Savant Capital LLC Raises Stock Holdings in Devon Energy Corporation $DVN

Savant Capital LLC grew its stake in shares of Devon Energy Corporation (NYSE:DVN) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,489 shares of the energy company’s stock after buying an additional 18,804 shares during the period. Savant Capital LLC’s holdings in Devon Energy were worth $8,432,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Devon Energy by 1.2% during the second quarter. Geode Capital Management LLC now owns 18,595,683 shares of the energy company’s stock valued at $589,399,000 after purchasing an additional 218,034 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Devon Energy by 78.7% in the second 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Devon Energy by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,784,270 shares of the energy company’s stock valued at $152,188,000 after purchasing an additional 77,433 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Devon Energy by 5.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,712,190 shares of the energy company’s stock valued at $165,210,000 after buying an additional 246,179 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in 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. 69.72% of the stock is currently owned by institutional investors.

Devon Energy News Roundup

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

• Positive Sentiment: Coterra merger confirmed — the all‑stock deal to combine Devon and Coterra into a roughly $58 billion Delaware-focused shale operator is being priced as transformational for scale, cost savings and cash generation, a primary driver of investor optimism. Coterra Energy and Devon Energy Seal $58 Billion Merger Deal
• Positive Sentiment: Large analyst upgrades and higher price targets — Wolfe Research, Susquehanna and Scotiabank raised price targets (Wolfe’s move to $57 is the most bullish), lifting sentiment and providing near‑term upside catalysts. Wolfe Research adjusts price target on Devon Energy Susquehanna adjusts Devon Energy price target
• Positive Sentiment: Unusually heavy call‑option buying — intraday data show ~36,900 calls traded (≈56% above average), and options‑flow analysis points to bullish positioning that often precedes upward stock moves. This likely amplified today’s price gain. Behind the Scenes of Devon Energy’s Latest Options Trends
• Positive Sentiment: Stock reached a 12‑month high after upgrades — coverage noting a fresh 12‑month high reinforces momentum and can attract momentum/ETF flows. Devon Energy Reaches New 12-Month High After Analyst Upgrade
• Neutral Sentiment: Analyst consensus still mixed in other outlets — some coverage labels the stock “neutral,” reflecting varying views on valuation and execution even as many brokers raise targets. That keeps upside but also some analyst‑level skepticism. Analysts Are Neutral on These Energy Stocks
• Neutral Sentiment: Valuation debate — some pieces highlight a DCF vs P/E gap and ask whether current pricing fully reflects fundamentals; this signals that further moves may depend on post‑merger synergies and updated earnings outlooks. Is Devon Energy Pricing Reflect Its DCF And P/E Valuation Gap Today
• Neutral Sentiment: Sector activity/peer deals could influence expectations — related Delaware Basin deals and sector consolidation stories are reminding investors of scale benefits, but they don’t guarantee immediate accretion. Houston energy company lands massive Delaware Basin deal

Devon Energy Stock Performance

NYSE:DVN opened at $43.38 on Thursday. The company has a market cap of $27.21 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 3.79 and a beta of 0.61. Devon Energy Corporation has a 1 year low of $25.89 and a 1 year high of $43.68. The stock’s 50 day simple moving average is $37.32 and its two-hundred day simple moving average is $35.21. 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 earnings results 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. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. 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 firm posted $1.10 earnings per share. As a group, equities analysts anticipate that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DVN has been the topic of a number of recent analyst reports. Raymond James Financial raised their price target on Devon Energy from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Zacks Research downgraded Devon Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Roth Mkm reissued a “buy” rating and issued a $42.00 price target on shares of Devon Energy in a report on Wednesday, December 31st. Wolfe Research increased their price objective on shares of Devon Energy from $49.00 to $57.00 in a report on Tuesday. Finally, Royal Bank Of Canada set a $42.00 price objective on shares of Devon Energy and gave the company a “sector perform” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.97.

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.