Short Interest in Devon Energy Corporation (NYSE:DVN) Drops By 12.6%

Devon Energy Corporation (NYSE:DVN) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 19,329,707 shares, a decrease of 12.6% from the January 15th total of 22,124,137 shares. Currently, 3.1% of the shares of the company are sold short. Based on an average daily trading volume, of 9,083,444 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily trading volume, of 9,083,444 shares, the days-to-cover ratio is currently 2.1 days. Currently, 3.1% of the shares of the company are sold short.

Devon Energy Price Performance

Shares of NYSE:DVN opened at $44.03 on Wednesday. The stock’s 50 day moving average price is $38.52 and its 200 day moving average price is $35.91. 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 stock has a market cap of $27.62 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 4.06 and a beta of 0.61. Devon Energy has a 12 month low of $25.89 and a 12 month high of $45.29.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities research analysts anticipate that Devon Energy will post 4.85 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 13th. Devon Energy’s dividend payout ratio is presently 22.59%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. TD Cowen upgraded shares of Devon Energy to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings raised Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 28th. Benchmark reiterated a “buy” rating on shares of Devon Energy in a research report on Friday, January 16th. Capital One Financial lowered their target price on Devon Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Finally, Citigroup lifted their target price on Devon Energy from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.29.

Institutional Trading of Devon Energy

A number of large investors have recently added to or reduced their stakes in DVN. PFS Partners LLC acquired a new stake in shares of Devon Energy during the 3rd quarter valued at $25,000. First Horizon Corp acquired a new stake in shares of Devon Energy during the third quarter worth $26,000. Caldwell Trust Co acquired a new stake in shares of Devon Energy during the second quarter worth $25,000. Ameriflex Group Inc. lifted its holdings in shares of Devon Energy by 702.0% during the third quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock valued at $28,000 after purchasing an additional 702 shares during the last quarter. Finally, Accredited Wealth Management LLC boosted its position 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 valued at $28,000 after purchasing an additional 308 shares during the period. 69.72% of the stock is currently owned by institutional investors.

Key Devon Energy News

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

• Positive Sentiment: Q4 beat on both EPS and revenue — Devon reported $0.82 EPS (vs. $0.81 consensus) and revenue that topped estimates, showing the quarter outperformed Street forecasts. Zacks: DVN Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Dividend raised / declared — multiple reports note Devon declared its quarterly fixed dividend; Seeking Alpha reports a raise of ~31% to $0.315/share (investors view higher payout as shareholder-friendly and supportive of yield). Seeking Alpha: Dividend Raise
• Positive Sentiment: Production strength helped results — Reuters highlights that production gains supported the quarter, a positive operational signal for revenue sustainability. Reuters: Production Boost
• Neutral Sentiment: Company issued 2026 outlook and will host a conference call for analysts — provides transparency but market impact depends on guidance detail. GlobeNewswire: Q4 Results & Dividend
• Neutral Sentiment: Analyst sentiment and price targets skew constructive (multiple buys/overweights; median target near $44) — supports longer‑term interest but doesn’t guarantee near‑term moves. Quiver: Analyst Ratings & Targets
• Negative Sentiment: Year‑over‑year declines in profitability and cash flow — EPS and many profitability metrics are down from the prior year (EPS was lower vs. year‑ago), and Quiver/other summaries show sharp YoY drops in gross and operating profit and operating cash — a caution for valuation. Quiver: Q4 Financial Details
• Negative Sentiment: Some large institutional trimming and mixed market reaction — notable reductions by large holders (e.g., UBS) and headlines that the stock “slipped” despite the earnings beat indicate profit‑taking or positioning ahead of the company’s merger/strategy updates. Quiver: Institutional Moves & Market Reaction

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.