American Century Companies Inc. Has $62.04 Million Stock Position in Devon Energy Corporation $DVN

American Century Companies Inc. increased its stake in shares of Devon Energy Corporation (NYSE:DVN) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,769,414 shares of the energy company’s stock after purchasing an additional 131,349 shares during the period. American Century Companies Inc.’s holdings in Devon Energy were worth $62,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Woodline Partners LP increased its stake in Devon Energy by 98.8% in the first quarter. Woodline Partners LP now owns 115,780 shares of the energy company’s stock valued at $4,330,000 after purchasing an additional 57,555 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Devon Energy during the second quarter worth $403,000. Hantz Financial Services Inc. grew its holdings in shares of Devon Energy by 1,169.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,727 shares of the energy company’s stock valued at $55,000 after buying an additional 1,591 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of Devon Energy by 63.3% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,411 shares of the energy company’s stock valued at $45,000 after buying an additional 547 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. increased its position in shares of Devon Energy by 44.3% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 44,722 shares of the energy company’s stock valued at $1,423,000 after buying an additional 13,726 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy Stock Down 1.1%

NYSE:DVN opened at $43.51 on Thursday. Devon Energy Corporation has a twelve month low of $25.89 and a twelve month high of $46.15. The firm has a market capitalization of $26.98 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 4.38 and a beta of 0.56. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $40.10 and its two-hundred day moving average price is $36.72.

Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, February 17th. The energy company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. Devon Energy’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. Equities research analysts expect that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 13th. Devon Energy’s dividend payout ratio (DPR) is presently 23.02%.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: BMO Capital Markets raised its price target to $55 and maintained an “Outperform” rating, implying roughly 25% upside from the recent price. That call can attract momentum buying and provides a counterweight to recent downgrades. MarketScreener
• Positive Sentiment: Mizuho reaffirmed an Outperform rating and a $51 price target after Devon’s Q4 results (revenue beat at ~$4.12B, EPS roughly in line). That reinforces a view that Devon can deliver near-term operating resilience even as some models get trimmed. Mizuho Reaffirms Outperform
• Positive Sentiment: Heightened Middle East tensions and headlines suggesting strikes involving Iran have prompted analysts and outlets to expect oil-price spikes—an external catalyst that would likely boost cash flow and margins for large U.S. producers like Devon. This macro/geopolitical risk is a potential upside trigger for the stock. Oil price article
• Negative Sentiment: Zacks Research issued a sweeping set of earnings cuts across 2026–2028 (multiple quarterly and full‑year downgrades) and carries a “Strong Sell” rating. Notable revisions include FY2026 EPS trimmed to ~$2.86 (from ~$3.68 prior) and FY2027 to ~$3.30 (from ~$4.45), plus sharp cuts to several quarterly estimates (many quarters cut by large percentages). Those revisions increase near‑term downside risk as models are repriced and investor sentiment weakens. See the Devon profile for the Zacks coverage reference. Devon profile

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Roth Mkm reiterated a “buy” rating and set a $50.00 price objective on shares of Devon Energy in a report on Thursday, February 19th. Morgan Stanley lowered their target price on Devon Energy from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Siebert Williams Shank lifted their price target on shares of Devon Energy from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Wolfe Research upped their price target on shares of Devon Energy from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Citigroup raised their price objective on shares of Devon Energy from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Twenty-three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Devon Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.65.

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.