s continue to support the stock’s income and valuation appeal.
- Neutral Sentiment: Evercore initiated coverage with an “in-line” rating and a $54 price target, suggesting fair value rather than a strong catalyst for a sharp re-rating.
- Neutral Sentiment: Articles comparing Devon Energy with Chevron frame DVN as the more oil-sensitive pick, which can help when crude is strong but leaves it more exposed if prices weaken. Article: Devon Energy vs. Chevron: Here’s the Better Oil Stock to Own Right Now
- Negative Sentiment: Scotiabank sharply reduced FY2026 and FY2027 earnings estimates, pointing to weaker profitability expectations ahead and weighing on investor sentiment. Article: Why Devon Energy’s (NYSE:DVN) Soft Earnings Are Just The Beginning Of Its Problems
- Negative Sentiment: Insider selling by SVP Adam Vela, along with the weak recent earnings report that missed revenue estimates, may be adding pressure by reinforcing concerns about near-term fundamentals. Article: Devon Energy (NYSE:DVN) SVP Adam Vela Sells 24,342 Shares
Wall Street Analyst Weigh In
DVN has been the subject of a number of research analyst reports. Scotiabank lifted their target price on shares of Devon Energy from $41.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Argus lifted their price target on shares of Devon Energy from $41.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Jefferies Financial Group lifted their price target on shares of Devon Energy from $44.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, April 13th. Raymond James Financial upgraded shares of Devon Energy from an “outperform” rating to a “strong-buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, May 5th. Finally, Wolfe Research lifted their price target on shares of Devon Energy from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $56.41.
Get Our Latest Analysis on DVN
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.
Featured Articles
- Five stocks we like better than Devon Energy
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Want to see what other hedge funds are holding DVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Devon Energy Corporation (NYSE:DVN – Free Report).
Receive News & Ratings for Devon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devon Energy and related companies with MarketBeat.com's FREE daily email newsletter.
