Devon Energy (NYSE:DVN) Given New $58.00 Price Target at Wolfe Research

Devon Energy (NYSE:DVN) had its price target boosted by Wolfe Research from $57.00 to $58.00 in a research note published on Wednesday,MarketScreener reports. The brokerage currently has an outperform rating on the energy company’s stock.

A number of other equities analysts have also commented on DVN. Johnson Rice lowered their price target on shares of Devon Energy from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Sanford C. Bernstein dropped their price target on Devon Energy from $48.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Piper Sandler cut 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. Scotiabank lifted their target price on Devon Energy from $41.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. Finally, Zacks Research lowered shares of Devon Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.32.

Devon Energy Trading Up 0.8%

NYSE:DVN opened at $44.40 on Wednesday. The business has a 50 day moving average price of $38.64 and a two-hundred day moving average price of $35.97. 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 company has a market cap of $27.85 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 4.00 and a beta of 0.61. Devon Energy has a twelve month low of $25.89 and a twelve month high of $45.32.

Devon Energy (NYSE:DVN) last posted its quarterly earnings results on Tuesday, February 17th. The energy company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Devon Energy had a return on equity of 16.39% and a net margin of 15.37%.The firm had revenue of $17.19 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the company earned $1.10 earnings per share. The business’s revenue was down 6.4% compared to the same quarter last year. As a group, analysts expect that Devon Energy will post 4.85 EPS for the current fiscal year.

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, March 13th. Devon Energy’s payout ratio is presently 23.02%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DVN. Beacon Pointe Advisors LLC raised its stake in shares of Devon Energy by 59.4% during the 4th quarter. Beacon Pointe Advisors LLC now owns 10,238 shares of the energy company’s stock worth $375,000 after purchasing an additional 3,817 shares during the period. State of Tennessee Department of Treasury increased its holdings in Devon Energy by 32.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 244,706 shares of the energy company’s stock worth $9,840,000 after buying an additional 60,040 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Devon Energy in the fourth quarter worth about $1,019,000. CacheTech Inc. boosted its stake in Devon Energy by 6.6% in the fourth quarter. CacheTech Inc. now owns 85,618 shares of the energy company’s stock valued at $3,136,000 after acquiring an additional 5,307 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Devon Energy by 1.0% during the 4th quarter. NewEdge Advisors LLC now owns 115,235 shares of the energy company’s stock valued at $4,221,000 after acquiring an additional 1,090 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Q4 results beat consensus: Devon reported $0.82 EPS (vs. $0.81 est.) and revenue that topped estimates, with production above guidance and lower costs — supportive for near‑term earnings confidence. Devon Q4 Earnings & Revenues Beat Estimates, Production Increases
• Positive Sentiment: Dividend lift and shareholder returns: Devon raised its quarterly payout (reported as a ~31% increase to $0.315/share in coverage) and reiterated its cash‑return focus, which supports yield‑seeking investors. Devon Energy raises dividend by 31% to $0.315 per share
• Positive Sentiment: Analyst optimism: Wolfe Research bumped its price target to $58 and maintained an Outperform rating, signaling upside vs. current levels and likely helping buyer interest. Wolfe Research adjusts price target
• Positive Sentiment: Momentum: Some market coverage flagged the stock reaching multi‑month highs after the Q4 beat, indicating positive technical / sentiment momentum. Oil Stock Taps 17-Month High After Q4 Beat
• Neutral Sentiment: Guidance and investor outreach: Management issued a 2026 outlook and hosted an earnings call/slide deck to discuss capital allocation and the cash‑return model — useful context but dependent on commodity moves. Devon Energy Reports Fourth-Quarter and Full-Year 2025 Results
• Neutral Sentiment: Short interest fell ~12.6% recently, which can reduce downward pressure but is not a directional catalyst by itself. Short Interest in Devon Energy Decreases
• Negative Sentiment: Year‑over‑year profit and cash‑flow contraction: while beats were reported, the quarter showed sharp YoY declines in gross profit, operating profit and operating cash flow — a reminder earnings are sensitive to oil/NGL pricing and volumes. QuiverQuant Q4 earnings summary
• Negative Sentiment: Mixed market reaction: some outlets noted the stock slipped after the print despite the beat — variability in intraday flows reflects investor focus on longer‑term cash flow trends and macro energy prices. Devon Energy Stock Slips Despite Q4 Beat

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.