Devon Energy (DVN) – Research Analysts’ Weekly Ratings Changes

Devon Energy (NYSE: DVN) has recently received a number of price target changes and ratings updates:

• 7/9/2026 – Devon Energy had its price target lowered by Truist Financial Corporation from $66.00 to $61.00. They now have a “buy” rating on the stock.
• 7/8/2026 – Devon Energy had its price target lowered by JPMorgan Chase & Co. from $62.00 to $55.00. They now have an “overweight” rating on the stock.
• 6/30/2026 – Devon Energy had its price target lowered by The Goldman Sachs Group, Inc. from $54.00 to $53.00. They now have a “buy” rating on the stock.
• 6/26/2026 – Devon Energy had its price target lowered by Morgan Stanley from $66.00 to $63.00. They now have an “overweight” rating on the stock.
• 6/23/2026 – Devon Energy was given a new $54.00 price target by The Goldman Sachs Group, Inc..
• 6/23/2026 – Devon Energy was upgraded by The Goldman Sachs Group, Inc. to “strong-buy”.
• 6/22/2026 – Devon Energy was given a new $67.00 price target by Wolfe Research. They now have an “outperform” rating on the stock.
• 6/21/2026 – Devon Energy was downgraded by Wall Street Zen from “buy” to “hold”.
• 6/15/2026 – Devon Energy had its price target lowered by Raymond James Financial, Inc. from $72.00 to $66.00. They now have a “strong-buy” rating on the stock.
• 6/13/2026 – Devon Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 6/11/2026 – Devon Energy had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 6/10/2026 – Devon Energy had its “outperform” rating reaffirmed by BMO Capital Markets.
• 6/10/2026 – Devon Energy had its price target lowered by UBS Group AG from $60.00 to $58.00. They now have a “buy” rating on the stock.
• 6/10/2026 – Devon Energy was upgraded by Evercore Inc from “in-line” to “outperform”. They now have a $54.00 price target on the stock.
• 6/10/2026 – Devon Energy had its price target raised by Argus from $51.00 to $53.00. They now have a “buy” rating on the stock.
• 6/8/2026 – Devon Energy is now covered by JPMorgan Chase & Co.. They set an “overweight” rating and a $62.00 price target on the stock.
• 6/2/2026 – Devon Energy had its price target lowered by Capital One Financial Corporation from $63.00 to $61.00. They now have an “overweight” rating on the stock.
• 6/1/2026 – Devon Energy had its price target raised by Truist Financial Corporation from $63.00 to $66.00. They now have a “buy” rating on the stock.
• 5/27/2026 – Devon Energy had its price target raised by Mizuho from $62.00 to $68.00. They now have an “outperform” rating on the stock.
• 5/27/2026 – Devon Energy was downgraded by Zacks Research from “strong-buy” to “hold”.
• 5/26/2026 – Devon Energy had its price target raised by Barclays PLC from $54.00 to $62.00. They now have an “overweight” rating on the stock.
• 5/21/2026 – Devon Energy had its price target raised by Morgan Stanley from $59.00 to $66.00. They now have an “overweight” rating on the stock.
• 5/20/2026 – Devon Energy had its price target raised by Citigroup Inc. from $60.00 to $65.00. They now have a “buy” rating on the stock.
• 5/18/2026 – Devon Energy had its price target raised by Jefferies Financial Group Inc. from $62.00 to $63.00. They now have a “buy” rating on the stock.
• 5/18/2026 – Devon Energy had its price target raised by Wells Fargo & Company from $66.00 to $68.00. They now have an “overweight” rating on the stock.
• 5/17/2026 – Devon Energy was downgraded by Wall Street Zen from “buy” to “hold”.
• 5/15/2026 – Devon Energy is now covered by Evercore Inc. They set an “in-line” rating and a $54.00 price target on the stock.
• 5/13/2026 – Devon Energy had its price target raised by BMO Capital Markets from $60.00 to $65.00. They now have an “outperform” rating on the stock.

Devon Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. This is a boost from Devon Energy’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 15th. Devon Energy’s dividend payout ratio is presently 35.65%.

Insider Activity at Devon Energy

In other Devon Energy news, SVP Andrea Alexander sold 18,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total value of $841,320.00. Following the completion of the transaction, the senior vice president owned 138,529 shares in the company, valued at $6,474,845.46. This represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Adam M. Vela sold 24,342 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.21, for a total value of $1,149,185.82. Following the transaction, the senior vice president directly owned 130,540 shares in the company, valued at approximately $6,162,793.40. The trade was a 15.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 112,371 shares of company stock valued at $5,258,059 over the last ninety days. Insiders own 4.58% of the company’s stock.

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.