QRG Capital Management Inc. Sells 16,799 Shares of Devon Energy Corporation $DVN

QRG Capital Management Inc. cut its stake in Devon Energy Corporation (NYSE:DVN) by 11.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,583 shares of the energy company’s stock after selling 16,799 shares during the period. QRG Capital Management Inc.’s holdings in Devon Energy were worth $4,473,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DVN. AQR Capital Management LLC boosted its position in shares of Devon Energy by 78.7% during the second quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company’s stock valued at $202,327,000 after purchasing an additional 2,802,137 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Devon Energy by 83.9% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 4,568,092 shares of the energy company’s stock worth $145,311,000 after buying an additional 2,083,600 shares during the period. Sourcerock Group LLC lifted its position in Devon Energy by 2,132.3% during the 2nd quarter. Sourcerock Group LLC now owns 1,751,276 shares of the energy company’s stock valued at $55,708,000 after acquiring an additional 1,672,824 shares during the period. Prudential Financial Inc. boosted its stake in Devon Energy by 93.4% during the second quarter. Prudential Financial Inc. now owns 1,506,329 shares of the energy company’s stock worth $47,916,000 after acquiring an additional 727,532 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Devon Energy by 44.6% during the second quarter. American Century Companies Inc. now owns 1,638,065 shares of the energy company’s stock valued at $52,107,000 after purchasing an additional 505,382 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy Trading Down 0.4%

Shares of DVN stock opened at $36.19 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.87. The firm has a fifty day moving average price of $36.34 and a 200-day moving average price of $34.68. The company has a market cap of $22.70 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 3.06 and a beta of 0.60. Devon Energy Corporation has a 1 year low of $25.89 and a 1 year high of $38.88.

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

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, December 15th. Devon Energy’s dividend payout ratio (DPR) is presently 22.59%.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Unusual call‑option activity flagged by options scanners, interpreted by some traders as a bet on a dividend hike or other shareholder return (could support the stock if a payout is announced). Devon Energy Unusual Call Option Activity
• Neutral Sentiment: Market commentary and trading notes showing short‑term volatility: Zacks flagged a selloff on 1/15 and noted a prior uptick on 1/14 — indicates headline‑driven moves rather than a single fundamental change. Devon Energy (DVN) Stock Dips While Market Gains: Key Facts
• Neutral Sentiment: Discussion pieces on whether Wall Street analyst views justify positions — useful context but not a direct catalyst. Is It Worth Investing in Devon Energy (DVN)
• Negative Sentiment: Multiple reports that Devon and Coterra are in merger talks — such headlines can create uncertainty over deal terms, potential dilution or leadership changes; initial market reaction saw Devon shares fall while Coterra rose. (coverage: Reuters, Bloomberg, Financial Post) Reuters: Devon and Coterra in merger talks Bloomberg/MSN: Coterra exploring deal Financial Post: Coterra considers combining with Devon
• Negative Sentiment: BMO Capital Markets trimmed its price target on DVN (maintained Outperform) — the cut reduces near‑term upside expectations even though the rating stayed constructive. MarketScreener: BMO cuts price target
• Negative Sentiment: JPMorgan lowered its price target on DVN while keeping an Overweight rating — another downward tweak to analyst targets that can weigh on sentiment even if brokerages remain bullish on longer‑term fundamentals. MarketScreener: JPMorgan adjusts price target

Analyst Ratings Changes

Several analysts recently weighed in on DVN shares. Argus upgraded Devon Energy to a “strong-buy” rating in a research note on Wednesday, November 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Devon Energy in a report on Monday, December 29th. Evercore ISI increased their price objective on shares of Devon Energy from $34.00 to $37.00 and gave the company an “in-line” rating in a research report on Monday, October 6th. Mizuho upped their target price on shares of Devon Energy from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Benchmark restated a “buy” rating on shares of Devon Energy in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.21.

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.