F&V Capital Management LLC Buys Shares of 188,428 Devon Energy Corporation $DVN

F&V Capital Management LLC acquired a new stake in shares of Devon Energy Corporation (NYSE:DVN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 188,428 shares of the energy company’s stock, valued at approximately $9,482,000. Devon Energy comprises about 2.0% of F&V Capital Management LLC’s portfolio, making the stock its 25th biggest holding.

Other large investors have also modified their holdings of the company. Woodline Partners LP raised its holdings in shares of Devon Energy by 98.8% during the first quarter. Woodline Partners LP now owns 115,780 shares of the energy company’s stock worth $4,330,000 after purchasing an additional 57,555 shares during the period. Sivia Capital Partners LLC acquired a new stake in Devon Energy during the second quarter worth about $403,000. Jump Financial LLC lifted its holdings in Devon Energy by 58.8% in the second quarter. Jump Financial LLC now owns 28,251 shares of the energy company’s stock worth $899,000 after acquiring an additional 10,464 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Devon Energy by 17.8% in the second quarter. Daiwa Securities Group Inc. now owns 148,882 shares of the energy company’s stock valued at $4,736,000 after acquiring an additional 22,482 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Devon Energy by 6.0% during the second quarter. NewEdge Advisors LLC now owns 144,174 shares of the energy company’s stock valued at $4,586,000 after purchasing an additional 8,127 shares during the last quarter. 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: Some recent commentary continued to frame Devon Energy as an undervalued or attractive value stock, suggesting investors still see upside in the shares. Devon Energy (DVN): The Most Undervalued American Stock to Invest In
• Positive Sentiment: Devon Energy announced it will report second-quarter 2026 results on August 4 and host a conference call on August 5, giving investors a clear near-term catalyst to watch. Devon Energy Schedules Second-Quarter 2026 Earnings Release and Conference Call
• Neutral Sentiment: Devon Energy completed its private exchange offers involving notes issued by subsidiary Coterra Energy, a balance-sheet and capital-structure move that is not clearly positive or negative for the stock. Is Devon (DVN) One of the Best Value Stocks to Buy Right Now?
• Negative Sentiment: Zacks Research cut its Q2 2026 EPS estimate for Devon Energy to $1.09 from $1.25, signaling softer near-term earnings expectations.
• Negative Sentiment: Zacks Research also reduced its FY2028 EPS estimate to $4.73 from $4.82 and maintained a Hold rating, reinforcing a cautious view on longer-term earnings power.
• Negative Sentiment: Another analyst note from Morgan Stanley cut its price target on Devon Energy to $63 from $66 after oil prices weakened, adding to sector-related pressure on sentiment. Devon Energy (DVN): The Most Undervalued American Stock to Invest In

Analyst Upgrades and Downgrades

DVN has been the topic of several recent research reports. Citigroup raised their price target on Devon Energy from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Raymond James Financial reduced their price target on shares of Devon Energy from $72.00 to $66.00 and set a “strong-buy” rating for the company in a report on Monday, June 15th. Roth Mkm restated a “buy” rating and set a $57.00 price target on shares of Devon Energy in a research report on Tuesday, April 28th. Mizuho increased their price objective on shares of Devon Energy from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley cut their price objective on shares of Devon Energy from $66.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.38.

Insider Buying and Selling

In other news, SVP Adam M. Vela sold 24,342 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the completion of the sale, the senior vice president owned 130,540 shares in the company, valued at approximately $6,162,793.40. This represents a 15.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrea Alexander sold 18,000 shares of the firm’s stock in a transaction 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 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 112,371 shares of company stock worth $5,258,059. Corporate insiders own 4.58% of the company’s stock.

Devon Energy Stock Performance

DVN stock opened at $40.44 on Friday. The company has a 50-day simple moving average of $45.66 and a 200 day simple moving average of $43.63. The company has a market capitalization of $25.13 billion, a P/E ratio of 11.26 and a beta of 0.38. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.48. Devon Energy Corporation has a fifty-two week low of $31.45 and a fifty-two week high of $52.71.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, May 5th. The energy company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.34 billion. Devon Energy had a return on equity of 15.22% and a net margin of 13.71%.The business’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. Sell-side analysts predict that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.2%. This is an increase from Devon Energy’s previous quarterly dividend of $0.24. Devon Energy’s dividend payout ratio is presently 35.65%.

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.