GSA Capital Partners LLP Cuts Position in Devon Energy Corporation $DVN

GSA Capital Partners LLP cut its holdings in Devon Energy Corporation (NYSE:DVN) by 78.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,941 shares of the energy company’s stock after selling 64,179 shares during the period. GSA Capital Partners LLP’s holdings in Devon Energy were worth $741,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of Devon Energy by 45.9% during the second quarter. Russell Investments Group Ltd. now owns 2,029,165 shares of the energy company’s stock valued at $83,878,000 after acquiring an additional 638,475 shares during the last quarter. Stoneridge Investment Partners LLC boosted its position in Devon Energy by 44.8% in the second quarter. Stoneridge Investment Partners LLC now owns 20,661 shares of the energy company’s stock worth $932,000 after purchasing an additional 6,395 shares during the last quarter. One Wealth Advisors LLC boosted its position in Devon Energy by 28.3% in the second quarter. One Wealth Advisors LLC now owns 14,062 shares of the energy company’s stock worth $581,000 after purchasing an additional 3,098 shares during the last quarter. Clearstead Trust LLC grew its stake in Devon Energy by 14.2% in the 2nd quarter. Clearstead Trust LLC now owns 3,201 shares of the energy company’s stock valued at $132,000 after purchasing an additional 399 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in Devon Energy by 55.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 764,087 shares of the energy company’s stock valued at $31,572,000 after purchasing an additional 272,638 shares during the period. 69.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DVN. The Goldman Sachs Group decreased their target price on Devon Energy from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Capital One Financial reduced their price target on shares of Devon Energy from $63.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, June 2nd. Scotiabank raised their price objective on shares of Devon Energy from $41.00 to $46.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. BMO Capital Markets restated an “outperform” rating on shares of Devon Energy in a report on Wednesday, June 10th. Finally, Zacks Research lowered shares of Devon Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.15.

Devon Energy Stock Performance

NYSE:DVN opened at $48.16 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. The business has a fifty day simple moving average of $43.56 and a two-hundred day simple moving average of $45.36. Devon Energy Corporation has a 1 year low of $31.47 and a 1 year high of $52.71. The company has a market capitalization of $52.98 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.36 and a beta of 0.38.

Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The firm had revenue of $7.42 billion for the quarter, compared to analyst estimates of $6.01 billion. During the same period in the previous year, the company posted $0.84 earnings per share. The business’s revenue was up 73.1% on a year-over-year basis. On average, analysts expect that Devon Energy Corporation will post 5.04 earnings per share for the current year.

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Devon Energy’s payout ratio is currently 30.40%.

Key Devon Energy News

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

• Positive Sentiment: Devon’s post-merger output reportedly exceeded guidance, suggesting the combined operations may be delivering stronger-than-expected production and improving confidence in near-term results. Devon Energy stock in focus as output tops guidance post-merger
• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $4.96 from $4.53 and increased estimates for Q4 2026 to $1.22 from $1.16 and Q1 2027 to $1.31 from $1.26. The upgrades indicate improved expectations for Devon’s earnings trajectory. Devon Energy analyst estimates
• Positive Sentiment: Argus initiated or reaffirmed a “Buy” rating on Devon Energy, adding a favorable Wall Street view as the company benefits from its multi-basin portfolio, low-cost operations and relatively modest leverage. Devon Energy earns Buy rating from Argus
• Neutral Sentiment: Devon’s shares have outperformed the industry over the past month. The company’s diversified production base and cost structure offer support, but earnings remain exposed to oil and natural-gas price swings. DVN stock outperforms industry in a month
• Neutral Sentiment: Despite the higher earnings forecasts, Zacks Research maintains a “Hold” rating, suggesting analysts see balanced upside and risk at current valuation levels.

Insider Transactions at Devon Energy

In related news, SVP Andrea Alexander sold 18,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $46.74, for a total value of $841,320.00. Following the sale, the senior vice president directly owned 138,529 shares in the company, valued at approximately $6,474,845.46. The trade was a 11.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.58% of the company’s stock.

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.