Havemeyer Place LP Makes New Investment in Devon Energy Corporation $DVN

Posted by George Bondi on Jun 9th, 2026

Havemeyer Place LP bought a new position in shares of Devon Energy Corporation (NYSE:DVN – Free Report) in the 4th quarter, HoldingsChannel reports. The fund bought 23,741 shares of the energy company’s stock, valued at approximately $870,000.

Several other hedge funds also recently bought and sold shares of DVN. Accredited Wealth Management LLC boosted its stake in Devon Energy by 61.6% during the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after buying an additional 308 shares during the period. Ameriflex Group Inc. boosted its stake in shares of Devon Energy by 702.0% in the third quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock valued at $28,000 after purchasing an additional 702 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Devon Energy in the third quarter valued at approximately $31,000. Olistico Wealth LLC purchased a new position in shares of Devon Energy in the fourth quarter valued at approximately $31,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Devon Energy in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Stock Up 1.9%

Shares of Devon Energy stock opened at $45.11 on Tuesday. Devon Energy Corporation has a 52-week low of $31.45 and a 52-week high of $52.71. The company has a 50 day moving average of $47.48 and a 200 day moving average of $42.87. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $28.03 billion, a P/E ratio of 12.56 and a beta of 0.38.

Devon Energy (NYSE:DVN – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). Devon Energy had a return on equity of 15.22% and a net margin of 13.71%.The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The firm’s revenue was down 14.5% compared to the same quarter last year. As a group, research analysts forecast that Devon Energy Corporation will post 4.41 EPS for the current fiscal year.

Devon Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.32 dividend. This is an increase from Devon Energy’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, June 15th. Devon Energy’s payout ratio is presently 26.74%.

Insider Buying and Selling

In related news, EVP Jeffrey L. Ritenour sold 70,029 shares of Devon Energy stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $46.66, for a total value of $3,267,553.14. Following the completion of the transaction, the executive vice president owned 428,452 shares in the company, valued at $19,991,570.32. The trade was a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Adam M. Vela sold 24,342 shares of Devon Energy stock in a transaction that occurred on 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 completion of the transaction, the senior vice president owned 130,540 shares of the company’s stock, valued at $6,162,793.40. This represents a 15.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.58% of the stock is owned by insiders.

Trending Headlines about Devon Energy

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

Positive Sentiment: J.P. Morgan reinstated coverage on Devon Energy with an Overweight rating and a $62 price target, signaling analyst confidence in the stock’s upside potential. Devon Energy moved to Overweight at J.P. Morgan on ‘core of the core’ acreage
Positive Sentiment: Devon’s exchange offers for Coterra notes saw strong early tender participation, which may support the company’s restructuring and debt-management efforts. Devon Announces Results of Early Participation in Private Exchange Offers and Consent Solicitations and Extension of Deadline to Receive Total Exchange Consideration
Positive Sentiment: Investor discussion has turned optimistic around Devon’s capital-return strategy, including its share repurchase program and higher dividend after the Coterra merger. Devon Energy Reshapes Portfolio And Capital Returns After Coterra Merger
Neutral Sentiment: Energy stocks were broadly firmer in premarket trading, providing a supportive sector backdrop for Devon Energy. Sector Update: Energy Stocks Advance Premarket Monday
Neutral Sentiment: One insider sale was disclosed in recent months, but this appears secondary to the larger analyst and corporate-action catalysts. Devon Energy Stock (DVN) Opinions on Analyst Coverage Reinstatement

Wall Street Analyst Weigh In

Several research analysts have recently commented on DVN shares. Raymond James Financial raised shares of Devon Energy from an “outperform” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, May 5th. Roth Mkm reissued a “buy” rating and issued a $57.00 price objective on shares of Devon Energy in a research note on Tuesday, April 28th. Citigroup raised their price objective on shares of Devon Energy from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Zacks Research lowered shares of Devon Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, BMO Capital Markets raised their price objective on shares of Devon Energy from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Devon Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.67.

Get Our Latest Stock Report on Devon Energy

Devon Energy Company Profile

(Free Report)

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.