Commerzbank Aktiengesellschaft FI Acquires 13,846 Shares of Devon Energy Corporation $DVN

Commerzbank Aktiengesellschaft FI lifted its holdings in Devon Energy Corporation (NYSE:DVN) by 84.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,171 shares of the energy company’s stock after buying an additional 13,846 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Devon Energy were worth $1,058,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Devon Energy by 1.2% in the second quarter. Geode Capital Management LLC now owns 18,595,683 shares of the energy company’s stock worth $589,399,000 after purchasing an additional 218,034 shares during the period. AQR Capital Management LLC increased its stake in Devon Energy by 78.7% in the 2nd quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company’s stock worth $202,327,000 after buying an additional 2,802,137 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Devon Energy by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,784,270 shares of the energy company’s stock valued at $152,188,000 after buying an additional 77,433 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Devon Energy by 83.9% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 4,568,092 shares of the energy company’s stock valued at $145,311,000 after buying an additional 2,083,600 shares during the period. Finally, Legal & General Group Plc grew its stake in Devon Energy by 3.7% in the 2nd quarter. Legal & General Group Plc now owns 3,179,937 shares of the energy company’s stock worth $101,154,000 after acquiring an additional 112,537 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Trading Up 1.7%

NYSE DVN opened at $38.63 on Monday. Devon Energy Corporation has a 52 week low of $25.89 and a 52 week high of $39.19. The company has a 50 day moving average price of $36.57 and a 200 day moving average price of $34.81. 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 firm has a market cap of $24.23 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 3.50 and a beta of 0.60.

Devon Energy (NYSE:DVN) last announced its earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, beating 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 company had revenue of $0.00 million during the quarter, compared to the consensus estimate of $4.10 billion. During the same period last year, the firm earned $1.10 earnings per share. As a group, sell-side analysts forecast that Devon Energy Corporation will post 4.85 EPS for the current fiscal year.

Devon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.5%. Devon Energy’s dividend payout ratio (DPR) is presently 22.59%.

Analyst Ratings Changes

Several research firms have recently weighed in on DVN. Royal Bank Of Canada set a $42.00 price target on shares of Devon Energy and gave the company a “sector perform” rating in a research note on Friday, October 10th. UBS Group raised Devon Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $40.00 to $46.00 in a research report on Friday, December 12th. The Goldman Sachs Group increased their price target on Devon Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Wolfe Research decreased their price objective on Devon Energy from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Capital One Financial lowered their price objective on shares of Devon Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Two 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 given a Sell rating to the company. Based on data from MarketBeat, Devon Energy presently has an average rating of “Moderate Buy” and an average price target of $44.31.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: BofA raised its price target to $46 and kept a Buy rating, citing Devon’s resilient portfolio — a clear vote of confidence that can support further upside. BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio
• Positive Sentiment: Barclays analyst commentary flagged upside for DVN and said the stock is expected to rise, adding momentum to the bullish narrative. Devon Energy (NYSE:DVN) Stock Price Expected to Rise, Barclays Analyst Says
• Positive Sentiment: Investor’s Business Daily upgraded DVN’s relative price strength, a technical endorsement that often attracts momentum-focused traders. IBD rating upgrades: Devon Energy shows improved relative price strength
• Neutral Sentiment: Seeking Alpha published a bullish take noting “continued room to grow,” but this is an analytic view rather than a concrete catalyst. Devon Energy Has Continued Room To Grow
• Neutral Sentiment: Zacks noted DVN outperformed the market in the recent session (stock moved higher), but this is observational and not a fresh fundamental driver. Devon Energy (DVN) Surpasses Market Returns: Some Facts Worth Knowing
• Neutral Sentiment: Two analyst roundups (The Globe and Mail) discussed Devon alongside peers — useful context but no major new catalyst. Analysts Offer Insights on Energy Companies: Devon Energy (DVN) and Kinder Morgan (KMI)
• Neutral Sentiment: An American Banking News note raised a price target to $36 (a raise from prior levels but below current trading), which limits perceived upside relative to other higher PTs. Devon Energy (NYSE:DVN) Price Target Raised to $36.00
• Negative Sentiment: A Yahoo/Finance piece questioned whether investors should “reconsider” DVN after mixed share performance, flagging that some caution remains amid variable flows and market conditions. Is It Time To Reconsider Devon Energy (DVN) After Mixed Share Price Performance?

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.