IFM Investors Pty Ltd Increases Stake in Devon Energy Corporation $DVN

IFM Investors Pty Ltd grew its holdings in Devon Energy Corporation (NYSE:DVN) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,953 shares of the energy company’s stock after purchasing an additional 14,924 shares during the period. IFM Investors Pty Ltd’s holdings in Devon Energy were worth $8,149,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DVN. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Devon Energy during the 4th quarter worth about $25,000. MV Capital Management Inc. bought a new stake in shares of Devon Energy during the fourth quarter valued at about $29,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Devon Energy during the fourth quarter valued at about $29,000. Ameriflex Group Inc. lifted its holdings in shares of Devon Energy by 702.0% in the third quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock worth $28,000 after buying an additional 702 shares in the last quarter. Finally, Olistico Wealth LLC purchased a new stake in shares of Devon Energy in the fourth quarter worth about $31,000. 69.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group cut their price target on shares of Devon Energy from $60.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, June 10th. Zacks Research cut shares of Devon Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Morgan Stanley lowered their price objective on Devon Energy from $66.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Mizuho lifted their price objective on Devon Energy from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Finally, Evercore upgraded Devon Energy from an “in-line” rating to an “outperform” rating and set a $54.00 target price for the company in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.38.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Some recent commentary continued to frame Devon Energy as an undervalued or attractive value stock, suggesting investors still see upside in the shares. Devon Energy (DVN): The Most Undervalued American Stock to Invest In
• Positive Sentiment: Devon Energy announced it will report second-quarter 2026 results on August 4 and host a conference call on August 5, giving investors a clear near-term catalyst to watch. Devon Energy Schedules Second-Quarter 2026 Earnings Release and Conference Call
• Neutral Sentiment: Devon Energy completed its private exchange offers involving notes issued by subsidiary Coterra Energy, a balance-sheet and capital-structure move that is not clearly positive or negative for the stock. Is Devon (DVN) One of the Best Value Stocks to Buy Right Now?
• Negative Sentiment: Zacks Research cut its Q2 2026 EPS estimate for Devon Energy to $1.09 from $1.25, signaling softer near-term earnings expectations.
• Negative Sentiment: Zacks Research also reduced its FY2028 EPS estimate to $4.73 from $4.82 and maintained a Hold rating, reinforcing a cautious view on longer-term earnings power.
• Negative Sentiment: Another analyst note from Morgan Stanley cut its price target on Devon Energy to $63 from $66 after oil prices weakened, adding to sector-related pressure on sentiment. Devon Energy (DVN): The Most Undervalued American Stock to Invest In

Devon Energy Stock Performance

Devon Energy stock opened at $40.44 on Friday. Devon Energy Corporation has a fifty-two week low of $31.45 and a fifty-two week high of $52.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 1.01. The stock has a market cap of $25.13 billion, a P/E ratio of 11.26 and a beta of 0.38. The firm’s fifty day moving average price is $45.66 and its 200-day moving average price is $43.63.

Devon Energy (NYSE:DVN) last released its 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). Devon Energy had a net margin of 13.71% and a return on equity of 15.22%. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the company earned $0.82 EPS. The firm’s revenue was down 14.5% compared to the same quarter last year. On average, equities research analysts expect that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, June 15th. This is an increase from Devon Energy’s previous quarterly dividend of $0.24. Devon Energy’s dividend payout ratio (DPR) is currently 35.65%.

Insider Activity

In related news, SVP Andrea Alexander sold 18,000 shares of Devon Energy stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total value of $841,320.00. Following the transaction, the senior vice president owned 138,529 shares in the company, valued at $6,474,845.46. This trade represents a 11.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Adam M. Vela sold 24,342 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $6,162,793.40. This represents a 15.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 112,371 shares of company stock worth $5,258,059. 4.58% of the stock is currently owned by insiders.

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.