Compass Capital Management Inc. Has $6.07 Million Position in Devon Energy Corporation $DVN

Compass Capital Management Inc. reduced its stake in Devon Energy Corporation (NYSE:DVN) by 22.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 165,832 shares of the energy company’s stock after selling 46,809 shares during the quarter. Compass Capital Management Inc.’s holdings in Devon Energy were worth $6,074,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DVN. AQR Capital Management LLC lifted its holdings in Devon Energy by 78.7% in the 2nd quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company’s stock worth $202,327,000 after purchasing an additional 2,802,137 shares during the last quarter. Sourcerock Group LLC lifted its holdings in Devon Energy by 2,132.3% in the 2nd quarter. Sourcerock Group LLC now owns 1,751,276 shares of the energy company’s stock worth $55,708,000 after purchasing an additional 1,672,824 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Devon Energy by 446.7% in the 4th quarter. SG Americas Securities LLC now owns 1,236,301 shares of the energy company’s stock worth $45,286,000 after purchasing an additional 1,010,170 shares during the last quarter. MUFG Securities EMEA plc lifted its holdings in Devon Energy by 7,667.4% in the 4th quarter. MUFG Securities EMEA plc now owns 943,817 shares of the energy company’s stock worth $34,572,000 after purchasing an additional 931,666 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Devon Energy by 704.3% in the 3rd quarter. Wellington Management Group LLP now owns 975,114 shares of the energy company’s stock worth $34,187,000 after purchasing an additional 853,875 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Evercore ISI upgraded Devon Energy and sees upside to $54, citing improved visibility after the Coterra combination and better-than-expected updated guidance. This Analyst Just Upgraded Devon Energy Stock. Here’s Why.
• Positive Sentiment: Wells Fargo also reiterated a Buy rating, adding to the bullish analyst momentum around the stock. Devon Energy (DVN) Receives a Buy from Wells Fargo
• Positive Sentiment: Investors welcomed Devon’s updated 2026 outlook after the Coterra deal, including higher expected production, targeted synergies, and a more shareholder-friendly capital return plan with dividends and buybacks. Why Devon Energy Stock Rallied Today
• Positive Sentiment: CNBC featured Devon Energy as one of its “Final Trades,” which can reinforce short-term investor interest. AbbVie, Devon Energy And More On CNBC’s ‘Final Trades’
• Neutral Sentiment: Shares were pressured in the latest session after a strong run, reflecting normal volatility and some profit-taking despite the upbeat operating news. Devon Energy (DVN) Stock Drops Despite Market Gains: Important Facts to Note
• Negative Sentiment: The stock’s recent pullback suggests investors may be digesting the merger-driven rally and waiting for proof that the higher production and synergy targets can be delivered. Assessing Devon Energy (DVN) Valuation After Recent Share Price Weakness

Insider Buying and Selling

In other news, EVP Jeffrey L. Ritenour sold 70,029 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $46.66, for a total transaction of $3,267,553.14. Following the sale, the executive vice president directly owned 428,452 shares in the company, valued at approximately $19,991,570.32. The trade was a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Adam M. Vela sold 24,342 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $47.21, for a total value of $1,149,185.82. Following the sale, the senior vice president owned 130,540 shares in the company, valued at approximately $6,162,793.40. This represents a 15.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 4.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DVN shares. Royal Bank Of Canada boosted their target price on Devon Energy from $46.00 to $59.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 8th. Roth Mkm restated a “buy” rating and issued a $57.00 target price on shares of Devon Energy in a report on Tuesday, April 28th. JPMorgan Chase & Co. started coverage on Devon Energy in a report on Monday. They issued an “overweight” rating and a $62.00 target price for the company. Morgan Stanley boosted their target price on Devon Energy from $59.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, TD Cowen upped their price target on Devon Energy from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday, March 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Devon Energy has an average rating of “Moderate Buy” and an average target price of $58.67.

Devon Energy Stock Performance

DVN opened at $44.61 on Friday. The stock has a market cap of $27.72 billion, a PE ratio of 12.43 and a beta of 0.37. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. Devon Energy Corporation has a 1 year low of $31.45 and a 1 year high of $52.71. The stock’s 50 day simple moving average is $47.11 and its 200-day simple moving average is $43.08.

Devon Energy (NYSE:DVN) last released its quarterly earnings data 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). The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.34 billion. Devon Energy had a net margin of 13.71% and a return on equity of 15.22%. The business’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Sell-side analysts forecast that Devon Energy Corporation will post 4.6 EPS for the current year.

Devon Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.32 per share. This is a boost from Devon Energy’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, June 15th. Devon Energy’s dividend payout ratio (DPR) is presently 26.74%.

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.