Devon Energy Corporation $DVN Shares Sold by Thrivent Financial for Lutherans

Posted by Brian Himes on May 15th, 2026

Thrivent Financial for Lutherans reduced its position in shares of Devon Energy Corporation (NYSE:DVN – Free Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,669,486 shares of the energy company’s stock after selling 42,704 shares during the period. Thrivent Financial for Lutherans’ holdings in Devon Energy were worth $171,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DVN. Catalyst Financial Partners LLC raised its holdings in Devon Energy by 3.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,712 shares of the energy company’s stock valued at $246,000 after buying an additional 254 shares during the period. Aprio Wealth Management LLC lifted its position in Devon Energy by 4.1% in the third quarter. Aprio Wealth Management LLC now owns 7,521 shares of the energy company’s stock valued at $264,000 after buying an additional 297 shares during the last quarter. Accredited Wealth Management LLC lifted its position in Devon Energy by 61.6% in the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock valued at $28,000 after buying an additional 308 shares during the last quarter. Lindenwold Advisors INC lifted its position in Devon Energy by 1.2% in the third quarter. Lindenwold Advisors INC now owns 27,094 shares of the energy company’s stock valued at $950,000 after buying an additional 314 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in Devon Energy by 2.6% in the third quarter. OneDigital Investment Advisors LLC now owns 12,620 shares of the energy company’s stock valued at $442,000 after buying an additional 318 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Devon Energy Stock Up 0.7%

Shares of NYSE:DVN opened at $47.25 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.01 and a quick ratio of 0.94. The firm has a market capitalization of $29.36 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.75 and a beta of 0.43. The firm’s 50-day moving average is $47.63 and its two-hundred day moving average is $41.32. Devon Energy Corporation has a 1 year low of $30.24 and a 1 year high of $52.71.

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). The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Devon Energy had a return on equity of 15.22% and a net margin of 13.71%.The firm’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. Analysts predict that Devon Energy Corporation will post 5.39 EPS for the current year.

Devon Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. This is a boost from Devon Energy’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 15th. Devon Energy’s payout ratio is currently 26.74%.

Wall Street Analyst Weigh In

DVN has been the topic of a number of recent analyst reports. Piper Sandler upped their target price on shares of Devon Energy from $59.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. TD Cowen upped their target price on shares of Devon Energy from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Tuesday, March 17th. Siebert Williams Shank upped their target price on shares of Devon Energy from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 26th. UBS Group decreased their target price on shares of Devon Energy from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Scotiabank upped their target price on shares of Devon Energy from $41.00 to $46.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $55.78.

Read Our Latest Report on Devon Energy

Insider Transactions at Devon Energy

In other Devon Energy news, EVP Jeffrey L. Ritenour sold 70,029 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 428,452 shares in the company, valued at $19,991,570.32. This represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is owned by company insiders.

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.