Impala Asset Management LLC Takes $3.72 Million Position in Devon Energy Corporation $DVN

Posted by Brian Himes on Aug 28th, 2026

Impala Asset Management LLC acquired a new stake in shares of Devon Energy Corporation (NYSE:DVN – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 90,000 shares of the energy company’s stock, valued at approximately $3,719,000. Devon Energy makes up approximately 2.1% of Impala Asset Management LLC’s portfolio, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in Devon Energy by 57.6% in the 2nd quarter. BlackRock Inc. now owns 95,378,854 shares of the energy company’s stock valued at $3,941,054,000 after purchasing an additional 34,871,366 shares during the period. State Street Corp increased its holdings in shares of Devon Energy by 0.6% in the fourth quarter. State Street Corp now owns 35,542,293 shares of the energy company’s stock worth $1,301,914,000 after purchasing an additional 212,074 shares during the period. Geode Capital Management LLC raised its position in shares of Devon Energy by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 19,177,835 shares of the energy company’s stock worth $700,238,000 after buying an additional 186,743 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Devon Energy by 17.5% in the fourth quarter. Victory Capital Management Inc. now owns 13,916,979 shares of the energy company’s stock worth $509,779,000 after buying an additional 2,071,021 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Devon Energy in the second quarter worth $421,226,000. Institutional investors own 69.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on DVN shares. Truist Financial boosted their target price on Devon Energy from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Citigroup raised their price target on Devon Energy from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Devon Energy in a research report on Wednesday, June 10th. Mizuho boosted their price objective on Devon Energy from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley decreased their price objective on shares of Devon Energy from $66.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.15.

Get Our Latest Stock Report on Devon Energy

Insiders Place Their Bets

In related news, SVP Andrea Alexander sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $46.74, for a total value of $841,320.00. Following the completion of the sale, the senior vice president owned 138,529 shares in the company, valued at $6,474,845.46. The trade was a 11.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.58% of the stock is owned by insiders.

Devon Energy Stock Up 0.7%

DVN opened at $47.16 on Friday. The business’s fifty day simple moving average is $44.09 and its 200 day simple moving average is $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. The stock has a market cap of $51.88 billion, a PE ratio of 11.20, a P/E/G ratio of 1.29 and a beta of 0.38.

Devon Energy (NYSE:DVN – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share (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 firm had revenue of $7.42 billion during the quarter, compared to analyst estimates of $6.01 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue was up 73.1% compared to the same quarter last year. As a group, research analysts expect that Devon Energy Corporation will post 5.2 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Devon Energy’s dividend payout ratio (DPR) 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.