Aptus Capital Advisors LLC Acquires 26,179 Shares of Devon Energy Corporation $DVN

Aptus Capital Advisors LLC grew its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 7.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 397,340 shares of the energy company’s stock after purchasing an additional 26,179 shares during the period. Aptus Capital Advisors LLC owned approximately 0.06% of Devon Energy worth $13,931,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its holdings in Devon Energy by 4.3% in the third quarter. Allianz Asset Management GmbH now owns 833,155 shares of the energy company’s stock worth $29,210,000 after acquiring an additional 33,974 shares in the last quarter. Greatmark Investment Partners Inc. increased its holdings in shares of Devon Energy by 5.6% during the third quarter. Greatmark Investment Partners Inc. now owns 571,925 shares of the energy company’s stock valued at $20,052,000 after acquiring an additional 30,435 shares in the last quarter. Canada Post Corp Registered Pension Plan raised its position in shares of Devon Energy by 298.1% in the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 42,351 shares of the energy company’s stock worth $1,585,000 after purchasing an additional 31,713 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Devon Energy by 5.0% in the 3rd quarter. Victory Capital Management Inc. now owns 11,845,958 shares of the energy company’s stock worth $415,319,000 after purchasing an additional 560,652 shares in the last quarter. Finally, Natixis grew its position in Devon Energy by 101.4% during the 2nd quarter. Natixis now owns 73,902 shares of the energy company’s stock valued at $2,351,000 after purchasing an additional 37,211 shares during the last quarter. 69.72% of the stock is owned by institutional investors.

Devon Energy Stock Down 0.0%

Shares of NYSE:DVN opened at $44.51 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average price is $40.44 and its 200 day moving average price is $36.85. The stock has a market cap of $27.60 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 4.43 and a beta of 0.56. Devon Energy Corporation has a fifty-two week low of $25.89 and a fifty-two week high of $46.15.

Devon Energy (NYSE:DVN) last posted its earnings results on Tuesday, February 17th. The energy company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The firm had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, March 13th. Devon Energy’s dividend payout ratio (DPR) is 23.02%.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Planned all‑stock merger with Coterra would create one of the largest U.S. shale producers, promising multi‑basin scale and meaningful operating/cost synergies that support long‑term revenue and cash‑flow upside. Devon And Coterra Merger Reshapes Shale Outlook As Oil Prices Shift
• Positive Sentiment: Several brokers raised ratings/targets (UBS to $55 buy; Piper Sandler to $59 overweight), signaling analyst confidence in upside from cost cuts, multi‑basin assets and the merger. These upgrades tend to support higher share valuations. Benzinga Coverage
• Positive Sentiment: Devon has outperformed peers and the S&P over the past six months (roughly +29%), driven by operational improvements and merger expectations — momentum that attracts both value and momentum investors. DVN Outperforms Industry in the Past 6 Months: How to Play the Stock?
• Positive Sentiment: Recent bullish research pieces highlight near‑term tailwinds and argue the combined Devon/Coterra entity is undervalued vs. peers, reinforcing buy-side interest ahead of merger execution. Devon Energy: Q1 2026 Tailwinds And Merger Synergy Discussed – Reiterate Buy
• Neutral Sentiment: Coverage notes Devon’s stronger position in the NYSE Composite energy sector — a descriptive market‑weight update that underlines visibility but is not an immediate catalyst. Devon Energy (NYSE:DVN) Strengthens Position In NYSE Composite Energy Sector
• Neutral Sentiment: Sector commentary (If oil rises sharply) points to outsized upside for large E&P names like Devon, a macro tailwind that supports longer‑dated bullish cases but depends on oil price trajectory. Forget Tech Stocks. If Oil Goes to $100 These Energy Plays Are Unstoppable
• Negative Sentiment: Zacks reduced near‑term EPS forecasts (Q1/Q2) for Devon, introducing downside risk to short‑term expectations; earnings revisions like this can cap multiple expansion even as strategic positives remain. Devon Energy Q1 EPS Forecast Decreased by Zacks Research

Wall Street Analyst Weigh In

DVN has been the subject of several recent analyst reports. BMO Capital Markets lifted their target price on shares of Devon Energy from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday. Argus raised their price target on shares of Devon Energy from $41.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Barclays boosted their price objective on shares of Devon Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Siebert Williams Shank increased their target price on Devon Energy from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Citigroup lifted their target price on Devon Energy from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Twenty-three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Devon Energy has a consensus rating of “Moderate Buy” and an average price target of $48.00.

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.