Devon Energy (DVN) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Devon Energy (NYSE: DVN) in the last few weeks:

• 10/16/2026 – Devon Energy had its price target lowered by Mizuho from $68.00 to $65.00. They now have an “outperform” rating on the stock.
• 10/15/2026 – Devon Energy had its price target raised by Morgan Stanley from $63.00 to $65.00. They now have an “overweight” rating on the stock.
• 10/14/2026 – Devon Energy is now covered by Scotiabank. They set a “sector outperform” rating and a $61.00 price target on the stock.
• 10/9/2026 – Devon Energy had its price target raised by Barclays from $58.00 to $60.00. They now have an “overweight” rating on the stock.
• 10/8/2026 – Devon Energy was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 10/7/2026 – Devon Energy had its price target raised by UBS Group from $63.00 to $65.00. They now have a “buy” rating on the stock.
• 10/7/2026 – Devon Energy had its price target lowered by Truist Financial from $65.00 to $61.00. They now have a “buy” rating on the stock.
• 10/6/2026 – Devon Energy had its “outperform” rating reaffirmed by BMO Capital Markets. They now have a $67.00 price target on the stock.
• 10/3/2026 – Devon Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 10/2/2026 – Devon Energy had its price target raised by JPMorgan Chase & Co. from $60.00 to $65.00. They now have an “overweight” rating on the stock.
• 9/28/2026 – Devon Energy had its price target lowered by Wells Fargo & Company from $65.00 to $64.00. They now have an “overweight” rating on the stock.
• 9/14/2026 – Devon Energy had its price target raised by Raymond James Financial from $64.00 to $67.00. They now have a “strong-buy” rating on the stock.
• 9/14/2026 – Devon Energy had its price target raised by UBS Group from $55.00 to $63.00. They now have a “buy” rating on the stock.
• 9/10/2026 – Devon Energy is now covered by Stifel Nicolaus. They set a “buy” rating and a $61.00 price target on the stock.
• 9/9/2026 – Devon Energy was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 9/5/2026 – Devon Energy was downgraded by Wall Street Zen from “buy” to “hold”.
• 9/3/2026 – Devon Energy is now covered by Seaport Research Partners. They set a “buy” rating and a $65.00 price target on the stock.
• 9/2/2026 – Devon Energy is now covered by Seaport Research Partners. They set a “buy” rating and a $65.00 price target on the stock.
• 8/31/2026 – Devon Energy had its price target raised by Citigroup from $65.00 to $67.00. They now have a “buy” rating on the stock.

Devon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.32 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.5%. Devon Energy’s dividend payout ratio (DPR) is 30.40%.

Insider Activity

In other Devon Energy news, EVP Robert Ferrall Lowe III sold 6,756 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $50.95, for a total transaction of $344,218.20. Following the transaction, the executive vice president directly owned 72,720 shares in the company, valued at approximately $3,705,084. This represents a 8.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Clay M. Gaspar bought 3,913 shares of the stock in a transaction on Monday, September 14th. The shares were bought at an average price of $51.08 per share, for a total transaction of $199,876.04. Following the completion of the transaction, the chief executive officer directly owned 619,152 shares of the company’s stock, valued at $31,626,284.16. This trade represents a 0.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 4.58% of the stock is owned by company insiders.

Devon Energy Corporation (NYSE:DVN) is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company focuses on onshore operations in the United States and markets the hydrocarbons produced from its assets to customers across the energy sector.

Devon’s portfolio has historically included major U.S. resource plays such as the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.