Devon Energy Corporation $DVN Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its position in Devon Energy Corporation (NYSE:DVN) by 4.3% in the third quarter, Holdings Channel reports. The fund owned 833,155 shares of the energy company’s stock after buying an additional 33,974 shares during the period. Allianz Asset Management GmbH’s holdings in Devon Energy were worth $29,210,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DVN. Keeler Thomas Management LLC raised its holdings in shares of Devon Energy by 5.6% in the 3rd quarter. Keeler Thomas Management LLC now owns 27,991 shares of the energy company’s stock valued at $981,000 after purchasing an additional 1,482 shares in the last quarter. Peterson Wealth Services increased its holdings in Devon Energy by 465.3% in the third quarter. Peterson Wealth Services now owns 5,693 shares of the energy company’s stock valued at $200,000 after buying an additional 4,686 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Devon Energy by 17.5% in the third quarter. Jones Financial Companies Lllp now owns 62,563 shares of the energy company’s stock valued at $2,314,000 after buying an additional 9,296 shares in the last quarter. Mediolanum International Funds Ltd lifted its holdings in Devon Energy by 4.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 55,739 shares of the energy company’s stock worth $1,980,000 after buying an additional 2,450 shares during the last quarter. Finally, Transcend Capital Advisors LLC boosted its position in shares of Devon Energy by 70.8% during the 3rd quarter. Transcend Capital Advisors LLC now owns 12,643 shares of the energy company’s stock worth $443,000 after acquiring an additional 5,241 shares in the last quarter. 69.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Devon Energy from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Roth Mkm reissued a “buy” rating and set a $42.00 price objective on shares of Devon Energy in a report on Wednesday, December 31st. Benchmark restated a “buy” rating on shares of Devon Energy in a research report on Friday, January 16th. Piper Sandler dropped their target price on shares of Devon Energy from $57.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Finally, Argus upgraded shares of Devon Energy to a “strong-buy” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.97.

Key Devon Energy News

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

• Positive Sentiment: Multiple analyst upgrades and higher price targets signal renewed buy-side conviction — Barclays upgraded Devon and Scotiabank boosted its price target to $45, while Susquehanna published a forecast calling for strong price appreciation. Barclays upgrades Devon Energy (DVN) Scotiabank Boosts Devon Energy Price Target to $45.00 Susquehanna Forecasts Strong Price Appreciation for Devon Energy Stock
• Positive Sentiment: Unusually high call-option volume (≈36,923 calls, ~56% above typical) suggests short-term bullish positioning or informed speculation that could support near-term upside if catalysts materialize. Behind the Scenes of Devon Energy’s Latest Options Trends
• Positive Sentiment: Earlier analyst coverage pushed the stock to a new 12‑month high after upgrades, confirming upside momentum that investors have been pricing in. Devon Energy Reaches New 12-Month High After Analyst Upgrade
• Positive Sentiment: Strategic merger chatter (Devon + Coterra) is being discussed as a potential consolidator play that could deliver scale and synergies for investors if it progresses. Devon Energy And Coterra Energy Merger Checks Quite A Few Boxes On Investors’ Lists
• Neutral Sentiment: Some coverage frames valuation as mixed — discussions about DCF vs. P/E gaps suggest analysts disagree on whether current pricing fully reflects fundamentals, creating both upside and downside scenarios depending on execution. Is Devon Energy Pricing Reflect Its DCF And P/E Valuation Gap Today
• Neutral Sentiment: Coverage roundup: some outlets note gains despite a weaker market, while broader analyst panels remain mixed/neutral on the energy group — suggesting stock moves may be driven more by headlines and flows than by new fundamental data. Devon Energy Gains As Market Dips Analysts Are Neutral on These Energy Stocks
• Negative Sentiment: Competitive risk: a large Delaware Basin deal by another Houston energy company could tighten acreage/price dynamics regionally, posing a potential headwind to Devon’s growth/asset economics if it raises local competition or costs. Houston energy company lands massive Delaware Basin deal worth billions

Devon Energy Stock Performance

Shares of Devon Energy stock opened at $43.21 on Friday. The firm’s fifty day simple moving average is $37.45 and its 200-day simple moving average is $35.27. Devon Energy Corporation has a 12 month low of $25.89 and a 12 month high of $43.68. The stock has a market capitalization of $27.11 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 3.80 and a beta of 0.61. 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 issued its quarterly earnings data on Wednesday, November 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.11. The company had revenue of $0.00 million for the quarter, compared to the consensus estimate of $4.10 billion. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. During the same period last year, the firm posted $1.10 EPS. As a group, equities analysts forecast that Devon Energy Corporation will post 4.85 earnings per share for the current year.

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.