Mcguire Capital Advisors Inc. Takes $745,000 Position in Devon Energy Corporation $DVN

Mcguire Capital Advisors Inc. purchased a new position in shares of Devon Energy Corporation (NYSE:DVN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,326 shares of the energy company’s stock, valued at approximately $745,000.

Several other hedge funds have also made changes to their positions in the stock. Wedge Capital Management L L P NC bought a new stake in Devon Energy in the 4th quarter valued at about $9,931,000. Investors Research Corp increased its stake in shares of Devon Energy by 13,787.5% in the fourth quarter. Investors Research Corp now owns 27,775 shares of the energy company’s stock valued at $1,017,000 after purchasing an additional 27,575 shares during the period. Philip James Wealth Mangement LLC increased its stake in shares of Devon Energy by 43.8% in the fourth quarter. Philip James Wealth Mangement LLC now owns 161,368 shares of the energy company’s stock valued at $5,911,000 after purchasing an additional 49,115 shares during the period. Morningstar Investment Management LLC bought a new stake in shares of Devon Energy during the fourth quarter valued at approximately $2,089,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Devon Energy by 5.0% during the third quarter. Victory Capital Management Inc. now owns 11,845,958 shares of the energy company’s stock valued at $415,319,000 after buying an additional 560,652 shares during the last quarter. Institutional investors own 69.72% of the company’s stock.

Insider Activity at Devon Energy

In other Devon Energy news, EVP Jeffrey L. Ritenour sold 70,029 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.66, for a total value of $3,267,553.14. Following the sale, the executive vice president directly owned 428,452 shares in the company, valued at approximately $19,991,570.32. The trade was a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $841,320.00. Following the completion of the sale, the senior vice president directly owned 138,529 shares of the company’s stock, valued at $6,474,845.46. The trade was a 11.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 112,371 shares of company stock valued at $5,258,059 over the last 90 days. 4.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DVN shares. Raymond James Financial decreased their price objective on Devon Energy from $72.00 to $66.00 and set a “strong-buy” rating for the company in a report on Monday. Tudor Pickering raised Devon Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Zacks Research lowered Devon Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Wells Fargo & Company increased their price target on Devon Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Wolfe Research raised their price target on Devon Energy from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Devon Energy presently has a consensus rating of “Moderate Buy” and an average target price of $58.44.

Key Devon Energy News

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

• Positive Sentiment: Several recent articles highlight Devon’s diversified multi-basin shale portfolio, disciplined capital allocation, and resilient cash flow, which could support long-term production growth and continued shareholder returns through dividends and buybacks. Can Devon’s Multi-Basin Assets Sustain Growth for Years to Come?
• Positive Sentiment: Devon’s newly outlined 2026 production roadmap after the Coterra merger emphasizes high-return assets, especially the Permian Basin, while reaffirming its focus on shareholder returns. Devon’s Multi-Basin Assets Sustain Growth for Years to Come?
• Neutral Sentiment: Devon said CEO Clay Gaspar will participate in a J.P. Morgan energy conference next week, which could provide additional commentary but is not a material event by itself. Devon Energy CEO Clay Gaspar to Participate in a Fireside Chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference
• Neutral Sentiment: Market commentary continues to discuss Devon’s valuation and sensitivity to oil prices, but these pieces are largely analytical rather than company-specific catalysts. Devon Energy: Lower Oil, Higher Earnings, Shares Near Key Support
• Negative Sentiment: TOMS Capital has reportedly built a major stake in Devon Energy (DVN) and is pushing for faster asset sales or even a sale of the company, adding uncertainty around strategy and future corporate actions. Activist TOMS Capital pushes US shale producer Devon to quicken asset sales or sell itself, sources say
• Negative Sentiment: Another report said Devon is facing increased activist pressure after its merger with Coterra, which may be contributing to the stock’s weakness as investors assess potential disruption. Devon Energy Under Pressure as Activist Investor Toms Capital Builds Major Stake

Devon Energy Price Performance

Shares of NYSE:DVN opened at $42.21 on Friday. The stock has a market cap of $26.23 billion, a price-to-earnings ratio of 11.76 and a beta of 0.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.01 and a quick ratio of 0.94. Devon Energy Corporation has a 12 month low of $31.45 and a 12 month high of $52.71. The stock’s 50 day moving average price is $46.49 and its 200 day moving average price is $43.32.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results on Tuesday, May 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). Devon Energy had a net margin of 13.71% and a return on equity of 15.22%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was down 14.5% compared to the same quarter last year. Equities research analysts anticipate that Devon Energy Corporation will post 4.97 earnings per share for the current fiscal year.

Devon Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.32 per share. This is an increase from Devon Energy’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Devon Energy’s dividend payout ratio (DPR) is 35.65%.

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.