Dimensional Fund Advisors LP Has $327.94 Million Position in Devon Energy Corporation $DVN

Dimensional Fund Advisors LP grew its position in Devon Energy Corporation (NYSE:DVN) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,353,062 shares of the energy company’s stock after acquiring an additional 552,068 shares during the period. Dimensional Fund Advisors LP owned about 1.47% of Devon Energy worth $327,938,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caldwell Trust Co bought a new position in Devon Energy during the second quarter worth about $25,000. PFS Partners LLC bought a new stake in Devon Energy in the third quarter valued at approximately $25,000. First Horizon Corp acquired a new stake in shares of Devon Energy in the third quarter valued at approximately $26,000. Accredited Wealth Management LLC boosted its stake in shares of Devon Energy by 61.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after acquiring an additional 308 shares during the period. Finally, ORG Partners LLC increased its holdings in shares of Devon Energy by 65.7% during the 3rd quarter. ORG Partners LLC now owns 888 shares of the energy company’s stock worth $31,000 after acquiring an additional 352 shares during the last quarter. 69.72% of the stock is owned by institutional investors.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Piper Sandler raised its price target to $59 and kept an “overweight” rating, implying sizable upside from current levels. Piper Sandler raises PT to $59
• Positive Sentiment: UBS boosted its price target to $55 and reiterated a “buy” rating, another near‑term catalyst supporting the stock. UBS raises PT to $55
• Positive Sentiment: Devon agreed to an all‑stock, ~$58B merger with Coterra Energy that will create one of the largest U.S. shale producers; management expects substantial operating and cost synergies, and higher oil prices from Middle East tensions increase near‑term revenue/cashflow expectations for the combined company. Devon and Coterra merger
• Neutral Sentiment: The market reaction is mixed: analyst upgrades and merger scale are supportive, but stock performance will hinge on integration execution, share dilution from an all‑stock deal and how management updates capital allocation after combining portfolios.
• Negative Sentiment: Zacks Research sharply cut multiple near‑term and FY2026/FY2027 EPS estimates, dropped FY targets substantially and assigned a “Strong Sell” rating — a clear negative that increases short‑term earnings risk and may cap multiple expansion. Q2 EPS Estimates Reduced by Zacks

Devon Energy Stock Performance

Shares of NYSE:DVN opened at $44.53 on Friday. Devon Energy Corporation has a 12-month low of $25.89 and a 12-month high of $46.15. The company’s 50 day moving average price is $40.27 and its two-hundred day moving average price is $36.78. The firm has a market cap of $27.61 billion, a PE ratio of 10.68, a PEG ratio of 4.33 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.

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

Devon Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, March 13th. Devon Energy’s dividend payout ratio is presently 23.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Scotiabank cut their price target on Devon Energy from $45.00 to $41.00 and set a “sector perform” rating for the company in a report on Monday, February 23rd. Citigroup raised their target price on shares of Devon Energy from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Siebert Williams Shank lifted their target price on shares of Devon Energy from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Piper Sandler increased their price target on shares of Devon Energy from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday. Finally, UBS Group boosted their price objective on Devon Energy from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday. Twenty-three equities research 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’s stock. Based on data from MarketBeat, Devon Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Devon Energy 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.