Devon Energy Corporation $DVN Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its stake in shares of Devon Energy Corporation (NYSE:DVN) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 833,155 shares of the energy company’s stock after buying an additional 33,974 shares during the period. Allianz Asset Management GmbH owned 0.13% of Devon Energy worth $29,210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Caldwell Trust Co acquired a new stake in Devon Energy during the second quarter worth about $25,000. PFS Partners LLC acquired a new position in Devon Energy in the 3rd quarter valued at about $25,000. First Horizon Corp purchased a new stake in shares of Devon Energy in the 3rd quarter valued at approximately $26,000. ORG Partners LLC increased its holdings in shares of Devon Energy by 65.7% during the 3rd quarter. ORG Partners LLC now owns 888 shares of the energy company’s stock worth $31,000 after buying an additional 352 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Devon Energy during the 2nd quarter worth approximately $34,000. 69.72% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Multiple analyst upgrades and higher price targets signal renewed buy-side conviction — Barclays upgraded Devon and Scotiabank boosted its price target to $45, while Susquehanna published a forecast calling for strong price appreciation. Barclays upgrades Devon Energy (DVN) Scotiabank Boosts Devon Energy Price Target to $45.00 Susquehanna Forecasts Strong Price Appreciation for Devon Energy Stock
• Positive Sentiment: Unusually high call-option volume (≈36,923 calls, ~56% above typical) suggests short-term bullish positioning or informed speculation that could support near-term upside if catalysts materialize. Behind the Scenes of Devon Energy’s Latest Options Trends
• Positive Sentiment: Earlier analyst coverage pushed the stock to a new 12‑month high after upgrades, confirming upside momentum that investors have been pricing in. Devon Energy Reaches New 12-Month High After Analyst Upgrade
• Positive Sentiment: Strategic merger chatter (Devon + Coterra) is being discussed as a potential consolidator play that could deliver scale and synergies for investors if it progresses. Devon Energy And Coterra Energy Merger Checks Quite A Few Boxes On Investors’ Lists
• Neutral Sentiment: Some coverage frames valuation as mixed — discussions about DCF vs. P/E gaps suggest analysts disagree on whether current pricing fully reflects fundamentals, creating both upside and downside scenarios depending on execution. Is Devon Energy Pricing Reflect Its DCF And P/E Valuation Gap Today
• Neutral Sentiment: Coverage roundup: some outlets note gains despite a weaker market, while broader analyst panels remain mixed/neutral on the energy group — suggesting stock moves may be driven more by headlines and flows than by new fundamental data. Devon Energy Gains As Market Dips Analysts Are Neutral on These Energy Stocks
• Negative Sentiment: Competitive risk: a large Delaware Basin deal by another Houston energy company could tighten acreage/price dynamics regionally, posing a potential headwind to Devon’s growth/asset economics if it raises local competition or costs. Houston energy company lands massive Delaware Basin deal worth billions

Devon Energy Stock Down 0.4%

Shares of DVN opened at $43.21 on Friday. The company’s 50-day simple moving average is $37.45 and its 200-day simple moving average is $35.27. 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 Corporation has a 1 year low of $25.89 and a 1 year high of $43.68. The stock has a market capitalization of $27.11 billion, a PE ratio of 10.17, a P/E/G ratio of 3.80 and a beta of 0.61.

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, 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 period in the prior year, the firm earned $1.10 EPS. Analysts forecast that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on DVN shares. Weiss Ratings upgraded Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 28th. Raymond James Financial raised their price objective on Devon Energy from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Piper Sandler decreased their target price on shares of Devon Energy from $57.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Argus raised shares of Devon Energy to a “strong-buy” rating in a research note on Wednesday, November 26th. Finally, Wolfe Research lifted their price target on shares of Devon Energy from $49.00 to $57.00 in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.97.

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.