Devon Energy (NYSE:DVN) Stock Gets Price Target Trim from Morgan Stanley

Posted by Francis Steltz on Nov 12th, 2026

Devon Energy (NYSE:DVN – Free Report) had its price target lowered by Morgan Stanley from $65.00 to $64.00 in a research report released on Monday,Benzinga reports. The firm currently has an overweight rating on the energy company’s stock.

A number of other research firms have also recently issued reports on DVN. UBS Group increased their price target on Devon Energy from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. JPMorgan Chase & Co. lifted their price objective on shares of Devon Energy from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, October 2nd. Scotiabank began coverage on shares of Devon Energy in a research report on Wednesday, October 14th. They set a “sector outperform” rating and a $61.00 target price on the stock. Stifel Nicolaus began coverage on shares of Devon Energy in a research note on Thursday, September 10th. They set a “buy” rating and a $61.00 target price on the stock. Finally, Argus reissued a “buy” rating and set a $45.85 target price on shares of Devon Energy in a research note on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Devon Energy currently has an average rating of “Moderate Buy” and an average target price of $60.49.

View Our Latest Research Report on DVN

Devon Energy Stock Performance

Shares of Devon Energy stock opened at $44.95 on Monday. The business has a 50-day moving average price of $48.36 and a two-hundred day moving average price of $46.12. Devon Energy has a 1-year low of $34.23 and a 1-year high of $52.71. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The company has a market cap of $51.24 billion, a P/E ratio of 11.24, a PEG ratio of 1.11 and a beta of 0.43.

Devon Energy (NYSE:DVN – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The energy company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Devon Energy had a return on equity of 14.86% and a net margin of 16.22%. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same period in the previous year, the business earned $1.04 EPS. The firm’s revenue was up 66.5% compared to the same quarter last year. As a group, analysts anticipate that Devon Energy will post 5.57 EPS for the current year.

Devon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, December 15th. Devon Energy’s dividend payout ratio (DPR) is currently 32.00%.

Insider Buying and Selling at Devon Energy

In other Devon Energy news, EVP Robert Ferrall Lowe III sold 6,756 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $50.95, for a total transaction of $344,218.20. Following the completion of the sale, the executive vice president owned 72,720 shares in the company, valued at approximately $3,705,084. The trade was a 8.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Clay Gaspar purchased 3,913 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were acquired at an average price of $51.08 per share, with a total value of $199,876.04. Following the purchase, the chief executive officer directly owned 619,152 shares in the company, valued at $31,626,284.16. This represents a 0.64% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 4.58% of the company’s stock.

Institutional Investors Weigh In On Devon Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. purchased a new position in shares of Devon Energy during the third quarter valued at approximately $238,000. Private Wealth Asset Management LLC raised its position in Devon Energy by 1,066.5% in the 3rd quarter. Private Wealth Asset Management LLC now owns 117,667 shares of the energy company’s stock valued at $4,967,000 after buying an additional 107,580 shares during the last quarter. Westpac Banking Corp purchased a new stake in Devon Energy in the 3rd quarter valued at $72,000. Hartford Funds Management Co LLC lifted its stake in Devon Energy by 85.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 50,278 shares of the energy company’s stock valued at $2,315,000 after acquiring an additional 23,167 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Devon Energy by 54.3% during the 3rd quarter. Ieq Capital LLC now owns 612,953 shares of the energy company’s stock valued at $28,220,000 after acquiring an additional 215,718 shares in the last quarter. 69.72% of the stock is owned by institutional investors.

Devon Energy Company Profile

(Get Free Report)

Devon Energy Corporation is an independent energy company focused on exploring for and producing oil, natural gas and natural gas liquids. Its activities include developing and operating producing properties and managing the infrastructure needed to bring its products to market. Founded in 1971, Devon is headquartered in Oklahoma City. Its operations are concentrated in U.S. onshore basins, including the Delaware Basin, Eagle Ford, Anadarko, Williston and Powder River basins. The company’s portfolio has evolved through acquisitions and asset sales over its history.