Devon Energy (NYSE:DVN) Stock Acquired Rep. Julia Letlow

Representative Julia Letlow (R-Louisiana) recently bought shares of Devon Energy Corporation (NYSE:DVN). In a filing disclosed on January 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Devon Energy stock on December 8th. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Pinterest (NYSE:PINS) on 12/16/2025.
• Purchased $1,001 – $15,000 in shares of United Rentals (NYSE:URI) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Mettler-Toledo International (NYSE:MTD) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Icon Energy (NASDAQ:ICON) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of AstraZeneca (NASDAQ:AZN) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Warner Bros. Discovery (NASDAQ:WBD) on 12/8/2025.

Devon Energy Trading Down 4.1%

Shares of Devon Energy stock traded down $1.56 during trading hours on Thursday, reaching $36.36. The stock had a trading volume of 22,427,349 shares, compared to its average volume of 7,458,656. The firm has a market capitalization of $22.81 billion, a price-to-earnings ratio of 8.56, a P/E/G 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 current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $36.29 and a two-hundred day simple moving average of $34.63.

Devon Energy (NYSE:DVN) last issued its earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $4.10 billion. During the same quarter in the previous year, the business earned $1.10 EPS. As a group, equities research analysts anticipate that Devon Energy Corporation will post 4.85 earnings per share for the current year.

Devon Energy Announces Dividend

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

Analysts Set New Price Targets

DVN has been the subject of several recent research reports. Susquehanna increased their price objective on shares of Devon Energy from $40.00 to $42.00 and gave the stock a “positive” rating in a research report on Wednesday, November 12th. Citigroup increased their price target on Devon Energy from $43.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Evercore ISI raised their price objective on Devon Energy from $34.00 to $37.00 and gave the company an “in-line” rating in a research report on Monday, October 6th. Raymond James Financial upped their target price on Devon Energy from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Finally, Sanford C. Bernstein dropped their target price on Devon Energy from $48.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.21.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Woodline Partners LP raised its position in shares of Devon Energy by 98.8% in the 1st 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. Focus Partners Wealth raised its holdings in Devon Energy by 7.9% in the first quarter. Focus Partners Wealth now owns 162,446 shares of the energy company’s stock valued at $6,076,000 after acquiring an additional 11,850 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Devon Energy by 4.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,931 shares of the energy company’s stock valued at $371,000 after acquiring an additional 465 shares during the last quarter. Kera Capital Partners Inc. bought a new position in Devon Energy during the 2nd quarter valued at $247,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Devon Energy by 24.2% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,483 shares of the energy company’s stock worth $111,000 after acquiring an additional 679 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Unusual call-option activity points to investor expectations of a dividend increase or other shareholder-friendly action ahead of Q4 results (earnings set for Feb. 17), which could support the share price if management follows through. Devon Energy Unusual Call Option Activity – Barchart
• Neutral Sentiment: Analysts remain constructive overall (outperform/overweight stances still in place) even after price-target reductions, implying continued upside in analyst models but less near-term enthusiasm. BMO Capital Markets cuts PT to $45 – MarketScreener
• Neutral Sentiment: JPMorgan trimmed its price target but kept an overweight rating, signaling confidence in medium-term fundamentals despite lower near-term estimates. JPMorgan adjusts PT to $41 – MarketScreener
• Negative Sentiment: Reports that Devon and Coterra are in merger discussions pressured Devon shares as investors parsed potential deal terms and dilution/valuation implications; Coterra shares rallied on the news, suggesting market preference for the counterparty in initial headlines. Exclusive: Devon and Coterra in merger talks – Reuters
• Negative Sentiment: Multiple outlets amplified the takeover chatter (Bloomberg/MSN/Financial Post), increasing short-term volatility and prompting profit-taking as investors reassess Devon’s standalone outlook versus a combined company scenario. Coterra considers combining with Devon – Financial Post

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

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.