Devon Energy (NYSE:DVN) Reaches New 52-Week High on Strong Earnings

Devon Energy Corporation (NYSE:DVN) reached a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $45.29 and last traded at $43.8630, with a volume of 584780 shares traded. The stock had previously closed at $44.66.

The energy company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. Devon Energy had a return on equity of 16.39% and a net margin of 15.37%.The business had revenue of $17.19 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis.

Devon Energy Dividend Announcement

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

More Devon Energy News

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

• Positive Sentiment: Q4 results slightly beat expectations — Devon reported $0.82 EPS vs. $0.81 consensus and revenue topped estimates, with production up and unit costs improving; the company emphasized a cash‑rich outlook on the earnings call, supporting buyback/dividend capacity. Devon Energy tops fourth-quarter profit estimates on production boost
• Positive Sentiment: All‑stock merger with Coterra announced — the deal is presented as reshaping Devon’s shale scale and return profile, which can drive synergies and higher free cash flow over time. Devon Energy Coterra All Stock Merger Reshapes Shale Scale And Returns
• Positive Sentiment: Dividend and capital return uplift — company declared a quarterly dividend and multiple reports note management raised the payout (Seeking Alpha flags a ~31% raise to $0.315), reinforcing the yield/cash‑return story that investors reward. Devon Energy raises dividend by 31% to $0.315 per share
• Positive Sentiment: Analyst support — Wolfe Research raised its price target to $58 and maintained an Outperform, signaling bullish analyst sentiment that can attract buyers. Wolfe Research adjusts price target on Devon Energy to $58
• Neutral Sentiment: Mixed analyst views across the energy sector — some outlets note analysts are conflicted on DVN and peers, reflecting divergent takes on merger benefits vs. commodity risk. Analysts Conflicted on These Energy Names: Devon Energy (DVN) and Select Energy Services (WTTR)
• Negative Sentiment: Management disclosed a new Technology/AI risk — Devon’s push to embed AI raises potential regulatory, cybersecurity and performance risks that could increase costs or operational exposure. Devon Energy’s AI Push Brings Efficiency Hopes but Heightened Regulatory, Cybersecurity and Performance Risks
• Negative Sentiment: Underlying profitability and cash flow compression YoY — several reports note steep year‑over‑year declines in profits and operating cash versus 2024, which tempers the beat and could limit upside if commodity prices weaken. Devon Energy Profit, Revenue Slip Ahead of Coterra Merger

Wall Street Analyst Weigh In

A number of brokerages have commented on DVN. UBS Group set a $50.00 price objective on Devon Energy in a research report on Wednesday, February 4th. Barclays upgraded shares of Devon Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $42.00 to $50.00 in a report on Wednesday, February 4th. Mizuho set a $51.00 price objective on shares of Devon Energy in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of Devon Energy from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Finally, Zacks Research cut shares of Devon Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.32.

Institutional Trading of Devon Energy

Several hedge funds and other institutional investors have recently bought and sold shares of DVN. Caldwell Trust Co acquired a new position in Devon Energy in the 2nd quarter valued at approximately $25,000. PFS Partners LLC bought a new stake in shares of Devon Energy during the third quarter valued at approximately $25,000. First Horizon Corp acquired a new position in shares of Devon Energy in the third quarter valued at $26,000. Accredited Wealth Management LLC lifted its position in Devon Energy by 61.6% in the third 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 period. Finally, Ameriflex Group Inc. boosted its stake in Devon Energy by 702.0% during the third quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock worth $28,000 after buying an additional 702 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Devon Energy Price Performance

The stock has a market cap of $27.85 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 4.00 and a beta of 0.61. 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’s 50 day simple moving average is $38.64 and its two-hundred day simple moving average is $35.97.

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.