Short Interest in Devon Energy Corporation (NYSE:DVN) Drops By 12.6%

Devon Energy Corporation (NYSE:DVN) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 19,329,707 shares, a decrease of 12.6% from the January 15th total of 22,124,137 shares. Based on an average trading volume of 9,083,444 shares, the short-interest ratio is presently 2.1 days. Approximately 3.1% of the shares of the company are short sold. Approximately 3.1% of the shares of the company are short sold. Based on an average trading volume of 9,083,444 shares, the short-interest ratio is presently 2.1 days.

Devon Energy Price Performance

Shares of Devon Energy stock opened at $44.40 on Thursday. The firm has a market cap of $27.85 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 4.00 and a beta of 0.61. The firm’s 50-day simple moving average is $38.64 and its 200-day simple moving average is $35.97. Devon Energy has a twelve month low of $25.89 and a twelve month high of $45.32. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Devon Energy had a return on equity of 16.39% and a net margin of 15.37%.The company had revenue of $17.19 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, research analysts expect that Devon Energy will post 4.85 EPS for the current fiscal year.

Devon Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. Devon Energy’s dividend payout ratio (DPR) is presently 23.02%.

Hedge Funds Weigh In On Devon Energy

Several institutional investors have recently added to or reduced their stakes in the company. PFS Partners LLC bought a new stake in Devon Energy during the third quarter worth about $25,000. First Horizon Corp bought a new stake in Devon Energy during the 3rd quarter worth approximately $26,000. Caldwell Trust Co acquired a new stake in Devon Energy during the 2nd quarter valued at $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in Devon Energy during the 4th quarter valued at $29,000. Finally, Ameriflex Group Inc. raised its position in Devon Energy by 702.0% in the 3rd quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock valued at $28,000 after purchasing an additional 702 shares during the last quarter. 69.72% of the stock is owned by institutional investors.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Q4 results slightly beat expectations — Devon reported $0.82 EPS vs. $0.81 consensus and revenue topped estimates, with production up and unit costs improving; the company emphasized a cash‑rich outlook on the earnings call, supporting buyback/dividend capacity. Devon Energy tops fourth-quarter profit estimates on production boost
• Positive Sentiment: All‑stock merger with Coterra announced — the deal is presented as reshaping Devon’s shale scale and return profile, which can drive synergies and higher free cash flow over time. Devon Energy Coterra All Stock Merger Reshapes Shale Scale And Returns
• Positive Sentiment: Dividend and capital return uplift — company declared a quarterly dividend and multiple reports note management raised the payout (Seeking Alpha flags a ~31% raise to $0.315), reinforcing the yield/cash‑return story that investors reward. Devon Energy raises dividend by 31% to $0.315 per share
• Positive Sentiment: Analyst support — Wolfe Research raised its price target to $58 and maintained an Outperform, signaling bullish analyst sentiment that can attract buyers. Wolfe Research adjusts price target on Devon Energy to $58
• Neutral Sentiment: Mixed analyst views across the energy sector — some outlets note analysts are conflicted on DVN and peers, reflecting divergent takes on merger benefits vs. commodity risk. Analysts Conflicted on These Energy Names: Devon Energy (DVN) and Select Energy Services (WTTR)
• Negative Sentiment: Management disclosed a new Technology/AI risk — Devon’s push to embed AI raises potential regulatory, cybersecurity and performance risks that could increase costs or operational exposure. Devon Energy’s AI Push Brings Efficiency Hopes but Heightened Regulatory, Cybersecurity and Performance Risks
• Negative Sentiment: Underlying profitability and cash flow compression YoY — several reports note steep year‑over‑year declines in profits and operating cash versus 2024, which tempers the beat and could limit upside if commodity prices weaken. Devon Energy Profit, Revenue Slip Ahead of Coterra Merger

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DVN. 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 note on Friday, January 23rd. Siebert Williams Shank upped their price target on Devon Energy from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Mizuho set a $51.00 price objective on shares of Devon Energy in a research note on Tuesday, February 3rd. Benchmark reaffirmed a “buy” rating on shares of Devon Energy in a research report on Friday, January 16th. Finally, Capital One Financial reduced their price target on shares of Devon Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.32.

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.