Captrust Financial Advisors Purchases 21,383 Shares of Devon Energy Corporation $DVN

Captrust Financial Advisors lifted its position in shares of Devon Energy Corporation (NYSE:DVN) by 1.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,443,837 shares of the energy company’s stock after buying an additional 21,383 shares during the quarter. Captrust Financial Advisors owned about 0.23% of Devon Energy worth $50,621,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Woodline Partners LP boosted its holdings in Devon Energy by 98.8% in the 1st quarter. Woodline Partners LP now owns 115,780 shares of the energy company’s stock valued at $4,330,000 after purchasing an additional 57,555 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Devon Energy during the second quarter worth approximately $403,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Devon Energy by 4.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 157,479 shares of the energy company’s stock worth $5,009,000 after purchasing an additional 7,254 shares during the period. SG Americas Securities LLC raised its position in shares of Devon Energy by 47.1% in the second quarter. SG Americas Securities LLC now owns 20,625 shares of the energy company’s stock valued at $656,000 after buying an additional 6,602 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Devon Energy by 40.0% in the second quarter. Intech Investment Management LLC now owns 39,455 shares of the energy company’s stock valued at $1,255,000 after buying an additional 11,273 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy Stock Performance

Shares of NYSE:DVN opened at $48.12 on Thursday. Devon Energy Corporation has a 1 year low of $25.89 and a 1 year high of $48.17. The stock has a market capitalization of $29.83 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.90. The company’s 50 day simple moving average is $41.99 and its 200 day simple moving average is $37.48.

Devon Energy (NYSE:DVN) last released 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. The firm had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 earnings per share. As a group, research analysts predict that Devon Energy Corporation will post 4.85 EPS for the current fiscal year.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, March 13th. Devon Energy’s dividend payout ratio is currently 23.02%.

Analyst Upgrades and Downgrades

DVN has been the topic of a number of analyst reports. Scotiabank reduced their price target on Devon Energy from $45.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Monday, February 23rd. Argus lifted their price objective on Devon Energy from $41.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, February 26th. TD Cowen upped their target price on Devon Energy from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Tuesday. Benchmark reissued a “buy” rating on shares of Devon Energy in a report on Friday, January 16th. Finally, UBS Group raised their price target on Devon Energy from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Twenty-three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.37.

Devon Energy News Summary

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

• Positive Sentiment: Barclays has pushed a more bullish view on DVN (buy/strong price outlook), helping lift investor sentiment and underpin recent gains. Barclays Forecasts Strong Price Appreciation for Devon Energy (NYSE:DVN) Stock
• Positive Sentiment: Mizuho raised its price target sharply to $62 and assigned an “outperform” — implying nearly 29% upside vs. recent levels — which is a clear catalyst for further share gains. Mizuho PT Raise to $62
• Positive Sentiment: Devon hit a new 52‑week high following analyst upgrades, signaling momentum and fresh buying interest from momentum and institutional traders. Devon Energy (NYSE:DVN) Sets New 52-Week High After Analyst Upgrade
• Positive Sentiment: Forbes notes a 5‑day winning streak and roughly $2.3 billion market‑cap gain over that span, highlighting strong short‑term demand for DVN shares. Why Energy Bulls Are Flocking To Devon
• Positive Sentiment: Sector dynamics (oil prices above $80 amid Middle East tensions) are benefiting top E&P names including Devon, increasing cash‑flow visibility and underpinning dividends/buybacks. 5 Oil and Gas Stocks That Benefit From Soaring Crude Prices
• Positive Sentiment: Commentary (The Motley Fool) highlights Devon’s low costs, strong free cash flow and a pending Coterra merger that could boost dividends and buybacks — a longer‑term structural positive for shareholders. 1 Monster Energy Stock to Hold for the Next 20 Years
• Neutral Sentiment: TD Cowen raised its target to $50 but maintained a “hold” rating — a modest vote of confidence on valuation but not a bullish endorsement, which may cap some upside. TD Cowen Remains a Hold on Devon Energy (DVN)
• Neutral Sentiment: Increased retail/internet attention (Zacks, Yahoo) is driving volume and volatility; useful for momentum traders but not a fundamental catalyst by itself. Devon Energy Corporation (DVN) Is a Trending Stock

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.