HUB Investment Partners LLC Sells 16,913 Shares of Devon Energy Corporation $DVN

HUB Investment Partners LLC cut its holdings in Devon Energy Corporation (NYSE:DVN) by 35.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,134 shares of the energy company’s stock after selling 16,913 shares during the period. HUB Investment Partners LLC’s holdings in Devon Energy were worth $1,057,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. PFS Partners LLC bought a new stake in shares of Devon Energy during the 3rd quarter worth $25,000. First Horizon Corp bought a new position in Devon Energy in the 3rd quarter worth approximately $26,000. Caldwell Trust Co purchased a new stake in shares of Devon Energy during the second quarter worth $25,000. Accredited Wealth Management LLC boosted its holdings in shares of Devon Energy by 61.6% in the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after acquiring an additional 308 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in Devon Energy during the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 69.72% of the company’s stock.

More Devon Energy News

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

• Positive Sentiment: Planned all‑stock merger with Coterra would create one of the largest U.S. shale producers, promising multi‑basin scale and meaningful operating/cost synergies that support long‑term revenue and cash‑flow upside. Devon And Coterra Merger Reshapes Shale Outlook As Oil Prices Shift
• Positive Sentiment: Several brokers raised ratings/targets (UBS to $55 buy; Piper Sandler to $59 overweight), signaling analyst confidence in upside from cost cuts, multi‑basin assets and the merger. These upgrades tend to support higher share valuations. Benzinga Coverage
• Positive Sentiment: Devon has outperformed peers and the S&P over the past six months (roughly +29%), driven by operational improvements and merger expectations — momentum that attracts both value and momentum investors. DVN Outperforms Industry in the Past 6 Months: How to Play the Stock?
• Positive Sentiment: Recent bullish research pieces highlight near‑term tailwinds and argue the combined Devon/Coterra entity is undervalued vs. peers, reinforcing buy-side interest ahead of merger execution. Devon Energy: Q1 2026 Tailwinds And Merger Synergy Discussed – Reiterate Buy
• Neutral Sentiment: Coverage notes Devon’s stronger position in the NYSE Composite energy sector — a descriptive market‑weight update that underlines visibility but is not an immediate catalyst. Devon Energy (NYSE:DVN) Strengthens Position In NYSE Composite Energy Sector
• Neutral Sentiment: Sector commentary (If oil rises sharply) points to outsized upside for large E&P names like Devon, a macro tailwind that supports longer‑dated bullish cases but depends on oil price trajectory. Forget Tech Stocks. If Oil Goes to $100 These Energy Plays Are Unstoppable
• Negative Sentiment: Zacks reduced near‑term EPS forecasts (Q1/Q2) for Devon, introducing downside risk to short‑term expectations; earnings revisions like this can cap multiple expansion even as strategic positives remain. Devon Energy Q1 EPS Forecast Decreased by Zacks Research

Devon Energy Stock Down 0.0%

Shares of Devon Energy stock opened at $44.51 on Friday. The company’s 50 day moving average price is $40.44 and its 200-day moving average price is $36.88. Devon Energy Corporation has a 52-week low of $25.89 and a 52-week high of $46.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.98. The stock has a market capitalization of $27.60 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 4.43 and a beta of 0.56.

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

Devon Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.96 annualized dividend and a yield of 2.2%. Devon Energy’s payout ratio is 23.02%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Raymond James Financial boosted their price objective on shares of Devon Energy from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. cut their price objective on Devon Energy from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Capital One Financial dropped their target price on shares of Devon Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Sanford C. Bernstein lowered their price objective on shares of Devon Energy from $48.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, Susquehanna upped their target price on shares of Devon Energy from $47.00 to $52.00 and gave the stock a “positive” rating in a research report on Friday, February 20th. Twenty-three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $48.00.

Devon Energy Company Profile

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.