Weekly Analysts’ Ratings Changes for Devon Energy (DVN)

A number of firms have modified their ratings and price targets on shares of Devon Energy (NYSE: DVN) recently:

• 7/21/2026 – Devon Energy had its price target raised by Susquehanna from $57.00 to $63.00. They now have a “positive” rating on the stock.
• 7/16/2026 – Devon Energy had its price target lowered by Raymond James Financial, Inc. from $66.00 to $64.00. They now have a “strong-buy” rating on the stock.
• 7/15/2026 – Devon Energy had its price target lowered by UBS Group AG from $58.00 to $54.00. They now have a “buy” rating on the stock.
• 7/9/2026 – Devon Energy had its price target lowered by Truist Financial Corporation from $66.00 to $61.00. They now have a “buy” rating on the stock.
• 7/8/2026 – Devon Energy had its price target lowered by JPMorgan Chase & Co. from $62.00 to $55.00. They now have an “overweight” rating on the stock.
• 6/30/2026 – Devon Energy had its price target lowered by The Goldman Sachs Group, Inc. from $54.00 to $53.00. They now have a “buy” rating on the stock.
• 6/26/2026 – Devon Energy had its price target lowered by Morgan Stanley from $66.00 to $63.00. They now have an “overweight” rating on the stock.
• 6/23/2026 – Devon Energy was given a new $54.00 price target by The Goldman Sachs Group, Inc..
• 6/23/2026 – Devon Energy was upgraded by The Goldman Sachs Group, Inc. to “strong-buy”.
• 6/22/2026 – Devon Energy was given a new $67.00 price target by Wolfe Research. They now have an “outperform” rating on the stock.
• 6/21/2026 – Devon Energy was downgraded by Wall Street Zen from “buy” to “hold”.
• 6/15/2026 – Devon Energy had its price target lowered by Raymond James Financial, Inc. from $72.00 to $66.00. They now have a “strong-buy” rating on the stock.
• 6/13/2026 – Devon Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 6/11/2026 – Devon Energy had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 6/10/2026 – Devon Energy had its “outperform” rating reaffirmed by BMO Capital Markets.
• 6/10/2026 – Devon Energy had its price target lowered by UBS Group AG from $60.00 to $58.00. They now have a “buy” rating on the stock.
• 6/10/2026 – Devon Energy was upgraded by Evercore Inc from “in-line” to “outperform”. They now have a $54.00 price target on the stock.
• 6/10/2026 – Devon Energy had its price target raised by Argus from $51.00 to $53.00. They now have a “buy” rating on the stock.
• 6/8/2026 – Devon Energy is now covered by JPMorgan Chase & Co.. They set an “overweight” rating and a $62.00 price target on the stock.
• 6/2/2026 – Devon Energy had its price target lowered by Capital One Financial Corporation from $63.00 to $61.00. They now have an “overweight” rating on the stock.
• 6/1/2026 – Devon Energy had its price target raised by Truist Financial Corporation from $63.00 to $66.00. They now have a “buy” rating on the stock.

Devon Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from Devon Energy’s previous quarterly dividend of $0.24. Devon Energy’s dividend payout ratio (DPR) is 35.65%.

Insider Activity at Devon Energy

In other Devon Energy news, SVP Andrea Alexander sold 18,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $46.74, for a total transaction of $841,320.00. Following the sale, the senior vice president directly owned 138,529 shares in the company, valued at approximately $6,474,845.46. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey L. Ritenour sold 70,029 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $46.66, for a total value of $3,267,553.14. Following the completion of the sale, the executive vice president directly owned 428,452 shares in the company, valued at $19,991,570.32. This trade represents a 14.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 112,371 shares of company stock valued at $5,258,059 in the last ninety days. Corporate insiders own 4.58% of the company’s stock.

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.