Erste Asset Management GmbH Buys New Stake in Devon Energy Corporation $DVN

Erste Asset Management GmbH bought a new stake in Devon Energy Corporation (NYSE:DVN) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 21,400 shares of the energy company’s stock, valued at approximately $774,000.

Other hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC boosted its stake in Devon Energy by 3.4% during the 4th quarter. TD Private Client Wealth LLC now owns 7,152 shares of the energy company’s stock worth $262,000 after purchasing an additional 236 shares during the period. Catalyst Financial Partners LLC lifted its stake in shares of Devon Energy by 3.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,712 shares of the energy company’s stock worth $246,000 after acquiring an additional 254 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Devon Energy by 21.0% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,480 shares of the energy company’s stock worth $54,000 after acquiring an additional 257 shares during the period. Murphy Pohlad Asset Management LLC lifted its stake in shares of Devon Energy by 0.3% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 113,537 shares of the energy company’s stock worth $4,159,000 after acquiring an additional 295 shares during the period. Finally, Aprio Wealth Management LLC lifted its stake in shares of Devon Energy by 4.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 7,521 shares of the energy company’s stock worth $264,000 after acquiring an additional 297 shares during the period. 69.72% of the stock is owned by hedge funds and other institutional investors.

Devon Energy News Summary

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

• Positive Sentiment: Evercore ISI upgraded Devon Energy to Outperform, saying the company’s mid-month operating update came in better than expected and supporting the stock’s recent rally. Devon Energy surges on Evercore upgrade, updated full-year outlook post-Coterra deal
• Positive Sentiment: Devon raised its 2026 guidance after the Coterra deal, projecting about 1.38 million boe/day of production, roughly $4.9 billion in capital spending, and up to 70% of free cash flow returned to shareholders through dividends and buybacks. Devon Energy Provides Updated 2026 Outlook
• Positive Sentiment: Multiple brokerages turned constructive on the name, including Argus raising its price target to $53 and JPMorgan reinstating coverage with an Overweight rating and a $62 target, reinforcing the valuation appeal. Tickerreport.com
• Neutral Sentiment: Broader energy stocks were also firmer ahead of the bell, which likely provided a small tailwind to Devon alongside the company-specific catalysts. Sector Update: Energy Stocks Edge Higher Pre-Bell Wednesday
• Negative Sentiment: Investors are still weighing integration and execution risks from the Coterra merger, plus the usual sensitivity to oil, gas, and NGL prices, which could pressure results if commodity markets weaken. Devon Energy provides full-year forecast after merger with Coterra Energy

Insider Activity at Devon Energy

In related news, EVP Jeffrey L. Ritenour sold 70,029 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $46.66, for a total value of $3,267,553.14. Following the sale, the executive vice president directly owned 428,452 shares of the company’s stock, valued at approximately $19,991,570.32. This trade represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Adam M. Vela sold 24,342 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the completion of the sale, the senior vice president directly owned 130,540 shares in the company, valued at $6,162,793.40. This represents a 15.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.58% of the stock is currently owned by company insiders.

Devon Energy Stock Performance

Shares of NYSE DVN opened at $46.58 on Thursday. The company has a market cap of $28.95 billion, a PE ratio of 12.98 and a beta of 0.37. Devon Energy Corporation has a 12 month low of $31.45 and a 12 month high of $52.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.01 and a quick ratio of 0.94. The company has a 50-day simple moving average of $47.22 and a 200-day simple moving average of $43.01.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results on Tuesday, May 5th. The energy company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Devon Energy had a return on equity of 15.22% and a net margin of 13.71%.The business’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. On average, equities analysts anticipate that Devon Energy Corporation will post 4.41 earnings per share for the current year.

Devon Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.32 dividend. This is a boost from Devon Energy’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Devon Energy’s dividend payout ratio is 26.74%.

Analysts Set New Price Targets

DVN has been the subject of several recent analyst reports. Barclays raised their target price on shares of Devon Energy from $54.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Piper Sandler raised their target price on shares of Devon Energy from $59.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Scotiabank increased their price target on shares of Devon Energy from $41.00 to $46.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Susquehanna increased their price target on shares of Devon Energy from $52.00 to $57.00 and gave the company a “positive” rating in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. began coverage on shares of Devon Energy in a report on Monday. They issued an “overweight” rating and a $62.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.67.

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.