Devon Energy Corporation $DVN Shares Acquired by Merit Financial Group LLC

Posted by Brenda Bartman on Aug 15th, 2026

Merit Financial Group LLC increased its holdings in Devon Energy Corporation (NYSE:DVN – Free Report) by 80.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,418 shares of the energy company’s stock after buying an additional 51,291 shares during the quarter. Merit Financial Group LLC’s holdings in Devon Energy were worth $4,769,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Devon Energy during the 4th quarter valued at $25,000. JFS Wealth Advisors LLC grew its stake in shares of Devon Energy by 56.6% in the second quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company’s stock worth $28,000 after purchasing an additional 245 shares in the last quarter. MV Capital Management Inc. acquired a new position in shares of Devon Energy during the fourth quarter valued at $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Devon Energy during the second quarter valued at $29,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Devon Energy during the fourth quarter valued at about $29,000. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Devon Energy Trading Up 3.2%

Shares of DVN stock opened at $45.83 on Friday. The stock has a 50-day simple moving average of $43.40 and a 200 day simple moving average of $45.14. The stock has a market capitalization of $50.41 billion, a P/E ratio of 10.89 and a beta of 0.38. Devon Energy Corporation has a fifty-two week low of $31.47 and a fifty-two week high of $52.71. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.24.

Devon Energy (NYSE:DVN – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.40 by $0.17. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The firm had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $6.01 billion. During the same period in the previous year, the business earned $0.84 earnings per share. Devon Energy’s revenue for the quarter was up 73.1% compared to the same quarter last year. On average, sell-side analysts expect that Devon Energy Corporation will post 4.99 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. Devon Energy’s payout ratio is currently 30.40%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DVN. Jefferies Financial Group upped their price objective on shares of Devon Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Citigroup boosted their price target on shares of Devon Energy from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Wolfe Research set a $67.00 price target on shares of Devon Energy and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Weiss Ratings upgraded shares of Devon Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Wells Fargo & Company lowered their price objective on shares of Devon Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Devon Energy currently has an average rating of “Moderate Buy” and an average price target of $59.60.

Get Our Latest Analysis on Devon Energy

Insider Activity

In related news, SVP Andrea Alexander sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total value of $841,320.00. Following the sale, the senior vice president directly owned 138,529 shares in the company, valued at $6,474,845.46. The trade was a 11.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.58% of the stock is owned by corporate insiders.

About Devon Energy

(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.