United Capital Management of KS Inc. Invests $701,000 in Devon Energy Corporation $DVN

United Capital Management of KS Inc. bought a new stake in Devon Energy Corporation (NYSE:DVN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the energy company’s stock, valued at approximately $701,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DVN. PFS Partners LLC acquired a new position in shares of Devon Energy in the 3rd quarter worth approximately $25,000. First Horizon Corp bought a new position in shares of Devon Energy during the third quarter valued at $26,000. Caldwell Trust Co acquired a new stake in shares of Devon Energy in the 2nd quarter valued at $25,000. Accredited Wealth Management LLC grew its holdings in shares of Devon Energy by 61.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after purchasing an additional 308 shares during the last quarter. Finally, ORG Partners LLC increased its position in shares of Devon Energy by 65.7% during the 3rd quarter. ORG Partners LLC now owns 888 shares of the energy company’s stock worth $31,000 after purchasing an additional 352 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Key Headlines Impacting 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 roughly 32.5% upside from the current price — a strong bullish signal for investors. Piper Sandler price-target raise
• Positive Sentiment: UBS increased its price target to $55 and reiterated a “buy” rating, suggesting ~23.5% upside — another analyst endorsement supporting share strength. UBS upgrade
• Positive Sentiment: AmericanBankingNews reports a raised price target to $55 (echoing other upward revisions), which reinforces bullish analyst sentiment around DVN. Price Target Raised to $55
• Positive Sentiment: Zacks Research upgraded Devon from “strong sell” to “hold” — a directional improvement in street sentiment that can attract marginal buyers. Zacks upgrade
• Positive Sentiment: Macro/sector note — a 247WallSt piece highlights that if oil rallies toward $100, U.S. E&P names (including Devon) would likely outperform, providing a bullish backdrop for energy stocks. Energy sector bullish thesis
• Neutral Sentiment: Major strategic item — Yahoo reports a proposed $58B all-stock merger between Devon and Coterra, creating one of the largest U.S. shale producers. The deal promises scale and cost synergies but introduces integration and capital-allocation uncertainty while oil prices shift. This is transformative but mixed in near-term risk/benefit. Devon–Coterra merger
• Negative Sentiment: Zacks reduced its Q1 EPS forecast for Devon, a reminder that near-term earnings estimates have been trimmed even as sentiment improves — this can cap upside or raise volatility. Q1 EPS Forecast Decreased
• Negative Sentiment: Separately, Zacks cut Q2 EPS estimates as well, which increases the risk that fundamentals will not fully back higher price targets in the near term. Q2 EPS Estimates Reduced

Devon Energy Price Performance

DVN opened at $44.53 on Friday. The company has a fifty day moving average price of $40.27 and a two-hundred day moving average price of $36.78. The firm has a market capitalization of $27.61 billion, a PE ratio of 10.68, a P/E/G ratio of 4.33 and a beta of 0.56. Devon Energy Corporation has a 52 week low of $25.89 and a 52 week high of $46.15. 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 (NYSE:DVN) last released its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The business 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 16.28% and a net margin of 15.37%.The firm’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. As a group, analysts anticipate that Devon Energy Corporation will post 4.85 earnings per share for the current year.

Devon Energy Announces Dividend

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 dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 13th. Devon Energy’s dividend payout ratio (DPR) is currently 23.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Devon Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Benchmark reaffirmed a “buy” rating on shares of Devon Energy in a report on Friday, January 16th. Scotiabank reduced their price objective on Devon Energy from $45.00 to $41.00 and set a “sector perform” rating on the stock in a research note on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and set a $50.00 price target on shares of Devon Energy in a research report on Thursday, February 19th. Finally, Johnson Rice lowered their price objective on shares of Devon Energy from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Twenty-three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

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.