Northwestern Mutual Wealth Management Co. Takes $1.74 Million Position in Devon Energy Corporation $DVN

Posted by Brenda Bartman on Aug 25th, 2026

Northwestern Mutual Wealth Management Co. acquired a new stake in Devon Energy Corporation (NYSE:DVN – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 42,179 shares of the energy company’s stock, valued at approximately $1,743,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DVN. Cadence Wealth Management LLC acquired a new stake in shares of Devon Energy in the 2nd quarter valued at approximately $917,000. Quantbot Technologies LP bought a new stake in Devon Energy in the second quarter valued at approximately $168,000. Evolve Private Wealth LLC acquired a new stake in Devon Energy in the second quarter worth $731,000. Varma Mutual Pension Insurance Co acquired a new stake in Devon Energy in the second quarter worth $12,801,000. Finally, Sumitomo Life Insurance Co. bought a new position in shares of Devon Energy during the second quarter worth $616,000. Institutional investors own 69.72% of the company’s stock.

Insider Activity at Devon Energy

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

Analysts Set New Price Targets

A number of research firms recently commented on DVN. Evercore upgraded shares of Devon Energy from an “in-line” rating to an “outperform” rating and set a $54.00 price objective for the company in a research report on Wednesday, June 10th. Roth Capital reissued a “buy” rating and issued a $57.00 target price on shares of Devon Energy in a research note on Tuesday, April 28th. Truist Financial increased their price target on Devon Energy from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. dropped their target price on shares of Devon Energy from $62.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Finally, Susquehanna lifted their price target on Devon Energy from $57.00 to $63.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.15.

View Our Latest Report on DVN

Devon Energy Stock Down 1.8%

Shares of DVN stock opened at $48.22 on Tuesday. Devon Energy Corporation has a 52-week low of $31.47 and a 52-week high of $52.71. The stock has a market cap of $53.05 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.35 and a beta of 0.38. The firm’s 50-day moving average is $43.82 and its 200-day moving average is $45.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72.

Devon Energy (NYSE:DVN – Get Free Report) last issued its 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 return on equity of 14.93% and a net margin of 16.67%.The company had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the previous year, the company posted $0.84 EPS. The firm’s revenue for the quarter was up 73.1% compared to the same quarter last year. Sell-side analysts predict that Devon Energy Corporation will post 5.2 EPS for the current year.

Devon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Devon Energy’s payout ratio is currently 30.40%.

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.