Devon Energy Corporation $DVN Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in Devon Energy Corporation (NYSE:DVN) by 25.2% in the 3rd quarter, Holdings Channel reports. The fund owned 280,247 shares of the energy company’s stock after acquiring an additional 56,493 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Devon Energy were worth $9,825,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DVN. TD Asset Management Inc lifted its position in shares of Devon Energy by 6.4% in the second quarter. TD Asset Management Inc now owns 267,322 shares of the energy company’s stock valued at $8,504,000 after acquiring an additional 16,106 shares in the last quarter. Natixis increased its position in Devon Energy by 101.4% during the 2nd quarter. Natixis now owns 73,902 shares of the energy company’s stock worth $2,351,000 after purchasing an additional 37,211 shares in the last quarter. CWM LLC raised its stake in Devon Energy by 70.0% in the 3rd quarter. CWM LLC now owns 336,861 shares of the energy company’s stock valued at $11,810,000 after purchasing an additional 138,717 shares during the last quarter. Stephens Inc. AR lifted its holdings in Devon Energy by 90.4% in the 2nd quarter. Stephens Inc. AR now owns 72,546 shares of the energy company’s stock valued at $2,308,000 after purchasing an additional 34,448 shares in the last quarter. Finally, Scott & Selber Inc. purchased a new position in Devon Energy in the 2nd quarter valued at about $2,455,000. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Devon Energy from $33.00 to $36.00 and gave the stock a “hold” rating in a report on Tuesday. Scotiabank lowered shares of Devon Energy from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $47.00 to $41.00 in a research report on Thursday, January 15th. Mizuho boosted their price target on Devon Energy from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Siebert Williams Shank reduced their price target on Devon Energy from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Wells Fargo & Company lowered their price objective on Devon Energy from $43.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.31.

Devon Energy Trading Up 1.7%

DVN stock 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. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 3.44 and a beta of 0.60. The business has a fifty day simple moving average of $36.57 and a 200-day simple moving average of $34.81. Devon Energy Corporation has a 52 week low of $25.89 and a 52 week high of $39.19.

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

Devon Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $0.24 dividend. 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 payout ratio is currently 22.59%.

Key Headlines 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?

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.