IFM Investors Pty Ltd Raises Stock Holdings in Devon Energy Corporation $DVN

IFM Investors Pty Ltd boosted its position in Devon Energy Corporation (NYSE:DVN) by 10.2% during the first quarter, Holdings Channel.com reports. The fund owned 161,953 shares of the energy company’s stock after acquiring an additional 14,924 shares during the period. IFM Investors Pty Ltd’s holdings in Devon Energy were worth $8,149,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Woodline Partners LP increased its stake 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 valued at $4,330,000 after buying an additional 57,555 shares during the period. Sivia Capital Partners LLC purchased a new position in Devon Energy during the 2nd quarter valued at $403,000. Jump Financial LLC increased its position in Devon Energy by 58.8% during the 2nd quarter. Jump Financial LLC now owns 28,251 shares of the energy company’s stock valued at $899,000 after purchasing an additional 10,464 shares during the period. Daiwa Securities Group Inc. raised its holdings in Devon Energy by 17.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 148,882 shares of the energy company’s stock worth $4,736,000 after purchasing an additional 22,482 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Devon Energy by 6.0% in the 2nd quarter. NewEdge Advisors LLC now owns 144,174 shares of the energy company’s stock worth $4,586,000 after purchasing an additional 8,127 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on DVN shares. Jefferies Financial Group raised their target price on shares of Devon Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Raymond James Financial decreased 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 research note on Monday, June 15th. Wells Fargo & Company increased their price target on shares of Devon Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Argus raised their price objective on shares of Devon Energy from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $57.00 price objective on shares of Devon Energy in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.38.

Devon Energy Price Performance

Shares of DVN opened at $40.44 on Friday. Devon Energy Corporation has a fifty-two week low of $31.45 and a fifty-two week high of $52.71. The firm’s 50-day simple moving average is $45.66 and its two-hundred day simple moving average is $43.63. The stock has a market cap of $25.13 billion, a PE ratio of 11.26 and a beta of 0.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 1.01.

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

Devon Energy Increases Dividend

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

Insider Buying and Selling at Devon Energy

In other news, EVP Jeffrey L. Ritenour sold 70,029 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.66, for a total transaction of $3,267,553.14. Following the completion of the transaction, the executive vice president directly owned 428,452 shares in the company, valued at $19,991,570.32. This trade represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrea Alexander sold 18,000 shares of Devon Energy stock in a transaction dated 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 transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 112,371 shares of company stock worth $5,258,059. 4.58% of the stock is owned by insiders.

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

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.