World Investment Advisors Increases Stock Position in Devon Energy Corporation $DVN

World Investment Advisors boosted its stake in Devon Energy Corporation (NYSE:DVN) by 54.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,916 shares of the energy company’s stock after purchasing an additional 16,505 shares during the quarter. World Investment Advisors’ holdings in Devon Energy were worth $1,719,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Devon Energy by 552.1% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 635,800 shares of the energy company’s stock worth $23,289,000 after purchasing an additional 538,300 shares in the last quarter. HighPoint Advisor Group LLC lifted its stake in Devon Energy by 8.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 7,348 shares of the energy company’s stock worth $269,000 after purchasing an additional 573 shares in the last quarter. Blackhawk Capital Partners LLC purchased a new stake in Devon Energy in the 4th quarter worth $313,000. Centric Wealth Management purchased a new stake in Devon Energy in the 4th quarter worth $1,517,000. Finally, Valeo Financial Advisors LLC lifted its stake in Devon Energy by 14.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 10,553 shares of the energy company’s stock worth $387,000 after purchasing an additional 1,314 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Capital One Financial reduced their target price on shares of Devon Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. BMO Capital Markets boosted their target price on shares of Devon Energy from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank Of Canada boosted their target price on shares of Devon Energy from $46.00 to $59.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 8th. Argus boosted their target price on shares of Devon Energy from $41.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Jefferies Financial Group boosted their target price on shares of Devon Energy from $44.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, April 13th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Devon Energy has an average rating of “Moderate Buy” and an average target price of $56.41.

Insider Activity

In related news, SVP Adam M. Vela sold 24,342 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the transaction, the senior vice president directly owned 130,540 shares in the company, valued at approximately $6,162,793.40. This represents a 15.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey L. Ritenour sold 70,029 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.66, for a total transaction of $3,267,553.14. Following the transaction, the executive vice president owned 428,452 shares in the company, valued at $19,991,570.32. The trade was a 14.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.71% of the company’s stock.

Key Devon Energy News

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

• Positive Sentiment: Rising oil prices are helping Devon Energy, and one recent bull case says the company still looks cheap with commodity tailwinds expected into the second half of 2026. Article: Devon Energy: Still Cheap With FQ2’26 & H2’26 Commodity Tailwinds – Reiterate Buy
• Positive Sentiment: Recent coverage highlights Devon as a strong way to benefit from oil-market strength, with investors also focusing on the company’s post-merger scale and higher dividend outlook after the Coterra combination. Article: Devon Energy jumps as oil prices rise and investors digest post-merger capital return outlook
• Positive Sentiment: Devon’s higher quarterly dividend and ongoing analyst price targets in the mid-to-high $50s to $60s continue to support the stock’s income and valuation appeal.
• Neutral Sentiment: Evercore initiated coverage with an “in-line” rating and a $54 price target, suggesting fair value rather than a strong catalyst for a sharp re-rating.
• Neutral Sentiment: Articles comparing Devon Energy with Chevron frame DVN as the more oil-sensitive pick, which can help when crude is strong but leaves it more exposed if prices weaken. Article: Devon Energy vs. Chevron: Here’s the Better Oil Stock to Own Right Now
• Negative Sentiment: Scotiabank sharply reduced FY2026 and FY2027 earnings estimates, pointing to weaker profitability expectations ahead and weighing on investor sentiment. Article: Why Devon Energy’s (NYSE:DVN) Soft Earnings Are Just The Beginning Of Its Problems
• Negative Sentiment: Insider selling by SVP Adam Vela, along with the weak recent earnings report that missed revenue estimates, may be adding pressure by reinforcing concerns about near-term fundamentals. Article: Devon Energy (NYSE:DVN) SVP Adam Vela Sells 24,342 Shares

Devon Energy Stock Performance

Devon Energy stock opened at $49.55 on Friday. The company’s 50-day moving average price is $47.75 and its 200-day moving average price is $41.38. Devon Energy Corporation has a twelve month low of $30.24 and a twelve month high of $52.71. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.48. The company has a market cap of $30.79 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.79 and a beta of 0.43.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results on Tuesday, May 5th. The energy company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.34 billion. Devon Energy had a net margin of 13.71% and a return on equity of 15.22%. The business’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, equities research analysts forecast that Devon Energy Corporation will post 5.25 EPS for the current fiscal year.

Devon Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, June 15th. This is a positive change from Devon Energy’s previous quarterly dividend of $0.24. Devon Energy’s payout ratio is currently 26.74%.

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.