Apollon Wealth Management LLC Sells 13,110 Shares of Devon Energy Corporation $DVN

Apollon Wealth Management LLC trimmed its position in shares of Devon Energy Corporation (NYSE:DVN) by 29.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,859 shares of the energy company’s stock after selling 13,110 shares during the period. Apollon Wealth Management LLC’s holdings in Devon Energy were worth $1,130,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Caldwell Trust Co acquired a new stake in Devon Energy during the second quarter valued at approximately $25,000. PFS Partners LLC acquired a new stake in Devon Energy during the third quarter valued at approximately $25,000. First Horizon Corp acquired a new stake in Devon Energy during the third quarter valued at approximately $26,000. Accredited Wealth Management LLC boosted its holdings in Devon Energy by 61.6% during the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock valued at $28,000 after purchasing an additional 308 shares in the last quarter. Finally, Ameriflex Group Inc. boosted its holdings in Devon Energy by 702.0% during the third quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock valued at $28,000 after purchasing an additional 702 shares in the last quarter. 69.72% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Sanford C. Bernstein raised its price target to $59 and kept an Outperform rating, signaling confidence in Devon’s fundamentals and upside potential. Bernstein adjusts price target on Devon Energy to $59 from $42; maintains Outperform
• Positive Sentiment: Jefferies lifted its target to $53 (maintained Hold), and BMO recently raised its target to ~$60 — multiple broker upgrades point to constructive medium‑term views among some analysts. Jefferies adjusts price target on Devon Energy to $53 from $44; maintains Hold
• Positive Sentiment: Zacks (and other outlets) have lifted Q1 EPS estimates for Devon, suggesting analysts expect better near-term earnings relative to prior assumptions. Q1 EPS Estimates for Devon Energy Lifted by Zacks Research
• Positive Sentiment: Unusually large call buying was reported (≈37,050 calls, ~41% above average), which can indicate bullish positioning or speculative interest ahead of catalysts. (No external link available.)
• Neutral Sentiment: Devon was named in a Seeking Alpha “Undercovered Dozen” piece — useful for awareness/visibility but not an immediate price driver. Undercovered Dozen: Zscaler, Aeluma, Devon Energy And More
• Neutral Sentiment: Devon has its Q1 2026 earnings scheduled for May 5 — that upcoming report is a near-term catalyst that may re-center stock action away from macro headlines. Devon Energy falls as crude prices pull back and an analyst cuts its price target
• Negative Sentiment: Crude prices eased on reports of rising hopes for renewed U.S.–Iran talks; the oil pullback is a clear headwind for U.S. E&P names like Devon and likely drove immediate selling pressure. Devon Energy falls as crude prices pull back and an analyst cuts its price target
• Negative Sentiment: Susquehanna cut its price target to $41 from $52 (while keeping a Positive rating), and that note added incremental selling pressure amid the oil weakness. Devon Energy falls as crude prices pull back and an analyst cuts its price target
• Negative Sentiment: Market reports noted Devon settled lower on the session, reflecting the combination of macro oil moves and analyst-note flows. Devon Energy (DVN) Stock Dips While Market Gains: Key Facts

Devon Energy Price Performance

Shares of NYSE DVN opened at $45.26 on Wednesday. The firm has a market cap of $28.13 billion, a PE ratio of 10.85, a PEG ratio of 0.92 and a beta of 0.47. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.48. Devon Energy Corporation has a 1-year low of $28.35 and a 1-year high of $52.71. The company has a fifty day moving average price of $46.28 and a 200 day moving average price of $39.39.

Devon Energy (NYSE:DVN) last announced its earnings results on Tuesday, February 17th. The energy company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.67 billion. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. Research analysts predict that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was 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 recent research reports. Sanford C. Bernstein lifted their price objective on Devon Energy from $42.00 to $59.00 and gave the company an “outperform” rating in a report on Monday. Siebert Williams Shank lifted their price objective on Devon Energy from $46.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 26th. Wells Fargo & Company lifted their price objective on Devon Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Benchmark reaffirmed a “buy” rating on shares of Devon Energy in a report on Friday, January 16th. Finally, Citigroup lifted their price objective on Devon Energy from $44.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $53.29.

Devon Energy 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.