Devon Energy Corporation $DVN Stock Bought by Artemis Investment Management LLP

Artemis Investment Management LLP grew its position in Devon Energy Corporation (NYSE:DVN) by 103.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,465,225 shares of the energy company’s stock after acquiring an additional 746,360 shares during the period. Artemis Investment Management LLP’s holdings in Devon Energy were worth $67,459,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DVN. Tobam grew its position in shares of Devon Energy by 16.4% in the 4th quarter. Tobam now owns 1,633 shares of the energy company’s stock valued at $60,000 after purchasing an additional 230 shares during the period. Sigma Planning Corp raised its holdings in Devon Energy by 3.5% during the 2nd quarter. Sigma Planning Corp now owns 6,902 shares of the energy company’s stock worth $285,000 after buying an additional 233 shares during the period. Retirement Planning Group LLC raised its holdings in Devon Energy by 4.5% during the 2nd quarter. Retirement Planning Group LLC now owns 5,647 shares of the energy company’s stock worth $233,000 after buying an additional 243 shares during the period. JFS Wealth Advisors LLC lifted its stake in Devon Energy by 56.6% in the second quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company’s stock valued at $28,000 after buying an additional 245 shares in the last quarter. Finally, Michels Family Financial LLC lifted its stake in Devon Energy by 2.5% in the fourth quarter. Michels Family Financial LLC now owns 11,098 shares of the energy company’s stock valued at $407,000 after buying an additional 270 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Devon Energy

In related news, EVP Robert Ferrall Lowe III sold 6,756 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $50.95, for a total transaction of $344,218.20. Following the completion of the transaction, the executive vice president directly owned 72,720 shares of the company’s stock, valued at approximately $3,705,084. This represents a 8.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Clay M. Gaspar purchased 3,913 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was bought at an average price of $51.08 per share, with a total value of $199,876.04. Following the completion of the purchase, the chief executive officer owned 619,152 shares of the company’s stock, valued at approximately $31,626,284.16. This represents a 0.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 4.58% of the stock is currently owned by insiders.

Devon Energy Stock Up 2.3%

Shares of DVN stock traded up $1.10 during trading on Thursday, reaching $48.98. The company’s stock had a trading volume of 5,025,840 shares, compared to its average volume of 13,157,568. Devon Energy Corporation has a one year low of $31.47 and a one year high of $52.71. The business has a fifty day moving average price of $47.26 and a 200-day moving average price of $46.33. The company has a market cap of $53.87 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.29 and a beta of 0.49. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.24.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.17. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The business had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was up 73.1% compared to the same quarter last year. Analysts anticipate that Devon Energy Corporation will post 5.33 earnings per share for the current year.

Devon Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.32 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.6%. Devon Energy’s dividend payout ratio (DPR) is presently 30.40%.

Key Stories Impacting Devon Energy

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

• Positive Sentiment: Devon agreed to sell its Eagle Ford assets to Crescent Energy for $4.2 billion in cash, subject to customary closing adjustments. Management said the transaction follows a portfolio review, monetizes the assets at an attractive valuation and allows Devon to focus on higher-return, longer-duration operations. The deal is the primary catalyst behind the stock’s increase. Devon Energy Announces Agreement to Exit the Eagle Ford for $4.2 Billion
• Positive Sentiment: The asset sale should sharpen Devon’s strategic focus and provide additional balance-sheet and capital-allocation flexibility following its merger with Coterra Energy. Investors appear to view the transaction as evidence that Devon is actively optimizing its portfolio. Devon Energy Stock Rises After $4.2B Asset Sale to Boost Efficiency
• Neutral Sentiment: Devon plans to move its corporate headquarters from Oklahoma City to Houston after the Coterra merger, concentrating senior leadership in a major U.S. energy hub. The relocation may support integration and dealmaking, but its near-term effect on earnings is unclear. Devon Energy Picks Houston as Its New Corporate Home
• Neutral Sentiment: Devon will release third-quarter 2026 results after the market close on November 5 and hold its conference call on November 6. The announcement provides a date for the next major earnings catalyst but contains no new operating results. Devon Energy Schedules Third-Quarter 2026 Earnings Release and Conference Call
• Negative Sentiment: Truist lowered its price target for DVN from $65 to $61 while maintaining a Buy rating. Although the revised target still implies meaningful upside, the reduction signals somewhat less near-term valuation optimism. Truist Lowers Devon Energy Price Target

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James Financial increased their price objective on shares of Devon Energy from $64.00 to $67.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 14th. Susquehanna upped their target price on shares of Devon Energy from $57.00 to $63.00 and gave the stock a “positive” rating in a research note on Tuesday, July 21st. Morgan Stanley lowered their target price on Devon Energy from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Citigroup lifted their price target on Devon Energy from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Finally, Wells Fargo & Company cut their price target on Devon Energy from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.11.

Devon Energy Profile

Devon Energy Corporation (NYSE: DVN) is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company operates in the United States and focuses on onshore properties with oil- and liquids-rich resources.

Devon’s operations are concentrated in several major U.S. producing regions, including the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.