National Pension Service Has $46.15 Million Holdings in Devon Energy Corporation $DVN

National Pension Service grew its stake in Devon Energy Corporation (NYSE:DVN) by 6.6% in the third quarter, HoldingsChannel reports. The fund owned 1,316,245 shares of the energy company’s stock after acquiring an additional 82,065 shares during the period. National Pension Service’s holdings in Devon Energy were worth $46,148,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DVN. PFS Partners LLC acquired a new position in Devon Energy during the 3rd quarter worth $25,000. First Horizon Corp bought a new stake in shares of Devon Energy during the third quarter worth $26,000. Caldwell Trust Co acquired a new position in shares of Devon Energy during the second quarter valued at $25,000. ORG Partners LLC boosted its holdings in Devon Energy by 65.7% in the third quarter. ORG Partners LLC now owns 888 shares of the energy company’s stock valued at $31,000 after acquiring an additional 352 shares during the last quarter. Finally, American National Bank & Trust increased its position in Devon Energy by 2,638.9% in the third quarter. American National Bank & Trust now owns 986 shares of the energy company’s stock worth $35,000 after purchasing an additional 950 shares during the period. 69.72% of the stock is owned by institutional investors.

Devon Energy Stock Down 0.4%

Shares of NYSE:DVN opened at $40.06 on Tuesday. The company has a 50 day moving average price of $37.07 and a two-hundred day moving average price of $35.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96. The company has a market capitalization of $25.13 billion, a PE ratio of 9.43, a PEG ratio of 3.66 and a beta of 0.60. Devon Energy Corporation has a 52 week low of $25.89 and a 52 week high of $41.31.

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 the consensus estimate of $0.93 by $0.11. The company had revenue of $0.00 million during the quarter, compared to analyst estimates of $4.10 billion. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. During the same quarter in the previous year, the business earned $1.10 EPS. Analysts forecast that Devon Energy Corporation will post 4.85 earnings per share for the current year.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, December 15th. Devon Energy’s payout ratio is 22.59%.

Analysts Set New Price Targets

A number of research firms have issued reports on DVN. Piper Sandler cut their target price on shares of Devon Energy from $57.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Barclays boosted their price target on shares of Devon Energy from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. Weiss Ratings raised shares of Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada set a $42.00 target price on shares of Devon Energy and gave the stock a “sector perform” rating in a report on Friday, October 10th. Finally, Benchmark reissued a “buy” rating on shares of Devon Energy in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.76.

More Devon Energy News

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

• Positive Sentiment: Merger creates a much larger shale operator with top-tier Delaware Basin assets and scale that management says will deliver cost synergies and a stronger free‑cash‑flow profile — a strategic rationale that can support long‑term value. Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator
• Positive Sentiment: Major shareholder Kimmeridge publicly supports the deal, signaling alignment from a material investor in both companies — this reduces the risk of immediate shareholder resistance and helps the merger’s credibility. KIMMERIDGE COMMENTS ON PROPOSED MERGER OF COTERRA AND DEVON
• Neutral Sentiment: Wide media coverage frames the transaction as merger‑of‑equals scale consolidation across U.S. shale (many articles highlight EV ≈ $58B and the combined company’s footprint) — useful context but not a direct share‑price catalyst by itself. This $58 Billion Merger is Creating a New U.S. Oil and Gas Giant
• Negative Sentiment: Shares initially dipped on the announcement as investors weigh integration risk, share dilution and execution risk from a large all‑stock deal (Devon shareholders would own ~54% of the combined company). Early market reaction can sap near‑term upside. DVN, CTRA: Devon, Coterra Stocks Slide on $58B Merger to Create ‘Premier’ Shale Operator
• Negative Sentiment: Multiple law firms (Halper Sadeh, Monteverde/M&A Class Action) have launched investigations or alerts about the fairness of the transaction for Devon shareholders — potential litigation and proxy fights add short‑term legal and governance uncertainty. $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Devon Energy Corporation (NYSE: DVN) DVN Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Devon Energy Corporation is Fair to Shareholders

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.