Kerusso Capital Management LLC Has $4.99 Million Holdings in Devon Energy Corporation $DVN

Kerusso Capital Management LLC increased its stake in Devon Energy Corporation (NYSE:DVN) by 169.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136,278 shares of the energy company’s stock after purchasing an additional 85,691 shares during the quarter. Devon Energy makes up approximately 2.3% of Kerusso Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Kerusso Capital Management LLC’s holdings in Devon Energy were worth $4,992,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Wedge Capital Management L L P NC purchased a new stake in Devon Energy in the 4th quarter worth about $9,931,000. Allianz Asset Management GmbH boosted its position in Devon Energy by 4.3% during the third quarter. Allianz Asset Management GmbH now owns 833,155 shares of the energy company’s stock worth $29,210,000 after purchasing an additional 33,974 shares during the period. Investors Research Corp increased its stake in shares of Devon Energy by 13,787.5% in the fourth quarter. Investors Research Corp now owns 27,775 shares of the energy company’s stock worth $1,017,000 after purchasing an additional 27,575 shares in the last quarter. Philip James Wealth Mangement LLC raised its position in shares of Devon Energy by 43.8% in the fourth quarter. Philip James Wealth Mangement LLC now owns 161,368 shares of the energy company’s stock valued at $5,911,000 after purchasing an additional 49,115 shares during the period. Finally, Greatmark Investment Partners Inc. boosted its holdings in Devon Energy by 5.6% in the 3rd quarter. Greatmark Investment Partners Inc. now owns 571,925 shares of the energy company’s stock worth $20,052,000 after buying an additional 30,435 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Trading Up 2.2%

Shares of DVN opened at $48.18 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.90. Devon Energy Corporation has a 1-year low of $29.70 and a 1-year high of $52.71. The company has a market capitalization of $29.92 billion, a P/E ratio of 11.55, a P/E/G ratio of 0.87 and a beta of 0.47. The firm’s 50 day simple moving average is $46.57 and its 200 day simple moving average is $39.86.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the company posted $1.10 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis. Sell-side analysts forecast that Devon Energy Corporation will post 4.81 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 13th. This represents a $0.96 annualized dividend and a dividend yield of 2.0%. Devon Energy’s dividend payout ratio is 23.02%.

Devon Energy News Summary

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

• Positive Sentiment: Devon agreed to a material merger with Coterra Energy to form a larger Permian-focused producer — the deal targets cost synergies, higher dividends and a multibillion-dollar buyback program, which should materially boost scale and shareholder returns if executed. Devon And Coterra Merger Puts Permian Scale And Cash Returns In Focus
• Positive Sentiment: Tudor Pickering upgraded Devon, signaling improved analyst conviction around the company’s outlook and the merger-related thesis. Analyst upgrades tend to support short-term buying interest. Devon Energy (NYSE:DVN) Upgraded at Tudor Pickering
• Positive Sentiment: Susquehanna raised its price target to $57, implying additional upside versus prior targets and giving investors another bullish data point on fair value. Susquehanna Raises Devon Energy (NYSE:DVN) Price Target to $57.00
• Neutral Sentiment: Coverage notes a recent momentum cooldown after a strong multi-month run — Devon has meaningful 3–12 month gains but a short-term pullback; this raises risk of short-term consolidation even as the longer-term case (scale + returns) remains intact. Assessing Devon Energy (DVN) Valuation After Recent Momentum Cooldown
• Neutral Sentiment: Multiple industry write-ups compare Devon to peers like EOG and provide valuation/operational context — useful for relative-value assessment but not single-handedly catalytic. Devon Energy vs. EOG: Which Shale Stock Offers More Upside in 2026?
• Neutral Sentiment: Several retail and research pieces (Zacks, Kalkine, 247WallSt) are highlighting Devon as a trending energy name — increased attention can raise liquidity and volatility but is ambiguous for direction. Do Devon Energy Shares Rise as NYSE Composite Energy Gains?
• Neutral Sentiment: Broader review pieces that include Devon alongside other energy names (and even non-core coverage, e.g., Venture Global) provide background but are unlikely to move the stock materially on their own. Reviewing Venture Global (NYSE:VG) & Devon Energy (NYSE:DVN)
• Negative Sentiment: Scotiabank raised its price target to $46 but kept a “sector perform” rating; that PT is below recent levels, suggesting another analyst sees limited near-term upside — this creates some conflicting signals amid bullish deal headlines. Devon Energy Price Target Note (Benzinga)

Analyst Ratings Changes

Several research firms have issued reports on DVN. Capital One Financial dropped their target price on Devon Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Sanford C. Bernstein increased their price objective on Devon Energy from $42.00 to $59.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Benchmark reiterated a “buy” rating on shares of Devon Energy in a research report on Friday, January 16th. Truist Financial initiated coverage on shares of Devon Energy in a research report on Tuesday, March 24th. They issued a “buy” rating and a $63.00 price objective for the company. Finally, Susquehanna increased their target price on shares of Devon Energy from $52.00 to $57.00 and gave the stock a “positive” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.14.

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.