Devon Energy Corporation $DVN Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,914,632 shares of the energy company’s stock after selling 55,668 shares during the period. Voya Investment Management LLC owned about 0.30% of Devon Energy worth $67,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DVN. Opal Wealth Advisors LLC acquired a new position in shares of Devon Energy in the 2nd quarter valued at about $25,000. Caldwell Trust Co purchased a new position in Devon Energy during the second quarter valued at approximately $25,000. Trust Co. of Vermont lifted its holdings in Devon Energy by 241.3% in the second quarter. Trust Co. of Vermont now owns 942 shares of the energy company’s stock valued at $30,000 after acquiring an additional 666 shares during the period. FNY Investment Advisers LLC purchased a new stake in Devon Energy in the 2nd quarter worth approximately $34,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Devon Energy during the 2nd quarter worth approximately $34,000. 69.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DVN. Susquehanna boosted their target price on shares of Devon Energy from $40.00 to $42.00 and gave the company a “positive” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Devon Energy in a research note on Monday. Evercore ISI raised their target price on Devon Energy from $34.00 to $37.00 and gave the company an “in-line” rating in a research report on Monday, October 6th. Mizuho upped their price target on Devon Energy from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, JPMorgan Chase & Co. raised Devon Energy from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $49.00 to $44.00 in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.86.

Devon Energy Stock Performance

NYSE:DVN opened at $35.87 on Friday. The company has a market cap of $22.50 billion, a P/E ratio of 8.44, a P/E/G ratio of 2.71 and a beta of 0.62. The company’s 50-day moving average price is $34.81 and its 200-day moving average price is $34.22. Devon Energy Corporation has a twelve month low of $25.89 and a twelve month high of $38.88. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48.

Devon Energy (NYSE:DVN) last posted its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.The firm had revenue of $0.00 million during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter last year, the firm earned $1.10 earnings per share. On average, sell-side analysts forecast that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, December 15th. Devon Energy’s dividend payout ratio (DPR) is presently 22.59%.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Citigroup reiterated a Buy on Devon, reinforcing institutional confidence in the company’s cash-generation and capital-return profile; that vote of confidence likely supported the stock’s uptick. Article Title
• Positive Sentiment: Zacks Research raised near-term estimates: small upward revisions to Q4 2025 and Q1 2026 EPS and a slight lift to FY2025 forecast (now reflected in its model), signaling modestly improved short-term earnings momentum. Article Title
• Neutral Sentiment: Zacks also boosted Q1 2027 estimates (small increase), showing mixed adjustments across periods — near-term upgrades balanced by later-year revisions, so immediate impact is limited. Article Title
• Negative Sentiment: Offsetting the positives, Zacks trimmed several 2027 estimates (Q2 and Q3 cuts and a modest reduction to FY2027), which could weigh on longer-term earnings expectations and cap upside if the trend continues. Article Title

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.