Ritholtz Wealth Management Raises Stock Holdings in Devon Energy Corporation $DVN

Ritholtz Wealth Management boosted its stake in Devon Energy Corporation (NYSE:DVN) by 38.1% during the third quarter, HoldingsChannel reports. The firm owned 76,353 shares of the energy company’s stock after buying an additional 21,083 shares during the period. Ritholtz Wealth Management’s holdings in Devon Energy were worth $2,677,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. PFS Partners LLC bought a new position in shares of Devon Energy in the 3rd quarter worth $25,000. First Horizon Corp purchased a new position in Devon Energy in the third quarter worth $26,000. Opal Wealth Advisors LLC bought a new position in Devon Energy in the second quarter valued at $25,000. Caldwell Trust Co purchased a new stake in Devon Energy during the second quarter valued at about $25,000. Finally, ORG Partners LLC raised its position in Devon Energy by 65.7% during the third quarter. ORG Partners LLC now owns 888 shares of the energy company’s stock valued at $31,000 after purchasing an additional 352 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors.

Devon Energy Stock Performance

Devon Energy stock opened at $36.19 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The firm has a market cap of $22.70 billion, a P/E ratio of 8.52, a P/E/G ratio of 3.06 and a beta of 0.60. Devon Energy Corporation has a 1-year low of $25.89 and a 1-year high of $38.88. The firm has a 50-day moving average of $36.34 and a 200-day moving average of $34.67.

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

Devon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. Devon Energy’s dividend payout ratio (DPR) is presently 22.59%.

Analyst Ratings Changes

DVN has been the topic of several recent research reports. Citigroup increased their price objective on Devon Energy from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. BMO Capital Markets cut their target price on Devon Energy from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. JPMorgan Chase & Co. decreased their price target on shares of Devon Energy from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company lowered their price objective on shares of Devon Energy from $43.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, October 17th. Finally, Evercore ISI upped their price objective on shares of Devon Energy from $34.00 to $37.00 and gave the company an “in-line” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.21.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Unusual call‑option activity flagged by options scanners, interpreted by some traders as a bet on a dividend hike or other shareholder return (could support the stock if a payout is announced). Devon Energy Unusual Call Option Activity
• Neutral Sentiment: Market commentary and trading notes showing short‑term volatility: Zacks flagged a selloff on 1/15 and noted a prior uptick on 1/14 — indicates headline‑driven moves rather than a single fundamental change. Devon Energy (DVN) Stock Dips While Market Gains: Key Facts
• Neutral Sentiment: Discussion pieces on whether Wall Street analyst views justify positions — useful context but not a direct catalyst. Is It Worth Investing in Devon Energy (DVN)
• Negative Sentiment: Multiple reports that Devon and Coterra are in merger talks — such headlines can create uncertainty over deal terms, potential dilution or leadership changes; initial market reaction saw Devon shares fall while Coterra rose. (coverage: Reuters, Bloomberg, Financial Post) Reuters: Devon and Coterra in merger talks Bloomberg/MSN: Coterra exploring deal Financial Post: Coterra considers combining with Devon
• Negative Sentiment: BMO Capital Markets trimmed its price target on DVN (maintained Outperform) — the cut reduces near‑term upside expectations even though the rating stayed constructive. MarketScreener: BMO cuts price target
• Negative Sentiment: JPMorgan lowered its price target on DVN while keeping an Overweight rating — another downward tweak to analyst targets that can weigh on sentiment even if brokerages remain bullish on longer‑term fundamentals. MarketScreener: JPMorgan adjusts price target

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.