D.A. Davidson & CO. Sells 33,430 Shares of Devon Energy Corporation $DVN

D.A. Davidson & CO. lessened its position in shares of Devon Energy Corporation (NYSE:DVN) by 18.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 148,828 shares of the energy company’s stock after selling 33,430 shares during the quarter. D.A. Davidson & CO.’s holdings in Devon Energy were worth $5,218,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. PFS Partners LLC acquired a new stake in shares of Devon Energy during the third quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in Devon Energy during the 2nd quarter worth about $25,000. Caldwell Trust Co bought a new position in shares of Devon Energy in the 2nd quarter worth about $25,000. Trust Co. of Vermont raised its position in shares of Devon Energy by 241.3% in the 2nd quarter. Trust Co. of Vermont now owns 942 shares of the energy company’s stock worth $30,000 after acquiring an additional 666 shares in the last quarter. Finally, American National Bank & Trust lifted its stake in shares of Devon Energy by 2,638.9% in the 3rd quarter. American National Bank & Trust now owns 986 shares of the energy company’s stock valued at $35,000 after purchasing an additional 950 shares during the period. 69.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DVN shares. BMO Capital Markets decreased their target price on Devon Energy from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Royal Bank Of Canada set a $42.00 price objective on shares of Devon Energy and gave the stock a “sector perform” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Devon Energy in a research note on Monday, December 29th. Citigroup increased their target price on shares of Devon Energy from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company reduced their price target on shares of Devon Energy from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Devon Energy has a consensus rating of “Moderate Buy” and an average target price of $44.62.

Devon Energy News Roundup

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

• Positive Sentiment: Wolfe Research cut its target from $53 to $48 but kept an “outperform” rating, signaling that the firm still sees meaningful upside despite a smaller runway. Wolfe adjusts price target on Devon Energy to 48 from 53, maintains outperform rating
• Positive Sentiment: Devon management presented at the Goldman Sachs Energy, CleanTech & Utilities conference (transcript available) — investor visibility and management commentary can help stabilize sentiment if guidance or capital‑allocation plans were constructive. Devon Energy Corporation (DVN) Presents at Goldman Sachs Energy, CleanTech & Utilities Conference Transcript
• Neutral Sentiment: Coverage pieces are re‑examining Devon’s valuation and multi‑year performance, raising questions on whether the current share price offers value — useful context but not an immediate catalyst. Is Devon Energy (DVN) Offering Value After Mixed Multi Year Share Price Performance
• Neutral Sentiment: Zacks flagged DVN as a trending stock and published a separate note noting the stock’s larger intraday drop vs. the market — increased search/coverage can amplify moves both ways. Devon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Broader energy‑sector coverage (e.g., JP Morgan/sector roundups) keeps Devon in investor conversations but doesn’t by itself move fundamentals. Passive Income Dividend Giants Dominate JPMorgan’s 2026 Energy Top Picks
• Negative Sentiment: Sanford C. Bernstein lowered its price target to $42 from $48 — a direct negative signal that reduces implied upside and can pressure the stock. Sanford C. Bernstein Lowers Devon Energy (NYSE:DVN) Price Target to $42.00
• Negative Sentiment: Zacks noted Devon “suffered a larger drop than the general market” in the latest session, reflecting that recent analyst actions and headline flow have amplified downside. Devon Energy (DVN) Suffers a Larger Drop Than the General Market: Key Insights

Devon Energy Price Performance

Shares of DVN opened at $34.46 on Thursday. The business’s fifty day moving average is $35.81 and its 200 day moving average is $34.48. Devon Energy Corporation has a 12-month low of $25.89 and a 12-month high of $38.88. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a market cap of $21.61 billion, a P/E ratio of 8.11, a P/E/G ratio of 2.94 and a beta of 0.60.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. The firm had revenue of $0.00 million for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. Sell-side analysts anticipate that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.96 annualized dividend and a yield of 2.8%. Devon Energy’s dividend payout ratio (DPR) is presently 22.59%.

Devon Energy 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.