Aberdeen Group plc Reduces Stake in Devon Energy Corporation $DVN

Aberdeen Group plc lowered its position in Devon Energy Corporation (NYSE:DVN) by 24.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 264,344 shares of the energy company’s stock after selling 87,336 shares during the quarter. Aberdeen Group plc’s holdings in Devon Energy were worth $9,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its stake in shares of Devon Energy by 65.7% during the 3rd quarter. ORG Partners LLC now owns 888 shares of the energy company’s stock worth $31,000 after acquiring an additional 352 shares during the last quarter. MAI Capital Management boosted its stake in shares of Devon Energy by 2.3% during the second quarter. MAI Capital Management now owns 17,647 shares of the energy company’s stock valued at $561,000 after purchasing an additional 395 shares during the period. IHT Wealth Management LLC grew its holdings in shares of Devon Energy by 1.6% in the second quarter. IHT Wealth Management LLC now owns 24,904 shares of the energy company’s stock worth $792,000 after purchasing an additional 399 shares during the last quarter. M.E. Allison & CO. Inc. lifted its holdings in Devon Energy by 6.0% during the 3rd quarter. M.E. Allison & CO. Inc. now owns 7,063 shares of the energy company’s stock valued at $248,000 after buying an additional 400 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc boosted its position in Devon Energy by 5.6% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 7,560 shares of the energy company’s stock valued at $269,000 after buying an additional 403 shares during the period. 69.72% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Q4 results beat expectations — EPS came in roughly $0.82 and revenue/production topped estimates, with costs down; the result and accompanying commentary emphasized strong cash flow generation. Devon Q4 Earnings & Revenues Beat Estimates, Production Increases
• Positive Sentiment: All-stock merger with Coterra announced — management frames the deal as reshaping Devon’s shale scale and return profile, which could boost operational scale and free cash flow per share over time. Devon Energy Coterra All Stock Merger Reshapes Shale Scale And Returns
• Positive Sentiment: Dividend increased — company announced a meaningful raise to its dividend (reported ~31% to $0.315/share), supporting yield and shareholder return narrative. Income-focused investors will view this favorably. Devon Energy raises dividend by 31% to $0.315 per share
• Positive Sentiment: Analyst upgrade/price-target lift — Wolfe Research raised its price target to $58 and maintained an outperform rating, signaling upside potential from current levels. Wolfe Research adjusts price target on Devon Energy to $58 from $57, maintains outperform rating
• Positive Sentiment: Earnings call flagged a “cash-rich” outlook — management emphasized strong free-cash-flow potential and capital allocation flexibility (supports buybacks/dividends or M&A tailwinds). Devon Energy Earnings Call Flags Cash-Rich Future
• Neutral Sentiment: Analyst opinions remain mixed overall — while some firms rate DVN a buy, coverage shows varying views on valuation and the merger/strategy impact, so sentiment isn’t unanimous. Wall Street Analysts See Devon Energy (DVN) as a Buy: Should You Invest? Analysts Conflicted on These Energy Names: Devon Energy (DVN) and Select Energy Services (WTTR)
• Negative Sentiment: New AI/technology risk disclosure — Devon disclosed increased use of AI and emerging tech, flagging heightened regulatory, cybersecurity and performance risks that could create operational or compliance exposure. Devon Energy’s AI Push Brings Efficiency Hopes but Heightened Regulatory, Cybersecurity and Performance Risks

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DVN shares. Morgan Stanley decreased their target price on Devon Energy from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. UBS Group set a $50.00 price objective on shares of Devon Energy in a research note on Wednesday, February 4th. Roth Mkm reissued a “buy” rating and set a $50.00 target price on shares of Devon Energy in a research report on Thursday. Citigroup boosted their price target on shares of Devon Energy from $43.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Devon Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.81.

Devon Energy Stock Performance

NYSE DVN opened at $44.69 on Friday. The firm has a market capitalization of $28.04 billion, a P/E ratio of 10.72, a PEG ratio of 4.04 and a beta of 0.61. The stock has a 50-day simple moving average of $38.78 and a two-hundred day simple moving average of $36.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.98. Devon Energy Corporation has a fifty-two week low of $25.89 and a fifty-two week high of $46.15.

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

Devon Energy Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, March 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. Devon Energy’s payout ratio is 23.02%.

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.