Teacher Retirement System of Texas Acquires 99,395 Shares of Devon Energy Corporation $DVN

Teacher Retirement System of Texas grew its holdings in Devon Energy Corporation (NYSE:DVN) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 818,713 shares of the energy company’s stock after buying an additional 99,395 shares during the quarter. Teacher Retirement System of Texas owned 0.13% of Devon Energy worth $28,704,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in DVN. TD Asset Management Inc increased its position in Devon Energy by 6.4% in the second quarter. TD Asset Management Inc now owns 267,322 shares of the energy company’s stock worth $8,504,000 after purchasing an additional 16,106 shares during the period. Natixis boosted its stake in shares of Devon Energy by 101.4% in the 2nd quarter. Natixis now owns 73,902 shares of the energy company’s stock valued at $2,351,000 after purchasing an additional 37,211 shares during the last quarter. CWM LLC grew its position in shares of Devon Energy by 70.0% during the 3rd quarter. CWM LLC now owns 336,861 shares of the energy company’s stock worth $11,810,000 after buying an additional 138,717 shares during the period. Stephens Inc. AR raised its stake in shares of Devon Energy by 90.4% during the second quarter. Stephens Inc. AR now owns 72,546 shares of the energy company’s stock worth $2,308,000 after buying an additional 34,448 shares during the last quarter. Finally, Scott & Selber Inc. bought a new stake in shares of Devon Energy during the second quarter worth approximately $2,455,000. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Key Devon Energy News

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

• Positive Sentiment: BofA raised its price target to $46 and kept a Buy rating, citing Devon’s resilient portfolio — a clear vote of confidence that can support further upside. BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio
• Positive Sentiment: Barclays analyst commentary flagged upside for DVN and said the stock is expected to rise, adding momentum to the bullish narrative. Devon Energy (NYSE:DVN) Stock Price Expected to Rise, Barclays Analyst Says
• Positive Sentiment: Investor’s Business Daily upgraded DVN’s relative price strength, a technical endorsement that often attracts momentum-focused traders. IBD rating upgrades: Devon Energy shows improved relative price strength
• Neutral Sentiment: Seeking Alpha published a bullish take noting “continued room to grow,” but this is an analytic view rather than a concrete catalyst. Devon Energy Has Continued Room To Grow
• Neutral Sentiment: Zacks noted DVN outperformed the market in the recent session (stock moved higher), but this is observational and not a fresh fundamental driver. Devon Energy (DVN) Surpasses Market Returns: Some Facts Worth Knowing
• Neutral Sentiment: Two analyst roundups (The Globe and Mail) discussed Devon alongside peers — useful context but no major new catalyst. Analysts Offer Insights on Energy Companies: Devon Energy (DVN) and Kinder Morgan (KMI)
• Neutral Sentiment: An American Banking News note raised a price target to $36 (a raise from prior levels but below current trading), which limits perceived upside relative to other higher PTs. Devon Energy (NYSE:DVN) Price Target Raised to $36.00
• Negative Sentiment: A Yahoo/Finance piece questioned whether investors should “reconsider” DVN after mixed share performance, flagging that some caution remains amid variable flows and market conditions. Is It Time To Reconsider Devon Energy (DVN) After Mixed Share Price Performance?

Devon Energy Stock Performance

Shares of Devon Energy stock opened at $38.63 on Friday. The company has a market capitalization of $24.23 billion, a PE ratio of 9.09, a PEG ratio of 3.44 and a beta of 0.60. Devon Energy Corporation has a 12 month low of $25.89 and a 12 month high of $39.19. 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 stock’s fifty day simple moving average is $36.57 and its 200 day simple moving average is $34.81.

Devon Energy (NYSE:DVN) last posted its earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share (EPS) 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 firm had revenue of $0.00 million during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. On average, research analysts predict that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, December 15th. Devon Energy’s dividend payout ratio is presently 22.59%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DVN shares. Citigroup raised their price objective on shares of Devon Energy from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Wells Fargo & Company cut their price target 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 raised their price target on Devon Energy from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Raymond James Financial lifted 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. Finally, Benchmark reissued a “buy” rating on shares of Devon Energy in a research note on Friday, January 16th. Two equities research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Devon Energy has a consensus rating of “Moderate Buy” and an average price target of $44.31.

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.