Mutual of America Capital Management LLC Reduces Holdings in Devon Energy Corporation $DVN

Mutual of America Capital Management LLC lowered its position in Devon Energy Corporation (NYSE:DVN) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 181,758 shares of the energy company’s stock after selling 14,180 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Devon Energy were worth $6,372,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Yousif Capital Management LLC raised its position in shares of Devon Energy by 0.4% in the second quarter. Yousif Capital Management LLC now owns 87,272 shares of the energy company’s stock valued at $2,776,000 after purchasing an additional 321 shares during the period. MAS Advisors LLC grew its stake in Devon Energy by 4.3% in the 2nd quarter. MAS Advisors LLC now owns 7,951 shares of the energy company’s stock valued at $253,000 after buying an additional 327 shares in the last quarter. ORG Partners LLC grew its stake in Devon Energy by 65.7% in the 3rd quarter. ORG Partners LLC now owns 888 shares of the energy company’s stock valued at $31,000 after buying an additional 352 shares in the last quarter. MAI Capital Management raised its holdings in Devon Energy by 2.3% during the 2nd quarter. MAI Capital Management now owns 17,647 shares of the energy company’s stock valued at $561,000 after acquiring an additional 395 shares during the period. Finally, IHT Wealth Management LLC lifted its position in shares of Devon Energy by 1.6% during the second quarter. IHT Wealth Management LLC now owns 24,904 shares of the energy company’s stock worth $792,000 after acquiring an additional 399 shares in the last quarter. 69.72% of the stock is owned by hedge funds and other institutional investors.

Devon Energy Trading Up 1.0%

Shares of DVN opened at $39.85 on Thursday. Devon Energy Corporation has a 1-year low of $25.89 and a 1-year high of $39.99. The company has a market capitalization of $25.00 billion, a P/E ratio of 9.38, a P/E/G ratio of 3.61 and a beta of 0.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.87. The firm’s 50 day simple moving average is $36.81 and its 200 day simple moving average is $34.92.

Devon Energy (NYSE:DVN) last released its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $0.00 million during the quarter, compared to analysts’ expectations of $4.10 billion. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. During the same quarter in the previous year, the company earned $1.10 EPS. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, December 15th. Devon Energy’s payout ratio is presently 22.59%.

Devon Energy News Summary

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

• Positive Sentiment: Siebert Williams Shank raised its price target on Devon to $50, a bullish signal that can attract buyers and support further upside if investors follow the upgraded target. Read More.
• Positive Sentiment: Within Zacks’ package of revisions there were small upward tweaks to a couple quarters (Q1 2026 to $0.96 from $0.95 and Q2 2027 to $1.06 from $1.03), which slightly offsets the negatives by nudging near-term EPS expectations higher for those periods. Read More.
• Neutral Sentiment: A Benzinga piece highlighting Devon’s five‑year share performance may help longer‑term sentiment and retail interest, but it is unlikely to move the stock materially on its own. Read More.
• Negative Sentiment: Zacks Research downgraded Devon from “Hold” to a firm “Strong Sell” — a reputational negative that tends to pressure flows and could prompt some portfolio managers to reduce exposure. Read More.
• Negative Sentiment: Zacks cut multiple earnings forecasts across FY2026 and FY2027 (FY2026 to $3.68 from $3.71; FY2027 to $4.45 from $4.55) and trimmed several quarterly EPS forecasts. The net effect is lower analyst earnings expectations, which is bearish for the stock’s near‑term valuation. Read More.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DVN shares. UBS Group upgraded Devon Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $40.00 to $46.00 in a research report on Friday, December 12th. The Goldman Sachs Group lifted their target price on Devon Energy from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Susquehanna increased their price target on shares of Devon Energy from $42.00 to $45.00 and gave the stock a “positive” rating in a report on Monday. Argus raised shares of Devon Energy to a “strong-buy” rating in a research note on Wednesday, November 26th. Finally, Johnson Rice decreased their target price on shares of Devon Energy from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Devon Energy currently has a consensus rating of “Moderate Buy” and an average target price of $44.76.

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.