Dimensional Fund Advisors LP Purchases 552,068 Shares of Devon Energy Corporation $DVN

Dimensional Fund Advisors LP lifted its position in shares of Devon Energy Corporation (NYSE:DVN) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,353,062 shares of the energy company’s stock after acquiring an additional 552,068 shares during the period. Dimensional Fund Advisors LP’s holdings in Devon Energy were worth $327,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Caldwell Trust Co acquired a new position in Devon Energy during the second quarter valued at approximately $25,000. PFS Partners LLC bought a new position in shares of Devon Energy in the 3rd quarter valued at $25,000. First Horizon Corp acquired a new position in shares of Devon Energy during the 3rd quarter worth $26,000. Accredited Wealth Management LLC lifted its position in shares of Devon Energy by 61.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after buying an additional 308 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in Devon Energy by 65.7% in the third 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. Institutional investors and hedge funds own 69.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DVN. Morgan Stanley lowered their target price on Devon Energy from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Jefferies Financial Group upped their price objective on shares of Devon Energy from $33.00 to $36.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Piper Sandler increased their price objective on shares of Devon Energy from $55.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday. Benchmark reaffirmed a “buy” rating on shares of Devon Energy in a research note on Friday, January 16th. Finally, Susquehanna increased their price target on Devon Energy from $47.00 to $52.00 and gave the company a “positive” rating in a research note on Friday, February 20th. Twenty-three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Devon Energy has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Piper Sandler raised its price target to $59 and kept an “overweight” rating, implying sizable upside from current levels. Piper Sandler raises PT to $59
• Positive Sentiment: UBS boosted its price target to $55 and reiterated a “buy” rating, another near‑term catalyst supporting the stock. UBS raises PT to $55
• Positive Sentiment: Devon agreed to an all‑stock, ~$58B merger with Coterra Energy that will create one of the largest U.S. shale producers; management expects substantial operating and cost synergies, and higher oil prices from Middle East tensions increase near‑term revenue/cashflow expectations for the combined company. Devon and Coterra merger
• Neutral Sentiment: The market reaction is mixed: analyst upgrades and merger scale are supportive, but stock performance will hinge on integration execution, share dilution from an all‑stock deal and how management updates capital allocation after combining portfolios.
• Negative Sentiment: Zacks Research sharply cut multiple near‑term and FY2026/FY2027 EPS estimates, dropped FY targets substantially and assigned a “Strong Sell” rating — a clear negative that increases short‑term earnings risk and may cap multiple expansion. Q2 EPS Estimates Reduced by Zacks

Devon Energy Price Performance

DVN stock opened at $44.53 on Friday. The company has a market capitalization of $27.61 billion, a P/E ratio of 10.68, a PEG ratio of 4.33 and a beta of 0.56. The company has a fifty day moving average price of $40.27 and a 200-day moving average price of $36.78. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.98. Devon Energy Corporation has a 52-week low of $25.89 and a 52-week high of $46.15.

Devon Energy (NYSE:DVN) last issued its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The company had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. Devon Energy’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. As a group, equities analysts expect that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Announces Dividend

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

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.