Devon Energy Corporation $DVN Shares Bought by MUFG Securities EMEA plc

MUFG Securities EMEA plc raised its position in Devon Energy Corporation (NYSE:DVN) by 7,667.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 943,817 shares of the energy company’s stock after acquiring an additional 931,666 shares during the period. MUFG Securities EMEA plc’s holdings in Devon Energy were worth $34,572,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Guinness Atkinson Asset Management Inc lifted its stake in shares of Devon Energy by 24.6% in the 4th quarter. Guinness Atkinson Asset Management Inc now owns 9,419 shares of the energy company’s stock worth $341,000 after acquiring an additional 1,859 shares during the period. GoodHaven Capital Management LLC lifted its stake in shares of Devon Energy by 1.7% in the 4th quarter. GoodHaven Capital Management LLC now owns 454,671 shares of the energy company’s stock worth $16,655,000 after acquiring an additional 7,700 shares during the period. Impact Partnership Wealth LLC acquired a new stake in shares of Devon Energy in the 4th quarter worth $1,097,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Devon Energy in the 4th quarter worth $2,775,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Devon Energy in the 4th quarter worth $263,000. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy Stock Up 1.0%

Shares of NYSE DVN opened at $44.54 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.48. Devon Energy Corporation has a 52 week low of $30.24 and a 52 week high of $52.71. The firm has a 50-day moving average price of $47.96 and a 200 day moving average price of $42.37. The stock has a market capitalization of $27.68 billion, a price-to-earnings ratio of 12.41 and a beta of 0.43.

Devon Energy (NYSE:DVN) last announced its quarterly earnings data on Tuesday, May 5th. The energy company reported $1.04 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $4.34 billion. During the same quarter last year, the business earned $0.82 EPS. The firm’s revenue for the quarter was down 14.5% on a year-over-year basis. Equities research analysts anticipate that Devon Energy Corporation will post 4.24 EPS for the current fiscal year.

Devon Energy Increases Dividend

The firm 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 dividend of $0.32 per share. This is an increase from Devon Energy’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 15th. This represents a $1.28 annualized dividend and a yield of 2.9%. Devon Energy’s payout ratio is 26.74%.

Devon Energy News Summary

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

• Positive Sentiment: Reuters reported that Devon Energy has received a roughly $8 billion offer for its Marcellus shale assets from Stone Ridge Asset Management, a deal that could unlock significant value and give the company flexibility to reshape its portfolio.
• Positive Sentiment: Zacks Research raised its earnings estimates for Devon Energy across several periods, including FY2026 to $4.39 per share, FY2027 to $4.43, and FY2028 to $4.82, suggesting a stronger long-term earnings outlook.
• Positive Sentiment: Citi recently lifted its price target on Devon Energy to $65 from $60 while keeping a Buy rating, indicating at least some analysts still see upside from current levels. Article: Citi Raises its Price Target on Devon Energy (DVN)
• Neutral Sentiment: Zacks Research maintained a Hold rating despite the higher estimates, so the upgrade in earnings forecasts was not paired with a more bullish stock recommendation.
• Negative Sentiment: Devon was downgraded by Zacks Research from Strong Buy to Hold, which may have added to near-term caution around the shares.

Insider Activity

In other Devon Energy news, SVP Adam M. Vela sold 24,342 shares of the firm’s 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 in the company, valued at approximately $6,162,793.40. This trade represents a 15.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey L. Ritenour sold 70,029 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.66, for a total transaction of $3,267,553.14. Following the transaction, the executive vice president owned 428,452 shares of the company’s stock, valued at $19,991,570.32. This trade represents a 14.05% 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.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DVN shares. Scotiabank raised their target price on shares of Devon Energy from $41.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Mizuho raised their price objective on shares of Devon Energy from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday. Raymond James Financial upgraded shares of Devon Energy from an “outperform” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, May 5th. Jefferies Financial Group raised their price objective on shares of Devon Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Tudor Pickering upgraded shares of Devon Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.85.

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.