Prescott Group Capital Management L.L.C. Purchases 30,000 Shares of Devon Energy Corporation $DVN

Prescott Group Capital Management L.L.C. purchased a new position in Devon Energy Corporation (NYSE:DVN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,000 shares of the energy company’s stock, valued at approximately $1,381,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Premier Financial Group purchased a new stake in shares of Devon Energy in the 2nd quarter worth about $25,000. Financial Management Professionals Inc. increased its stake in shares of Devon Energy by 119.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 576 shares of the energy company’s stock worth $27,000 after acquiring an additional 313 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in Devon Energy by 56.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company’s stock valued at $28,000 after acquiring an additional 245 shares during the period. Parvin Asset Management LLC purchased a new position in Devon Energy during the 2nd quarter valued at about $28,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in Devon Energy during the 2nd quarter valued at about $29,000. Institutional investors own 69.72% of the company’s stock.

More Devon Energy News

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

• Positive Sentiment: Pre-earnings coverage points to rising analyst estimates, production prospects and potential synergies from the Coterra merger—factors that could support results and the outlook. These are expectations, not reported Q3 results. Devon Energy to Report Q3 Earnings: Buy, Sell or Hold the Stock?
• Positive Sentiment: A Zacks article characterized DVN as a strong value stock, which may appeal to value-focused investors, though the supplied details do not give a specific valuation target. Here’s Why Devon Energy (DVN) is a Strong Value Stock
• Neutral Sentiment: Analyst previews examine expected Q3 metrics for the quarter ended September 2026, but the articles provided do not include specific forecasts or actual results. Investors may look to the report for confirmation of estimates and production trends. What Analyst Projections for Key Metrics Reveal About Devon Energy (DVN) Q3 Earnings
• Neutral Sentiment: OPEC+ kept its December production plan unchanged. The article cited Brent spot crude at $123.10 per barrel; firm oil prices can support producers like Devon, while supply and commodity-price shifts remain key risks. Oil Enters November With OPEC+ Holding Steady and Five Producers Set to Report

Devon Energy Price Performance

DVN opened at $47.58 on Wednesday. The stock has a 50-day moving average price of $48.88 and a 200-day moving average price of $45.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market cap of $52.34 billion, a PE ratio of 11.30, a P/E/G ratio of 1.27 and a beta of 0.43. Devon Energy Corporation has a 1 year low of $31.91 and a 1 year high of $52.71.

Devon Energy (NYSE:DVN) last announced its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.40 by $0.17. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The company had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the firm posted $0.84 EPS. Devon Energy’s revenue for the quarter was up 73.1% on a year-over-year basis. Sell-side analysts predict that Devon Energy Corporation will post 5.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DVN has been the topic of several research reports. Argus reissued a “buy” rating and set a $45.85 price objective on shares of Devon Energy in a research note on Monday, August 17th. Wall Street Zen raised shares of Devon Energy from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Seaport Research Partners initiated coverage on shares of Devon Energy in a report on Thursday, September 3rd. They set a “buy” rating and a $65.00 target price for the company. Weiss Ratings raised Devon Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Wells Fargo & Company cut their price target on Devon Energy from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.72.

Insiders Place Their Bets

In other Devon Energy news, EVP Robert Ferrall Lowe III sold 6,756 shares of Devon Energy stock in a transaction on Monday, September 14th. The stock was sold at an average price of $50.95, for a total value of $344,218.20. Following the completion of the sale, the executive vice president owned 72,720 shares of the company’s stock, valued at approximately $3,705,084. This trade represents a 8.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Clay Gaspar purchased 3,913 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was acquired at an average price of $51.08 per share, with a total value of $199,876.04. Following the purchase, the chief executive officer directly owned 619,152 shares of the company’s stock, valued at approximately $31,626,284.16. The trade was a 0.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 4.58% of the stock is currently owned by company insiders.

Devon Energy Company Profile

Devon Energy Corporation (NYSE:DVN) is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company focuses on onshore operations in the United States and markets the hydrocarbons produced from its assets to customers across the energy sector.

Devon’s portfolio has historically included major U.S. resource plays such as the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.