Choreo LLC Has $918,000 Stake in Devon Energy Corporation $DVN

Choreo LLC grew its position in Devon Energy Corporation (NYSE:DVN) by 93.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,197 shares of the energy company’s stock after purchasing an additional 12,638 shares during the period. Choreo LLC’s holdings in Devon Energy were worth $918,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Woodline Partners LP grew its stake in shares of Devon Energy by 98.8% during the 1st quarter. Woodline Partners LP now owns 115,780 shares of the energy company’s stock worth $4,330,000 after acquiring an additional 57,555 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Devon Energy in the second quarter worth $403,000. Hantz Financial Services Inc. boosted its holdings in Devon Energy by 1,169.9% during the second quarter. Hantz Financial Services Inc. now owns 1,727 shares of the energy company’s stock worth $55,000 after purchasing an additional 1,591 shares during the last quarter. Simon Quick Advisors LLC bought a new position in Devon Energy in the second quarter valued at $275,000. Finally, Creative Financial Designs Inc. ADV increased its stake in Devon Energy by 63.3% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,411 shares of the energy company’s stock valued at $45,000 after buying an additional 547 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors.

Devon Energy Price Performance

Devon Energy stock opened at $43.97 on Wednesday. The company has a market capitalization of $27.26 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 4.36 and a beta of 0.56. 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 12 month low of $25.89 and a 12 month high of $46.15. The stock’s 50 day moving average is $39.96 and its 200-day moving average is $36.67.

Devon Energy (NYSE:DVN) last released its quarterly 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. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The business had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period last year, the firm posted $1.10 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities research analysts expect that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Devon Energy’s dividend payout ratio is 23.02%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Roth Mkm restated a “buy” rating and set a $50.00 price objective on shares of Devon Energy in a research note on Thursday, February 19th. Zacks Research cut Devon Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Mizuho set a $51.00 price target on Devon Energy in a research note on Tuesday, February 3rd. Capital One Financial dropped their price objective on Devon Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Finally, Scotiabank cut their price objective on Devon Energy from $45.00 to $41.00 and set a “sector perform” rating for the company in a report on Monday, February 23rd. Twenty-three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.74.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: BMO Capital Markets raised its price target on DVN to $55 from $45 and reiterated an “Outperform” rating — implying roughly ~24% upside from the referenced price — which supports a bullish near-term view. MarketScreener
• Positive Sentiment: Mizuho reaffirmed its “Outperform” rating and $51 price target after Devon’s Q4 results (adjusted EPS $0.82; revenue beat at ~$4.12B). Analyst support and the revenue beat underpin investor confidence. Mizuho Reaffirms Outperform
• Positive Sentiment: Geopolitical risk: coverage highlights that recent US‑Israel strikes on Iran could push oil prices higher. As a large U.S. E&P, Devon stands to benefit from higher hydrocarbon prices if disruptions widen, providing an upside catalyst separate from company-specific news. Oil Prices Set to Spike
• Neutral Sentiment: Devon’s Q4 results showed adjusted EPS roughly in line with consensus while revenue beat — a mixed report that removes downside surprise risk but doesn’t dramatically raise near-term earnings guidance.
• Negative Sentiment: Zacks Research cut multiple near‑term EPS forecasts (Q2 2026, Q4 2026, Q4 2027) and assigns a “Strong Sell” rating, signaling lowered expectations for Devon’s earnings trajectory and weighing on sentiment. (Consensus FY2026 remains near $4.85/share.)
• Negative Sentiment: Scotiabank lowered its FY2027 EPS estimates, further adding to the wave of downward revisions to forward earnings that could pressure the stock until clarity on volumes/prices and capital returns emerges. American Banking News

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.