Weekly Research Analysts’ Ratings Changes for Devon Energy (DVN)

Several brokerages have updated their recommendations and price targets on shares of Devon Energy (NYSE: DVN) in the last few weeks:

• 6/22/2026 – Devon Energy was given a new $67.00 price target by Wolfe Research. They now have an “outperform” rating on the stock.
• 6/21/2026 – Devon Energy was downgraded by Wall Street Zen from “buy” to “hold”.
• 6/15/2026 – Devon Energy had its price target lowered by Raymond James Financial, Inc. from $72.00 to $66.00. They now have a “strong-buy” rating on the stock.
• 6/13/2026 – Devon Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 6/11/2026 – Devon Energy had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 6/10/2026 – Devon Energy had its “outperform” rating reaffirmed by BMO Capital Markets.
• 6/10/2026 – Devon Energy had its price target lowered by UBS Group AG from $60.00 to $58.00. They now have a “buy” rating on the stock.
• 6/10/2026 – Devon Energy was upgraded by Evercore Inc from “in-line” to “outperform”. They now have a $54.00 price target on the stock.
• 6/10/2026 – Devon Energy had its price target raised by Argus from $51.00 to $53.00. They now have a “buy” rating on the stock.
• 6/8/2026 – Devon Energy is now covered by JPMorgan Chase & Co.. They set an “overweight” rating and a $62.00 price target on the stock.
• 6/2/2026 – Devon Energy had its price target lowered by Capital One Financial Corporation from $63.00 to $61.00. They now have an “overweight” rating on the stock.
• 6/1/2026 – Devon Energy had its price target raised by Truist Financial Corporation from $63.00 to $66.00. They now have a “buy” rating on the stock.
• 5/27/2026 – Devon Energy had its price target raised by Mizuho from $62.00 to $68.00. They now have an “outperform” rating on the stock.
• 5/27/2026 – Devon Energy was downgraded by Zacks Research from “strong-buy” to “hold”.
• 5/26/2026 – Devon Energy had its price target raised by Barclays PLC from $54.00 to $62.00. They now have an “overweight” rating on the stock.
• 5/21/2026 – Devon Energy had its price target raised by Morgan Stanley from $59.00 to $66.00. They now have an “overweight” rating on the stock.
• 5/20/2026 – Devon Energy had its price target raised by Citigroup Inc. from $60.00 to $65.00. They now have a “buy” rating on the stock.
• 5/18/2026 – Devon Energy had its price target raised by Jefferies Financial Group Inc. from $62.00 to $63.00. They now have a “buy” rating on the stock.
• 5/18/2026 – Devon Energy had its price target raised by Wells Fargo & Company from $66.00 to $68.00. They now have an “overweight” rating on the stock.
• 5/17/2026 – Devon Energy was downgraded by Wall Street Zen from “buy” to “hold”.
• 5/15/2026 – Devon Energy is now covered by Evercore Inc. They set an “in-line” rating and a $54.00 price target on the stock.
• 5/13/2026 – Devon Energy had its price target raised by BMO Capital Markets from $60.00 to $65.00. They now have an “outperform” rating on the stock.
• 5/9/2026 – Devon Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 5/5/2026 – Devon Energy was upgraded by Raymond James Financial, Inc. from “outperform” to “strong-buy”. They now have a $72.00 price target on the stock.
• 4/28/2026 – Devon Energy had its “buy” rating reaffirmed by Roth Mkm. They now have a $57.00 price target on the stock.
• 4/28/2026 – Devon Energy was upgraded by Zacks Research from “hold” to “strong-buy”.
• 4/28/2026 – Devon Energy had its price target raised by Morgan Stanley from $46.00 to $59.00. They now have an “overweight” rating on the stock.

Devon Energy Increases Dividend

The company also recently disclosed 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 is a positive change from Devon Energy’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.0%. Devon Energy’s dividend payout ratio (DPR) is 35.65%.

Insider Activity at Devon Energy

In other news, SVP Andrea Alexander sold 18,000 shares of Devon Energy stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $46.74, for a total transaction of $841,320.00. Following the sale, the senior vice president directly owned 138,529 shares of the company’s stock, valued at approximately $6,474,845.46. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Adam M. Vela sold 24,342 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.21, for a total value of $1,149,185.82. Following the sale, the senior vice president owned 130,540 shares in the company, valued at approximately $6,162,793.40. This trade represents a 15.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 112,371 shares of company stock valued at $5,258,059 in the last 90 days. 4.58% of the stock is owned by corporate insiders.

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.