NEOS Investment Management LLC Has $3.08 Million Position in Devon Energy Corporation $DVN

NEOS Investment Management LLC boosted its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 51.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,964 shares of the energy company’s stock after acquiring an additional 29,824 shares during the quarter. NEOS Investment Management LLC’s holdings in Devon Energy were worth $3,084,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DVN. ORG Partners LLC increased its stake in shares of Devon Energy by 65.7% during the 3rd quarter. ORG Partners LLC now owns 888 shares of the energy company’s stock worth $31,000 after purchasing an additional 352 shares during the last quarter. Guidance Capital Inc. boosted its holdings in Devon Energy by 5.2% in the third quarter. Guidance Capital Inc. now owns 7,425 shares of the energy company’s stock worth $245,000 after purchasing an additional 370 shares in the last quarter. MAI Capital Management boosted its holdings in Devon Energy by 2.3% in the second quarter. MAI Capital Management now owns 17,647 shares of the energy company’s stock worth $561,000 after purchasing an additional 395 shares in the last quarter. IHT Wealth Management LLC increased its position in Devon Energy by 1.6% during the second quarter. IHT Wealth Management LLC now owns 24,904 shares of the energy company’s stock worth $792,000 after buying an additional 399 shares during the last quarter. Finally, M.E. Allison & CO. Inc. raised its stake in shares of Devon Energy by 6.0% in the 3rd quarter. M.E. Allison & CO. Inc. now owns 7,063 shares of the energy company’s stock valued at $248,000 after acquiring an additional 400 shares in the last quarter. 69.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on DVN shares. Citigroup increased their price target on Devon Energy from $43.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Sanford C. Bernstein decreased their price target on shares of Devon Energy from $48.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, January 5th. UBS Group set a $50.00 price target on Devon Energy in a research report on Wednesday, February 4th. The Goldman Sachs Group lifted their price objective on Devon Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Scotiabank boosted their price objective on Devon Energy from $41.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.81.

Key Devon Energy News

Here are the key news stories impacting Devon Energy this week:

• Positive Sentiment: Q4 results beat expectations — EPS came in roughly $0.82 and revenue/production topped estimates, with costs down; the result and accompanying commentary emphasized strong cash flow generation. Devon Q4 Earnings & Revenues Beat Estimates, Production Increases
• Positive Sentiment: All-stock merger with Coterra announced — management frames the deal as reshaping Devon’s shale scale and return profile, which could boost operational scale and free cash flow per share over time. Devon Energy Coterra All Stock Merger Reshapes Shale Scale And Returns
• Positive Sentiment: Dividend increased — company announced a meaningful raise to its dividend (reported ~31% to $0.315/share), supporting yield and shareholder return narrative. Income-focused investors will view this favorably. Devon Energy raises dividend by 31% to $0.315 per share
• Positive Sentiment: Analyst upgrade/price-target lift — Wolfe Research raised its price target to $58 and maintained an outperform rating, signaling upside potential from current levels. Wolfe Research adjusts price target on Devon Energy to $58 from $57, maintains outperform rating
• Positive Sentiment: Earnings call flagged a “cash-rich” outlook — management emphasized strong free-cash-flow potential and capital allocation flexibility (supports buybacks/dividends or M&A tailwinds). Devon Energy Earnings Call Flags Cash-Rich Future
• Neutral Sentiment: Analyst opinions remain mixed overall — while some firms rate DVN a buy, coverage shows varying views on valuation and the merger/strategy impact, so sentiment isn’t unanimous. Wall Street Analysts See Devon Energy (DVN) as a Buy: Should You Invest? Analysts Conflicted on These Energy Names: Devon Energy (DVN) and Select Energy Services (WTTR)
• Negative Sentiment: New AI/technology risk disclosure — Devon disclosed increased use of AI and emerging tech, flagging heightened regulatory, cybersecurity and performance risks that could create operational or compliance exposure. Devon Energy’s AI Push Brings Efficiency Hopes but Heightened Regulatory, Cybersecurity and Performance Risks

Devon Energy Stock Up 0.6%

DVN stock opened at $44.69 on Friday. Devon Energy Corporation has a twelve month low of $25.89 and a twelve month high of $46.15. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. The company has a market cap of $28.04 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 4.04 and a beta of 0.61. The business’s 50-day simple moving average is $38.78 and its 200 day simple moving average is $36.03.

Devon Energy (NYSE:DVN) last announced its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The company had revenue of $17.19 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the company earned $1.10 EPS. The company’s quarterly revenue was down 6.4% on a year-over-year basis. On average, research analysts anticipate that Devon Energy Corporation will post 4.85 earnings per share for the current year.

Devon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 13th. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. Devon Energy’s payout ratio is currently 23.02%.

About Devon Energy

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.