Cheviot Value Management LLC Sells 15,845 Shares of Devon Energy Corporation $DVN

Cheviot Value Management LLC lessened its stake in shares of Devon Energy Corporation (NYSE:DVN) by 35.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,299 shares of the energy company’s stock after selling 15,845 shares during the quarter. Cheviot Value Management LLC’s holdings in Devon Energy were worth $938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Asset Management Inc grew its position in shares of Devon Energy by 6.4% in the 2nd quarter. TD Asset Management Inc now owns 267,322 shares of the energy company’s stock worth $8,504,000 after buying an additional 16,106 shares during the last quarter. Natixis boosted its stake in Devon Energy by 101.4% in the second quarter. Natixis now owns 73,902 shares of the energy company’s stock valued at $2,351,000 after acquiring an additional 37,211 shares in the last quarter. CWM LLC boosted its stake in Devon Energy by 70.0% in the third quarter. CWM LLC now owns 336,861 shares of the energy company’s stock valued at $11,810,000 after acquiring an additional 138,717 shares in the last quarter. Stephens Inc. AR grew its holdings in Devon Energy by 90.4% in the second quarter. Stephens Inc. AR now owns 72,546 shares of the energy company’s stock worth $2,308,000 after purchasing an additional 34,448 shares during the last quarter. Finally, Scott & Selber Inc. acquired a new position in shares of Devon Energy during the second quarter worth $2,455,000. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

Devon Energy Trading Up 1.7%

Shares of NYSE:DVN opened at $38.63 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Devon Energy Corporation has a 52-week low of $25.89 and a 52-week high of $39.19. The stock has a market cap of $24.23 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 3.50 and a beta of 0.60. The business has a 50-day moving average price of $36.57 and a 200-day moving average price of $34.81.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. The company had revenue of $0.00 million for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the company earned $1.10 EPS. Equities analysts predict that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, December 15th. Devon Energy’s dividend payout ratio (DPR) is 22.59%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DVN. Johnson Rice lowered their price objective on Devon Energy from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Benchmark reiterated a “buy” rating on shares of Devon Energy in a research note on Friday, January 16th. Roth Mkm restated a “buy” rating and set a $42.00 price target on shares of Devon Energy in a research note on Wednesday, December 31st. Susquehanna upped their price objective on shares of Devon Energy from $40.00 to $42.00 and gave the company a “positive” rating in a report on Wednesday, November 12th. Finally, Siebert Williams Shank lowered their target price on shares of Devon Energy from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.31.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: BofA raised its price target to $46 and kept a Buy rating, citing Devon’s resilient portfolio — a clear vote of confidence that can support further upside. BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio
• Positive Sentiment: Barclays analyst commentary flagged upside for DVN and said the stock is expected to rise, adding momentum to the bullish narrative. Devon Energy (NYSE:DVN) Stock Price Expected to Rise, Barclays Analyst Says
• Positive Sentiment: Investor’s Business Daily upgraded DVN’s relative price strength, a technical endorsement that often attracts momentum-focused traders. IBD rating upgrades: Devon Energy shows improved relative price strength
• Neutral Sentiment: Seeking Alpha published a bullish take noting “continued room to grow,” but this is an analytic view rather than a concrete catalyst. Devon Energy Has Continued Room To Grow
• Neutral Sentiment: Zacks noted DVN outperformed the market in the recent session (stock moved higher), but this is observational and not a fresh fundamental driver. Devon Energy (DVN) Surpasses Market Returns: Some Facts Worth Knowing
• Neutral Sentiment: Two analyst roundups (The Globe and Mail) discussed Devon alongside peers — useful context but no major new catalyst. Analysts Offer Insights on Energy Companies: Devon Energy (DVN) and Kinder Morgan (KMI)
• Neutral Sentiment: An American Banking News note raised a price target to $36 (a raise from prior levels but below current trading), which limits perceived upside relative to other higher PTs. Devon Energy (NYSE:DVN) Price Target Raised to $36.00
• Negative Sentiment: A Yahoo/Finance piece questioned whether investors should “reconsider” DVN after mixed share performance, flagging that some caution remains amid variable flows and market conditions. Is It Time To Reconsider Devon Energy (DVN) After Mixed Share Price Performance?

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.