Board of the Pension Protection Fund Purchases New Holdings in Devon Energy Corporation $DVN

Board of the Pension Protection Fund purchased a new position in shares of Devon Energy Corporation (NYSE:DVN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the energy company’s stock, valued at approximately $876,000.

A number of other institutional investors have also recently bought and sold shares of DVN. Opal Wealth Advisors LLC bought a new position in Devon Energy in the 2nd quarter valued at $25,000. Caldwell Trust Co bought a new position in Devon Energy during the second quarter valued at about $25,000. Trust Co. of Vermont grew its position in Devon Energy by 241.3% during the second quarter. Trust Co. of Vermont now owns 942 shares of the energy company’s stock valued at $30,000 after buying an additional 666 shares during the period. FNY Investment Advisers LLC purchased a new stake in Devon Energy during the second quarter worth about $34,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Devon Energy in the second quarter worth about $34,000. Institutional investors own 69.72% of the company’s stock.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Citigroup reiterated a Buy on Devon, reinforcing institutional confidence in the company’s cash-generation and capital-return profile; that vote of confidence likely supported the stock’s uptick. Article Title
• Positive Sentiment: Zacks Research raised near-term estimates: small upward revisions to Q4 2025 and Q1 2026 EPS and a slight lift to FY2025 forecast (now reflected in its model), signaling modestly improved short-term earnings momentum. Article Title
• Neutral Sentiment: Zacks also boosted Q1 2027 estimates (small increase), showing mixed adjustments across periods — near-term upgrades balanced by later-year revisions, so immediate impact is limited. Article Title
• Negative Sentiment: Offsetting the positives, Zacks trimmed several 2027 estimates (Q2 and Q3 cuts and a modest reduction to FY2027), which could weigh on longer-term earnings expectations and cap upside if the trend continues. Article Title

Analyst Ratings Changes

A number of research analysts have recently weighed in on DVN shares. Capital One Financial reduced their target price on shares of Devon Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Scotiabank reissued an “outperform” rating on shares of Devon Energy in a report on Thursday, October 9th. Roth Capital assumed coverage on Devon Energy in a research report on Monday, October 13th. They issued a “buy” rating and a $42.00 target price for the company. Johnson Rice lowered their target price on Devon Energy from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Finally, BMO Capital Markets cut their price target on Devon Energy from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.86.

Devon Energy Trading Up 0.4%

Shares of DVN stock opened at $35.87 on Friday. The stock has a market capitalization of $22.50 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 2.71 and a beta of 0.62. The company’s fifty day simple moving average is $34.81 and its two-hundred day simple moving average is $34.22. Devon Energy Corporation has a 1 year low of $25.89 and a 1 year high of $38.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.87.

Devon Energy (NYSE:DVN) last posted its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.The firm had revenue of $0.00 million during the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the company earned $1.10 earnings per share. As a group, analysts anticipate that Devon Energy Corporation will post 4.85 earnings per share for the current year.

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 15th. Devon Energy’s payout ratio is presently 22.59%.

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.