Impact Partnership Wealth LLC Invests $1.10 Million in Devon Energy Corporation $DVN

Impact Partnership Wealth LLC acquired a new position in shares of Devon Energy Corporation (NYSE:DVN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 29,936 shares of the energy company’s stock, valued at approximately $1,097,000.

Other institutional investors have also modified their holdings of the company. Wedge Capital Management L L P NC purchased a new stake in shares of Devon Energy during the 4th quarter worth $9,931,000. Allianz Asset Management GmbH lifted its position in shares of Devon Energy by 4.3% during the 3rd 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 last quarter. Investors Research Corp lifted its position in shares of Devon Energy by 13,787.5% during the 4th 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 during the last quarter. Philip James Wealth Mangement LLC lifted its position in shares of Devon Energy by 43.8% during the 4th quarter. Philip James Wealth Mangement LLC now owns 161,368 shares of the energy company’s stock worth $5,911,000 after purchasing an additional 49,115 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan lifted its position in shares of Devon Energy by 298.1% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 42,351 shares of the energy company’s stock worth $1,585,000 after purchasing an additional 31,713 shares during the last quarter. 69.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DVN. Argus lifted their price objective on shares of Devon Energy from $41.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Evercore began coverage on shares of Devon Energy in a research report on Friday, May 15th. They set an “in-line” rating and a $54.00 price objective for the company. Barclays lifted their price objective on shares of Devon Energy from $54.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday. BMO Capital Markets boosted their price target on shares of Devon Energy from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Wolfe Research boosted their price target on shares of Devon Energy from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.85.

Insider Transactions at Devon Energy

In other news, EVP Jeffrey L. Ritenour sold 70,029 shares of the business’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 directly owned 428,452 shares in the company, valued at $19,991,570.32. The trade was a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Adam M. Vela sold 24,342 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the transaction, the senior vice president owned 130,540 shares in the company, 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. Insiders own 0.71% of the company’s stock.

Devon Energy News Summary

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

Devon Energy Trading Up 1.0%

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

Devon Energy (NYSE:DVN) last issued its quarterly 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 return on equity of 15.22% and a net margin of 13.71%.The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The company’s revenue was down 14.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Devon Energy Corporation will post 4.21 earnings per share for the current year.

Devon Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from Devon Energy’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 15th. Devon Energy’s dividend payout ratio (DPR) is presently 35.65%.

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.