Devon Energy Corporation $DVN Stake Raised by Blair William & Co. IL

Blair William & Co. IL raised its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 725.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,398 shares of the energy company’s stock after acquiring an additional 369,451 shares during the quarter. Blair William & Co. IL owned approximately 0.07% of Devon Energy worth $14,739,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DVN. AQR Capital Management LLC lifted its position 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 in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Devon Energy by 83.9% during 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 acquiring an additional 2,083,600 shares in the last quarter. Sourcerock Group LLC increased its stake in shares of Devon Energy by 2,132.3% in the second quarter. Sourcerock Group LLC now owns 1,751,276 shares of the energy company’s stock worth $55,708,000 after acquiring an additional 1,672,824 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Devon Energy by 93.4% in the second quarter. Prudential Financial Inc. now owns 1,506,329 shares of the energy company’s stock worth $47,916,000 after acquiring an additional 727,532 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Devon Energy by 5.0% during the third quarter. Victory Capital Management Inc. now owns 11,845,958 shares of the energy company’s stock worth $415,319,000 after acquiring an additional 560,652 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Key Devon Energy News

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

Analysts Set New Price Targets

A number of analysts recently issued reports on DVN shares. Mizuho set a $51.00 price objective on Devon Energy in a research report on Tuesday, February 3rd. Roth Mkm reaffirmed a “buy” rating and set a $50.00 price target on shares of Devon Energy in a research note on Thursday, February 19th. Susquehanna lifted their price target on Devon Energy from $47.00 to $52.00 and gave the company a “positive” rating in a report on Friday, February 20th. Sanford C. Bernstein lowered 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. Finally, Piper Sandler increased their price objective on Devon Energy from $55.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday. Twenty-three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Devon Energy Price Performance

Shares of Devon Energy stock opened at $44.51 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $40.44 and a 200-day simple moving average of $36.90. The stock has a market capitalization of $27.60 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 4.50 and a beta of 0.56. Devon Energy Corporation has a 1-year low of $25.89 and a 1-year high of $46.15.

Devon Energy (NYSE:DVN) last announced its earnings results on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $17.19 billion for the quarter, compared to the consensus estimate of $3.67 billion. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. On average, sell-side analysts expect that Devon Energy Corporation will post 4.85 earnings per share for the current year.

Devon Energy Announces Dividend

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

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.