Devon Energy Corporation $DVN Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC decreased its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 23.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,744 shares of the energy company’s stock after selling 13,133 shares during the period. Koss Olinger Consulting LLC’s holdings in Devon Energy were worth $1,529,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Accredited Wealth Management LLC boosted its stake in shares of Devon Energy by 61.6% during the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after buying an additional 308 shares during the period. Ameriflex Group Inc. raised its holdings in Devon Energy by 702.0% during the third quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock worth $28,000 after purchasing an additional 702 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Devon Energy during the third quarter worth about $31,000. Olistico Wealth LLC purchased a new position in Devon Energy during the fourth quarter worth about $31,000. Finally, Elyxium Wealth LLC purchased a new position in Devon Energy during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 69.72% of the company’s stock.

Insider Transactions at Devon Energy

In other Devon Energy news, EVP Jeffrey L. Ritenour sold 70,029 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.66, for a total value of $3,267,553.14. Following the completion of the transaction, the executive vice president directly owned 428,452 shares of the company’s stock, valued at approximately $19,991,570.32. This trade represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Adam M. Vela sold 24,342 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the completion of the transaction, the senior vice president directly owned 130,540 shares of the company’s stock, valued at approximately $6,162,793.40. This trade represents a 15.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.71% of the company’s stock.

Devon Energy Trading Up 1.0%

Shares of Devon Energy stock opened at $44.54 on Friday. Devon Energy Corporation has a 12-month low of $30.24 and a 12-month high of $52.71. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The stock has a market cap of $27.68 billion, a PE ratio of 12.41 and a beta of 0.43. The company has a 50-day moving average of $47.96 and a two-hundred day moving average of $42.37.

Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, May 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). Devon Energy had a net margin of 13.71% and a return on equity of 15.22%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the business posted $0.82 earnings per share. The company’s quarterly revenue was down 14.5% on a year-over-year basis. On average, research analysts anticipate that Devon Energy Corporation will post 4.21 EPS for the current fiscal year.

Devon Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.9%. This is a boost from Devon Energy’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, June 15th. Devon Energy’s dividend payout ratio is 35.65%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DVN. Sanford C. Bernstein increased their price target on shares of Devon Energy from $42.00 to $59.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Piper Sandler increased their price target on shares of Devon Energy from $59.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Evercore began coverage on shares of Devon Energy in a report on Friday, May 15th. They set an “in-line” rating and a $54.00 price target for the company. Susquehanna increased their price target on shares of Devon Energy from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Finally, UBS Group cut their price target on shares of Devon Energy from $61.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.85.

Devon Energy News Roundup

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

• Positive Sentiment: Reuters reported that Devon Energy has received an roughly $8 billion offer for its Marcellus shale position from Stone Ridge Asset Management, which could unlock significant value if a deal materializes. Exclusive: Devon Energy gets $8 billion offer for Marcellus position, sources say
• Positive Sentiment: Zacks Research raised earnings estimates across multiple periods for Devon Energy, including FY2026 EPS to $4.39 from $3.99, FY2027 EPS to $4.43 from $4.10, and FY2028 EPS to $4.82 from $4.03, signaling stronger expected profitability ahead. Devon Energy Corporation (NYSE:DVN) – Free Report
• Neutral Sentiment: Despite the higher forecasts, Zacks kept a Hold rating on DVN, suggesting analysts see upside potential but remain cautious on the stock’s near-term valuation. Devon Energy Corporation (NYSE:DVN) – Free Report
• Neutral Sentiment: Citi previously lifted its price target on Devon Energy to $65 from $60 while keeping a Buy rating, adding to the broader bullish analyst tone around the shares. Citi Raises its Price Target on Devon Energy (DVN)
• Negative Sentiment: Zacks also downgraded Devon Energy from Strong Buy to Hold, which may temper enthusiasm even as earnings estimates improve. Zacks.com, Tickerreport.com

About Devon Energy

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.