VIRGINIA RETIREMENT SYSTEMS ET Al Sells 82,400 Shares of Devon Energy Corporation $DVN

Posted by Francis Steltz on Oct 31st, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its holdings in Devon Energy Corporation (NYSE:DVN – Free Report) by 10.2% during the third quarter, HoldingsChannel.com reports. The fund owned 728,450 shares of the energy company’s stock after selling 82,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Devon Energy were worth $33,538,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sigma Planning Corp lifted its stake in Devon Energy by 3.5% during the second quarter. Sigma Planning Corp now owns 6,902 shares of the energy company’s stock worth $285,000 after purchasing an additional 233 shares during the period. Retirement Planning Group LLC raised its holdings in shares of Devon Energy by 4.5% in the 2nd quarter. Retirement Planning Group LLC now owns 5,647 shares of the energy company’s stock worth $233,000 after buying an additional 243 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Devon Energy by 56.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company’s stock worth $28,000 after buying an additional 245 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Devon Energy by 32.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,062 shares of the energy company’s stock worth $49,000 after buying an additional 260 shares in the last quarter. Finally, Titleist Asset Management LLC lifted its position in shares of Devon Energy by 5.7% during the 3rd quarter. Titleist Asset Management LLC now owns 5,556 shares of the energy company’s stock worth $256,000 after buying an additional 298 shares during the period. Institutional investors and hedge funds own 69.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Robert Ferrall Lowe III sold 6,756 shares of Devon Energy stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $50.95, for a total value of $344,218.20. Following the completion of the transaction, the executive vice president directly owned 72,720 shares of the company’s stock, valued at $3,705,084. The trade was a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Clay Gaspar purchased 3,913 shares of Devon Energy stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price of $51.08 per share, for a total transaction of $199,876.04. Following the transaction, the chief executive officer owned 619,152 shares in the company, valued at $31,626,284.16. This represents a 0.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 4.58% of the company’s stock.

Analyst Ratings Changes

DVN has been the topic of a number of analyst reports. Susquehanna upped their price target on Devon Energy from $57.00 to $63.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. BMO Capital Markets reissued an “outperform” rating and set a $67.00 price objective on shares of Devon Energy in a report on Tuesday, October 6th. Argus restated a “buy” rating and issued a $45.85 target price on shares of Devon Energy in a research note on Monday, August 17th. Stifel Nicolaus initiated coverage on shares of Devon Energy in a report on Thursday, September 10th. They issued a “buy” rating and a $61.00 target price on the stock. Finally, Barclays increased their target price on shares of Devon Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Devon Energy currently has an average rating of “Moderate Buy” and a consensus price target of $60.72.

View Our Latest Analysis on Devon Energy

Devon Energy Stock Up 2.0%

NYSE DVN opened at $52.21 on Friday. The firm has a market cap of $57.43 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 1.33 and a beta of 0.49. Devon Energy Corporation has a one year low of $31.91 and a one year high of $52.71. The stock’s 50 day simple moving average is $48.90 and its 200 day simple moving average is $45.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67.

Devon Energy (NYSE:DVN – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.17. The firm had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%. The business’s revenue for the quarter was up 73.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. As a group, sell-side analysts forecast that Devon Energy Corporation will post 5.49 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.32 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. Devon Energy’s dividend payout ratio (DPR) is 30.40%.

About Devon Energy

(Free Report)

Devon Energy Corporation (NYSE:DVN) is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company focuses on onshore operations in the United States and markets the hydrocarbons produced from its assets to customers across the energy sector.

Devon’s portfolio has historically included major U.S. resource plays such as the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.