Hodges Capital Management Inc. Has $439,000 Stock Position in Devon Energy Corporation $DVN

Hodges Capital Management Inc. cut its holdings in Devon Energy Corporation (NYSE:DVN) by 60.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,510 shares of the energy company’s stock after selling 19,425 shares during the quarter. Hodges Capital Management Inc.’s holdings in Devon Energy were worth $439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in shares of Devon Energy by 78.7% in the 2nd quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company’s stock valued at $202,327,000 after purchasing an additional 2,802,137 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its position in Devon Energy by 83.9% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 4,568,092 shares of the energy company’s stock worth $145,311,000 after purchasing an additional 2,083,600 shares in the last quarter. Sourcerock Group LLC lifted its stake in Devon Energy by 2,132.3% in the 2nd quarter. Sourcerock Group LLC now owns 1,751,276 shares of the energy company’s stock valued at $55,708,000 after purchasing an additional 1,672,824 shares during the last quarter. Prudential Financial Inc. boosted its position in Devon Energy by 93.4% in the second quarter. Prudential Financial Inc. now owns 1,506,329 shares of the energy company’s stock valued at $47,916,000 after buying an additional 727,532 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Devon Energy by 44.6% in the second quarter. American Century Companies Inc. now owns 1,638,065 shares of the energy company’s stock valued at $52,107,000 after buying an additional 505,382 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy Trading Up 0.8%

NYSE DVN opened at $44.40 on Thursday. The business’s 50-day moving average price is $38.64 and its two-hundred day moving average price is $35.97. Devon Energy Corporation has a 12 month low of $25.89 and a 12 month high of $45.32. The firm has a market capitalization of $27.85 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 4.00 and a beta of 0.61. 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 issued its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 earnings per share (EPS) 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 the consensus estimate of $3.67 billion. Devon Energy had a return on equity of 16.39% and a net margin of 15.37%.The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. On average, analysts expect that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DVN shares. Scotiabank upped their price target on shares of Devon Energy from $41.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. reduced their price objective on Devon Energy from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Jefferies Financial Group increased their target price on Devon Energy from $33.00 to $36.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Argus raised Devon Energy to a “strong-buy” rating in a research note on Wednesday, November 26th. Finally, Wells Fargo & Company upped their price objective on Devon Energy from $37.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.32.

Devon Energy News Roundup

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

• Positive Sentiment: Q4 results beat consensus: Devon reported $0.82 EPS (vs. $0.81 est.) and revenue that topped estimates, with production above guidance and lower costs — supportive for near‑term earnings confidence. Devon Q4 Earnings & Revenues Beat Estimates, Production Increases
• Positive Sentiment: Dividend lift and shareholder returns: Devon raised its quarterly payout (reported as a ~31% increase to $0.315/share in coverage) and reiterated its cash‑return focus, which supports yield‑seeking investors. Devon Energy raises dividend by 31% to $0.315 per share
• Positive Sentiment: Analyst optimism: Wolfe Research bumped its price target to $58 and maintained an Outperform rating, signaling upside vs. current levels and likely helping buyer interest. Wolfe Research adjusts price target
• Positive Sentiment: Momentum: Some market coverage flagged the stock reaching multi‑month highs after the Q4 beat, indicating positive technical / sentiment momentum. Oil Stock Taps 17-Month High After Q4 Beat
• Neutral Sentiment: Guidance and investor outreach: Management issued a 2026 outlook and hosted an earnings call/slide deck to discuss capital allocation and the cash‑return model — useful context but dependent on commodity moves. Devon Energy Reports Fourth-Quarter and Full-Year 2025 Results
• Neutral Sentiment: Short interest fell ~12.6% recently, which can reduce downward pressure but is not a directional catalyst by itself. Short Interest in Devon Energy Decreases
• Negative Sentiment: Year‑over‑year profit and cash‑flow contraction: while beats were reported, the quarter showed sharp YoY declines in gross profit, operating profit and operating cash flow — a reminder earnings are sensitive to oil/NGL pricing and volumes. QuiverQuant Q4 earnings summary
• Negative Sentiment: Mixed market reaction: some outlets noted the stock slipped after the print despite the beat — variability in intraday flows reflects investor focus on longer‑term cash flow trends and macro energy prices. Devon Energy Stock Slips Despite Q4 Beat

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.