Board of the Pension Protection Fund Takes $876,000 Position in Devon Energy Corporation $DVN

Board of the Pension Protection Fund bought a new position in shares of Devon Energy Corporation (NYSE:DVN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the energy company’s stock, valued at approximately $876,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SVB Wealth LLC boosted its position in shares of Devon Energy by 4.1% during the 1st quarter. SVB Wealth LLC now owns 8,131 shares of the energy company’s stock valued at $304,000 after purchasing an additional 321 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Devon Energy by 0.4% during the 2nd quarter. Yousif Capital Management LLC now owns 87,272 shares of the energy company’s stock worth $2,776,000 after buying an additional 321 shares in the last quarter. MAS Advisors LLC grew its position in shares of Devon Energy by 4.3% during the 2nd quarter. MAS Advisors LLC now owns 7,951 shares of the energy company’s stock worth $253,000 after buying an additional 327 shares during the period. MAI Capital Management increased its stake in shares of Devon Energy by 2.3% in the 2nd quarter. MAI Capital Management now owns 17,647 shares of the energy company’s stock valued at $561,000 after acquiring an additional 395 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of Devon Energy by 1.6% during the 2nd quarter. IHT Wealth Management LLC now owns 24,904 shares of the energy company’s stock valued at $792,000 after acquiring an additional 399 shares during the period. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy Stock Performance

Shares of DVN opened at $35.87 on Friday. The firm has a market capitalization of $22.50 billion, a P/E ratio of 8.44, a P/E/G ratio of 2.71 and a beta of 0.62. Devon Energy Corporation has a 52 week low of $25.89 and a 52 week high of $38.88. The stock has a 50 day moving average price of $34.81 and a two-hundred day moving average price of $34.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96.

Devon Energy (NYSE:DVN) last announced its earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. The company had revenue of $0.00 million for the quarter, compared to analysts’ expectations of $4.10 billion. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.During the same quarter in the previous year, the firm earned $1.10 earnings per share. Equities analysts forecast that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be paid a $0.24 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. Devon Energy’s dividend payout ratio is presently 22.59%.

Devon Energy News Roundup

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

• Positive Sentiment: Citigroup reiterated a Buy on Devon, reinforcing institutional confidence in the company’s cash-generation and capital-return profile; that vote of confidence likely supported the stock’s uptick. Article Title
• Positive Sentiment: Zacks Research raised near-term estimates: small upward revisions to Q4 2025 and Q1 2026 EPS and a slight lift to FY2025 forecast (now reflected in its model), signaling modestly improved short-term earnings momentum. Article Title
• Neutral Sentiment: Zacks also boosted Q1 2027 estimates (small increase), showing mixed adjustments across periods — near-term upgrades balanced by later-year revisions, so immediate impact is limited. Article Title
• Negative Sentiment: Offsetting the positives, Zacks trimmed several 2027 estimates (Q2 and Q3 cuts and a modest reduction to FY2027), which could weigh on longer-term earnings expectations and cap upside if the trend continues. Article Title

Wall Street Analyst Weigh In

DVN has been the subject of a number of research reports. Royal Bank Of Canada set a $42.00 price target on shares of Devon Energy and gave the stock a “sector perform” rating in a report on Friday, October 10th. JPMorgan Chase & Co. raised Devon Energy from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $49.00 to $44.00 in a research report on Monday, December 8th. Johnson Rice cut their price target on Devon Energy from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 5th. UBS Group raised Devon Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $40.00 to $46.00 in a research note on Friday, December 12th. Finally, Raymond James Financial upped their target price on Devon Energy from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.86.

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.