Markowski Investments acquired a new stake in Devon Energy Corporation (NYSE:DVN – Free Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 10,891 shares of the energy company’s stock, valued at approximately $450,000.
Several other hedge funds and other institutional investors have also modified their holdings of DVN. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Devon Energy during the 4th quarter worth about $25,000. JFS Wealth Advisors LLC lifted 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 valued at $28,000 after buying an additional 245 shares during the period. Parvin Asset Management LLC acquired a new stake in Devon Energy during the second quarter worth about $28,000. MV Capital Management Inc. acquired a new stake in Devon Energy during the fourth quarter worth about $29,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in Devon Energy during the second quarter worth about $29,000. Institutional investors and hedge funds 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: Seaport Global upgraded Devon to Buy, citing the company’s strong second-quarter 2026 results and continued operating potential. The company reported adjusted EPS of $1.57, above the $1.40 consensus estimate, while revenue of $7.42 billion significantly exceeded expectations and rose 73.1% year over year. Devon Energy stock gains on Seaport Global buy rating and strong Q2 2026 earnings
- Positive Sentiment: Options activity signals increased bullish interest. Traders purchased 47,557 Devon call options, approximately 21% above typical call volume. While options activity is not a fundamental indicator, the elevated call buying may support near-term momentum and suggests some traders are positioning for further gains.
- Positive Sentiment: Goldman Sachs continues to view Devon as an attractive energy dividend opportunity. Goldman highlighted Devon alongside other energy dividend stocks that may still offer upside despite the sector’s strong rally. Brent crude above $95 per barrel and continued strength in the energy sector provide a supportive backdrop for Devon’s oil and gas earnings and shareholder returns. Goldman’s Energy Dividend Picks: Why Devon and HF Sinclair Still Offer Upside
- Neutral Sentiment: Post-earnings momentum remains a focus for investors. Devon is up 16.5% since its latest earnings release, prompting analysis of whether earnings estimates can support additional gains. Its relatively low valuation, including a price-to-earnings ratio near 11, supports the value case, but the stock’s proximity to its 12-month high may limit immediate upside. Devon Energy up 16.5% since last earnings report
Devon Energy Stock Down 1.5%
Devon Energy (NYSE:DVN – Get Free Report) last issued its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.17. The business had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $6.01 billion. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.Devon Energy’s quarterly revenue was up 73.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. Equities analysts forecast that Devon Energy Corporation will post 5.24 earnings per share for the current fiscal year.
Devon Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Devon Energy’s dividend payout ratio is 30.40%.
Insiders Place Their Bets
In other Devon Energy news, SVP Andrea Alexander sold 18,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $46.74, for a total transaction of $841,320.00. Following the completion of the transaction, the senior vice president directly owned 138,529 shares in the company, valued at $6,474,845.46. This represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.58% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of brokerages have commented on DVN. Argus reiterated a “buy” rating and issued a $45.85 price objective on shares of Devon Energy in a research report on Monday, August 17th. Capital One Financial cut their target price on Devon Energy from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, June 2nd. Wells Fargo & Company reduced their target price on Devon Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, August 13th. Mizuho lifted their price target on shares of Devon Energy from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group boosted their price target on shares of Devon Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Devon Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.23.
View Our Latest Stock Report on Devon Energy
About Devon Energy
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.
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