Devon Energy Corporation $DVN Shares Sold by Kerusso Capital Management LLC

Kerusso Capital Management LLC trimmed its position in Devon Energy Corporation (NYSE:DVN) by 52.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,587 shares of the energy company’s stock after selling 56,752 shares during the quarter. Kerusso Capital Management LLC’s holdings in Devon Energy were worth $1,774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Devon Energy by 1.2% in the second quarter. Geode Capital Management LLC now owns 18,595,683 shares of the energy company’s stock worth $589,399,000 after purchasing an additional 218,034 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Devon Energy by 78.7% in the 2nd quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company’s stock valued at $202,327,000 after buying an additional 2,802,137 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Devon Energy by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,784,270 shares of the energy company’s stock valued at $152,188,000 after buying an additional 77,433 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in Devon Energy by 83.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 4,568,092 shares of the energy company’s stock worth $145,311,000 after acquiring an additional 2,083,600 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Devon Energy by 3.7% in the second quarter. Legal & General Group Plc now owns 3,179,937 shares of the energy company’s stock worth $101,154,000 after acquiring an additional 112,537 shares during the last quarter. 69.72% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Unusual call‑option activity suggests some investors are positioning for a dividend increase ahead of Devon’s Q4 earnings release (Feb. 17). That speculation can support near‑term upside if management signals a bigger cash return. Devon Energy Unusual Call Option Activity – Investors Expecting a Dividend Hike?
• Neutral Sentiment: Reports that Devon and Coterra Energy are in preliminary merger talks have surfaced — a combination would create one of the largest independent U.S. shale producers. The outcome is highly uncertain (exploratory discussions), so implications for NV shareholder value, synergies, or financing/dilution remain unclear. Exclusive: US shale producers Devon Energy and Coterra Energy in merger talks, sources say
• Neutral Sentiment: Short‑term volatility: DVN rose on Jan. 14 but then dropped on Jan. 15 as the market absorbed merger and analyst news. Investors should expect headline‑driven swings ahead of any deal confirmation or earnings commentary. Devon Energy (DVN) Rises As Market Takes a Dip: Key Facts Devon Energy (DVN) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: Analyst price‑target downgrades: BMO trimmed its PT to $45 (from $48) while keeping an Outperform; JPMorgan cut its PT to $41 (from $44) but kept Overweight. Those cuts reduce the near‑term upside implied by sell‑side followers and may weigh on sentiment until catalysts reappear. BMO cuts price target on Devon Energy to $45 from $48 JPMorgan adjusts price target on Devon Energy to $41 from $44
• Negative Sentiment: Immediate market reaction to merger headlines has been unfavorable for DVN (shares fell while Coterra rose), reflecting investor concern about deal terms, dilution, or strategic fit until details emerge. Coterra stock rises, Devon falls following report on merger talks

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Evercore ISI upped their target price on Devon Energy from $34.00 to $37.00 and gave the company an “in-line” rating in a report on Monday, October 6th. Raymond James Financial upped their price objective on Devon Energy from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Wells Fargo & Company cut their target price on Devon Energy from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. Mizuho boosted their price target on shares of Devon Energy from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Devon Energy in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.21.

Devon Energy Trading Down 4.1%

Shares of NYSE:DVN opened at $36.36 on Friday. The stock has a market capitalization of $22.81 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 3.21 and a beta of 0.60. Devon Energy Corporation has a 1-year low of $25.89 and a 1-year high of $38.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96. The company has a 50 day moving average price of $36.29 and a 200 day moving average price of $34.63.

Devon Energy (NYSE:DVN) last released its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.The business had revenue of $0.00 million during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the company posted $1.10 EPS. On average, research analysts anticipate that Devon Energy Corporation will post 4.85 EPS for the current fiscal year.

Devon Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, December 15th. Devon Energy’s dividend payout ratio is 22.59%.

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.