Ethic Inc. Acquires 39,012 Shares of Devon Energy Corporation $DVN

Ethic Inc. increased its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 105.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,990 shares of the energy company’s stock after buying an additional 39,012 shares during the period. Ethic Inc.’s holdings in Devon Energy were worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Sigma Planning Corp increased its holdings in Devon Energy by 3.5% in the 2nd quarter. Sigma Planning Corp now owns 6,902 shares of the energy company’s stock worth $285,000 after acquiring an additional 233 shares in the last quarter. Retirement Planning Group LLC lifted its holdings in Devon Energy by 4.5% during the second quarter. Retirement Planning Group LLC now owns 5,647 shares of the energy company’s stock valued at $233,000 after purchasing an additional 243 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in Devon Energy by 56.6% during the second quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company’s stock valued at $28,000 after purchasing an additional 245 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in Devon Energy by 32.4% during the third quarter. Physician Wealth Advisors Inc. now owns 1,062 shares of the energy company’s stock valued at $49,000 after purchasing an additional 260 shares in the last quarter. Finally, Titleist Asset Management LLC grew its position in shares of Devon Energy by 5.7% in the third quarter. Titleist Asset Management LLC now owns 5,556 shares of the energy company’s stock valued at $256,000 after purchasing an additional 298 shares during the period. Institutional investors and hedge funds own 69.72% of the company’s stock.

Insider Transactions at Devon Energy

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on DVN. UBS Group cut their target price on shares of Devon Energy from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday. Raymond James Financial upped their price target on shares of Devon Energy from $64.00 to $67.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 14th. Morgan Stanley decreased their price target on shares of Devon Energy from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Monday. Barclays lowered their price objective on Devon Energy from $60.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, November 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Devon Energy from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Devon Energy currently has a consensus rating of “Moderate Buy” and an average target price of $60.49.

Devon Energy Stock Up 2.3%

NYSE DVN opened at $43.39 on Wednesday. The business has a fifty day moving average price of $48.44 and a 200 day moving average price of $46.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.70. The company has a market cap of $49.45 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.10 and a beta of 0.43. Devon Energy Corporation has a one year low of $34.11 and a one year high of $52.71.

Devon Energy (NYSE:DVN) last announced its earnings results on Thursday, November 5th. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. Devon Energy had a net margin of 16.22% and a return on equity of 14.86%. The company had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.57 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The firm’s quarterly revenue was up 66.5% on a year-over-year basis. Research analysts anticipate that Devon Energy Corporation will post 5.50 EPS for the current fiscal year.

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, December 15th. Devon Energy’s dividend payout ratio is 32.00%.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Devon’s Q3 earnings-call highlights included record oil and total production, strong free cash flow, accelerated share repurchases, and a disciplined 2027 spending plan. Management also outlined Permian expansion and higher merger synergies, with a target of 5%–10% annual free-cash-flow-per-share growth. Article: Devon Energy Q3 2026 Earnings Call Highlights
• Positive Sentiment: Analyst sentiment remains broadly constructive: JPMorgan raised its target to $68 and Truist to $62, both retaining positive ratings. UBS also maintained a Buy rating despite trimming its target to $62. Article: JPMorgan raises Devon price target
• Neutral Sentiment: After losing 13.4% over four weeks, DVN is described as technically oversold. The article argues that selling pressure may be easing, with upward earnings-estimate revisions offering a possible catalyst for a reversal, though this is not a guarantee. Article: Devon Energy and a potential trend reversal
• Negative Sentiment: Some firms trimmed their targets, including UBS ($65 to $62), Morgan Stanley ($65 to $64), and Susquehanna ($63 to $60). Their ratings remain Buy, Overweight, or Positive, but the reductions temper the otherwise optimistic analyst outlook. Article: UBS price-target update

About Devon Energy

Devon Energy Corporation is an independent energy company focused on exploring for and producing oil, natural gas and natural gas liquids. Its activities include developing and operating producing properties and managing the infrastructure needed to bring its products to market. Founded in 1971, Devon is headquartered in Oklahoma City. Its operations are concentrated in U.S. onshore basins, including the Delaware Basin, Eagle Ford, Anadarko, Williston and Powder River basins. The company’s portfolio has evolved through acquisitions and asset sales over its history.