Devon Energy Corporation (NYSE:DVN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Devon Energy Corporation (NYSE:DVN) have been assigned a consensus rating of “Moderate Buy” from the thirty ratings firms that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $48.8462.

Several brokerages recently commented on DVN. Barclays upped their target price on Devon Energy from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Piper Sandler boosted their price target on Devon Energy from $59.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings upgraded Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 28th. Argus raised their price objective on shares of Devon Energy from $41.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, UBS Group lifted their price objective on shares of Devon Energy from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, March 5th.

Hedge Funds Weigh In On Devon Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in Devon Energy by 0.6% in the 4th quarter. State Street Corp now owns 35,542,293 shares of the energy company’s stock valued at $1,301,914,000 after buying an additional 212,074 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Devon Energy by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 19,177,835 shares of the energy company’s stock worth $700,238,000 after acquiring an additional 186,743 shares in the last quarter. Victory Capital Management Inc. grew its stake in Devon Energy by 17.5% in the fourth quarter. Victory Capital Management Inc. now owns 13,916,979 shares of the energy company’s stock valued at $509,779,000 after acquiring an additional 2,071,021 shares during the period. Dimensional Fund Advisors LP grew its stake in Devon Energy by 6.3% in the third quarter. Dimensional Fund Advisors LP now owns 9,353,062 shares of the energy company’s stock valued at $327,938,000 after acquiring an additional 552,068 shares during the period. Finally, Kimmeridge Energy Management Company LLC increased its holdings in shares of Devon Energy by 56.5% during the fourth quarter. Kimmeridge Energy Management Company LLC now owns 8,850,790 shares of the energy company’s stock valued at $324,204,000 after acquiring an additional 3,195,862 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy News Roundup

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

• Positive Sentiment: Piper Sandler raised its price target to $67 and upgraded Devon to “overweight,” signaling sizable analyst upside vs. the current share level — a catalyst that can attract funds and buy-side interest. Piper Sandler price target raise
• Positive Sentiment: Jim Cramer publicly praised Devon’s “great natural gas portfolio,” reinforcing a positive retail/investor narrative that the company is well positioned if gas tightness or price strength emerges. Media endorsements like this can boost retail flows. Jim Cramer on Devon Energy
• Positive Sentiment: Unusually large call-option volume (roughly 99k calls traded) indicates speculative or hedged bullish positioning by options traders, which often precedes increased directional conviction or volatility in the underlying shares. Options activity report
• Positive Sentiment: Geopolitical tensions in the Middle East and a renewed crude rally have lifted oil and gas prices, improving near‑term revenue visibility for pure‑play producers like Devon. Higher commodity realizations are directly positive for earnings and cash flow. Middle East tensions lift oil
• Neutral Sentiment: S&P 500 futures and macro moves (reports referencing $100 oil expectations) are giving energy names a lift, but broader market direction will determine whether gains persist or reverse. S&P and oil story
• Neutral Sentiment: Coverage pieces note Devon has recently underperformed some energy peers despite analyst optimism; that mixed view can limit momentum until earnings or clearer commodity direction arrives. Underperforming sector note
• Neutral Sentiment: Zacks highlighted that Devon gained while the market dipped, suggesting relative strength today but not necessarily a durable trend without follow‑through. Zacks market note
• Negative Sentiment: Analysis cautioning that U.S. supply dynamics could blunt the financial upside from crude rallies serves as a reminder Devon’s upside may be capped if global price moves prove short‑lived or if domestic production offsets gains. Fool caution on upside

Devon Energy Trading Up 0.2%

Shares of NYSE DVN opened at $46.27 on Friday. The firm has a 50 day moving average price of $41.29 and a two-hundred day moving average price of $37.24. The stock has a market cap of $28.69 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 4.68 and a beta of 0.56. Devon Energy has a 52-week low of $25.89 and a 52-week high of $46.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.98.

Devon Energy (NYSE:DVN) last released its quarterly earnings results on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $17.19 billion for the quarter, compared to analyst estimates of $3.67 billion. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 EPS. As a group, equities analysts forecast that Devon Energy will post 4.85 EPS for the current year.

Devon Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, March 13th. 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.