Brasada Capital Management LP Buys New Shares in Devon Energy Corporation $DVN

Posted by Stanley Muller on Aug 28th, 2026

Brasada Capital Management LP purchased a new position in shares of Devon Energy Corporation (NYSE:DVN – Free Report) in the 2nd quarter, Holdings Channel reports. The firm purchased 12,530 shares of the energy company’s stock, valued at approximately $518,000.

Other large investors also recently bought and sold shares of the company. LSV Asset Management increased its position in Devon Energy by 79.6% during the 4th quarter. LSV Asset Management now owns 799,587 shares of the energy company’s stock worth $29,289,000 after purchasing an additional 354,500 shares in the last quarter. Morningstar Investment Management LLC acquired a new position in Devon Energy during the fourth quarter valued at approximately $2,089,000. Kimmeridge Energy Management Company LLC lifted its position in Devon Energy by 56.5% during the fourth quarter. Kimmeridge Energy Management Company LLC now owns 8,850,790 shares of the energy company’s stock valued at $324,204,000 after buying an additional 3,195,862 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in Devon Energy by 15.5% during the first quarter. Illinois Municipal Retirement Fund now owns 194,773 shares of the energy company’s stock valued at $9,801,000 after buying an additional 26,209 shares in the last quarter. Finally, NewEdge Wealth LLC grew its stake in Devon Energy by 20.0% during the first quarter. NewEdge Wealth LLC now owns 479,681 shares of the energy company’s stock worth $24,138,000 after buying an additional 80,000 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Insider Buying and Selling

In other Devon Energy news, SVP Andrea Alexander sold 18,000 shares of the company’s 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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Devon Energy from $62.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Susquehanna lifted their target price on shares of Devon Energy from $57.00 to $63.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Wall Street Zen raised shares of Devon Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Barclays lowered their price target on Devon Energy from $62.00 to $58.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Finally, Truist Financial raised their price objective on Devon Energy from $61.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Devon Energy currently has a consensus rating of “Moderate Buy” and an average price target of $59.15.

Read Our Latest Analysis on Devon Energy

Devon Energy Stock Up 0.7%

Shares of NYSE:DVN opened at $47.16 on Friday. The company has a market capitalization of $51.88 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 1.29 and a beta of 0.38. The company has a 50 day moving average of $44.09 and a two-hundred day moving average of $45.61. Devon Energy Corporation has a 52-week low of $31.47 and a 52-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 posted its earnings results on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.17. The business had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $6.01 billion. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The business’s revenue for the quarter was up 73.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 earnings per share. As a group, analysts forecast that Devon Energy Corporation will post 5.2 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The company 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. The ex-dividend date is Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. 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.