Devon Energy Corporation $DVN Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 23.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,056 shares of the energy company’s stock after purchasing an additional 15,586 shares during the period. Concurrent Investment Advisors LLC’s holdings in Devon Energy were worth $2,842,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DVN. TD Asset Management Inc grew its holdings in shares of Devon Energy by 6.4% during the second quarter. TD Asset Management Inc now owns 267,322 shares of the energy company’s stock valued at $8,504,000 after buying an additional 16,106 shares during the last quarter. Natixis raised its stake in Devon Energy by 101.4% in the 2nd quarter. Natixis now owns 73,902 shares of the energy company’s stock worth $2,351,000 after acquiring an additional 37,211 shares during the last quarter. Stephens Inc. AR lifted its position in Devon Energy by 90.4% during the 2nd quarter. Stephens Inc. AR now owns 72,546 shares of the energy company’s stock worth $2,308,000 after acquiring an additional 34,448 shares during the period. CWM LLC grew its stake in Devon Energy by 70.0% during the 3rd quarter. CWM LLC now owns 336,861 shares of the energy company’s stock valued at $11,810,000 after purchasing an additional 138,717 shares during the last quarter. Finally, Scott & Selber Inc. purchased a new stake in Devon Energy during the 2nd quarter valued at about $2,455,000. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

Devon Energy Stock Performance

Shares of NYSE DVN opened at $36.36 on Friday. The company has a market capitalization of $22.81 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 3.21 and a beta of 0.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96. The company’s fifty day moving average price is $36.29 and its 200 day moving average price is $34.63. Devon Energy Corporation has a 1 year low of $25.89 and a 1 year high of $38.88.

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

Devon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a dividend of $0.24 per share. The ex-dividend date was Monday, December 15th. This represents a $0.96 dividend on an annualized basis and a yield of 2.6%. Devon Energy’s dividend payout ratio is currently 22.59%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DVN. Scotiabank cut Devon Energy from an “outperform” rating to a “sector perform” rating and set a $41.00 price objective for the company. in a research note on Thursday. Wolfe Research reduced their price target on shares of Devon Energy from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. JPMorgan Chase & Co. decreased their price objective on shares of Devon Energy from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Thursday. Wells Fargo & Company cut their price objective on shares of Devon Energy from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Devon Energy in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Devon Energy has an average rating of “Moderate Buy” and an average target price of $44.21.

Devon Energy News Summary

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

• Positive Sentiment: Unusual call-option activity points to investor expectations of a dividend increase or other shareholder-friendly action ahead of Q4 results (earnings set for Feb. 17), which could support the share price if management follows through. Devon Energy Unusual Call Option Activity – Barchart
• Neutral Sentiment: Analysts remain constructive overall (outperform/overweight stances still in place) even after price-target reductions, implying continued upside in analyst models but less near-term enthusiasm. BMO Capital Markets cuts PT to $45 – MarketScreener
• Neutral Sentiment: JPMorgan trimmed its price target but kept an overweight rating, signaling confidence in medium-term fundamentals despite lower near-term estimates. JPMorgan adjusts PT to $41 – MarketScreener
• Negative Sentiment: Reports that Devon and Coterra are in merger discussions pressured Devon shares as investors parsed potential deal terms and dilution/valuation implications; Coterra shares rallied on the news, suggesting market preference for the counterparty in initial headlines. Exclusive: Devon and Coterra in merger talks – Reuters
• Negative Sentiment: Multiple outlets amplified the takeover chatter (Bloomberg/MSN/Financial Post), increasing short-term volatility and prompting profit-taking as investors reassess Devon’s standalone outlook versus a combined company scenario. Coterra considers combining with Devon – Financial Post

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.