Recent Research Analysts’ Ratings Updates for Devon Energy (DVN)

Devon Energy (NYSE: DVN) has recently received a number of price target changes and ratings updates:

• 8/17/2026 – Devon Energy had its price target lowered by Barclays PLC from $62.00 to $58.00. They now have an “overweight” rating on the stock.
• 8/17/2026 – Devon Energy had its “buy” rating reaffirmed by Argus. They now have a $45.85 price target on the stock.
• 8/15/2026 – Devon Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 8/13/2026 – Devon Energy had its price target lowered by Wells Fargo & Company from $68.00 to $65.00. They now have an “overweight” rating on the stock.
• 8/11/2026 – Devon Energy was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 8/6/2026 – Devon Energy had its price target raised by Truist Financial Corporation from $61.00 to $65.00. They now have a “buy” rating on the stock.
• 7/21/2026 – Devon Energy had its price target raised by Susquehanna from $57.00 to $63.00. They now have a “positive” rating on the stock.
• 7/16/2026 – Devon Energy had its price target lowered by Raymond James Financial, Inc. from $66.00 to $64.00. They now have a “strong-buy” rating on the stock.
• 7/15/2026 – Devon Energy had its price target lowered by UBS Group AG from $58.00 to $54.00. They now have a “buy” rating on the stock.
• 7/9/2026 – Devon Energy had its price target lowered by Truist Financial Corporation from $66.00 to $61.00. They now have a “buy” rating on the stock.
• 7/8/2026 – Devon Energy had its price target lowered by JPMorgan Chase & Co. from $62.00 to $55.00. They now have an “overweight” rating on the stock.
• 6/30/2026 – Devon Energy had its price target lowered by The Goldman Sachs Group, Inc. from $54.00 to $53.00. They now have a “buy” rating on the stock.

Devon Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.32 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. Devon Energy’s payout ratio is currently 30.40%.

Insider Buying and Selling at Devon Energy

In other news, SVP Andrea Alexander sold 18,000 shares of the 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 directly owned 138,529 shares of the company’s stock, valued at approximately $6,474,845.46. This represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.58% of the company’s stock.

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.