Resonant Capital Advisors LLC Sells 46,455 Shares of Devon Energy Corporation $DVN

Resonant Capital Advisors LLC lessened its stake in shares of Devon Energy Corporation (NYSE:DVN) by 75.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,832 shares of the energy company’s stock after selling 46,455 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Devon Energy were worth $520,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DVN shares. Barclays cut their target price on shares of Devon Energy from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Royal Bank Of Canada set a $42.00 price target on shares of Devon Energy and gave the stock a “sector perform” rating in a report on Friday, October 10th. BMO Capital Markets reduced their price objective on shares of Devon Energy from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. Morgan Stanley raised their target price on Devon Energy from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Finally, Johnson Rice cut their target price on Devon Energy from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Devon Energy currently has a consensus rating of “Moderate Buy” and an average target price of $44.21.

Devon Energy Price Performance

Shares of NYSE DVN opened at $36.19 on Monday. The company has a market capitalization of $22.70 billion, a PE ratio of 8.52, a P/E/G ratio of 3.06 and a beta of 0.60. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Devon Energy Corporation has a twelve month low of $25.89 and a twelve month high of $38.88. The firm has a fifty day simple moving average of $36.34 and a 200 day simple moving average of $34.68.

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

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, December 15th. Devon Energy’s payout ratio is presently 22.59%.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Unusual call‑option activity flagged by options scanners, interpreted by some traders as a bet on a dividend hike or other shareholder return (could support the stock if a payout is announced). Devon Energy Unusual Call Option Activity
• Neutral Sentiment: Market commentary and trading notes showing short‑term volatility: Zacks flagged a selloff on 1/15 and noted a prior uptick on 1/14 — indicates headline‑driven moves rather than a single fundamental change. Devon Energy (DVN) Stock Dips While Market Gains: Key Facts
• Neutral Sentiment: Discussion pieces on whether Wall Street analyst views justify positions — useful context but not a direct catalyst. Is It Worth Investing in Devon Energy (DVN)
• Negative Sentiment: Multiple reports that Devon and Coterra are in merger talks — such headlines can create uncertainty over deal terms, potential dilution or leadership changes; initial market reaction saw Devon shares fall while Coterra rose. (coverage: Reuters, Bloomberg, Financial Post) Reuters: Devon and Coterra in merger talks Bloomberg/MSN: Coterra exploring deal Financial Post: Coterra considers combining with Devon
• Negative Sentiment: BMO Capital Markets trimmed its price target on DVN (maintained Outperform) — the cut reduces near‑term upside expectations even though the rating stayed constructive. MarketScreener: BMO cuts price target
• Negative Sentiment: JPMorgan lowered its price target on DVN while keeping an Overweight rating — another downward tweak to analyst targets that can weigh on sentiment even if brokerages remain bullish on longer‑term fundamentals. MarketScreener: JPMorgan adjusts price target

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.