Devon Energy Target of Unusually High Options Trading (NYSE:DVN)

Devon Energy Corporation (NYSE:DVN) was the target of unusually large options trading on Wednesday. Stock investors bought 36,923 call options on the stock. This represents an increase of approximately 56% compared to the average daily volume of 23,690 call options.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Mizuho set a $51.00 price target on Devon Energy in a research report on Tuesday. Citigroup upped their target price on shares of Devon Energy from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Barclays raised shares of Devon Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $42.00 to $50.00 in a report on Wednesday. BMO Capital Markets decreased their price target on shares of Devon Energy from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Finally, Weiss Ratings upgraded Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.97.

Devon Energy News Roundup

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 Performance

NYSE DVN opened at $43.21 on Friday. Devon Energy has a 52-week low of $25.89 and a 52-week high of $43.68. The company has a fifty day moving average of $37.45 and a 200-day moving average of $35.27. The company has a market capitalization of $27.11 billion, a P/E ratio of 10.17, a P/E/G ratio of 3.80 and a beta of 0.61. 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 released its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.The business had revenue of $0.00 million for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter last year, the business posted $1.10 earnings per share. As a group, equities research analysts predict that Devon Energy will post 4.85 EPS for the current fiscal year.

Institutional Trading of Devon Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. TD Asset Management Inc boosted its stake in shares of Devon Energy by 6.4% during the 2nd quarter. TD Asset Management Inc now owns 267,322 shares of the energy company’s stock valued at $8,504,000 after purchasing an additional 16,106 shares in the last quarter. Greatmark Investment Partners Inc. raised its stake in Devon Energy by 5.6% in the third quarter. Greatmark Investment Partners Inc. now owns 571,925 shares of the energy company’s stock worth $20,052,000 after buying an additional 30,435 shares in the last quarter. Natixis lifted its holdings in Devon Energy by 101.4% in the second quarter. Natixis now owns 73,902 shares of the energy company’s stock worth $2,351,000 after buying an additional 37,211 shares during the period. RPG Investment Advisory LLC boosted its position in Devon Energy by 11.0% during the 3rd quarter. RPG Investment Advisory LLC now owns 287,110 shares of the energy company’s stock valued at $10,063,000 after acquiring an additional 28,532 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Devon Energy by 70.0% during the 3rd quarter. CWM LLC now owns 336,861 shares of the energy company’s stock worth $11,810,000 after acquiring an additional 138,717 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

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.